VW Jumps on Profit Gain, Sticks to Targets Despite Slowdown

CFO says VW must pick up pace on transformation amid risks
Truck unit share sale remains ‘desired outcome’: CFO Witter

CFO Frank Witter discusses China, trade, job cuts and unlocking value in Volkswagen’s sports car division.(Source: Bloomberg)

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By Christoph Rauwald

May 2, 2019 at 5:33 AM UTC

Updated on

May 2, 2019 at 4:02 PM UTC

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Volkswagen AG shares advanced the most in three months after first-quarter profit rose and the German carmaker stuck to annual earnings goals despite a global market slowdown and rising legal costs.