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Despite scandal, VW improves Q1 profits

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Volkswagen posted a surprise increase in first-quarter operating profits as the carmaker works to overcome its diesel emissions scandal.

Operating profits moved up to 3.4 billion euros, or $3.8 billion, from 3.3 billion a year earlier.

"Safeguarding the Volkswagen Group's robust financial strength for the long term remains a top priority in light of the expected effects of the diesel issue," finance chief Frank Witter said in a statement.

Read more from Reuters.

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