VW Says It’s ‘Back on Track’ After Restructuring

Volkswagen AG sought to draw a line under the diesel scandal that has locked it in crisis mode for more than a year, with sweeping restructuring efforts starting to take hold and profitability improving at the namesake car brand.

While Chief Executive Officer Matthias Mueller acknowledged Tuesday that emissions lawsuits will continue to preoccupy the automaker for many years, he said the company is “back on track” and in a position to push ahead with tackling an “epochal shift” in the auto industry. Those initiatives could eventually include talks with Fiat Chrysler Automobiles NV, with the German company now more open to strategic partnerships, Mueller said.