Scandal-hit VW doubles profits in 2017 | Business| Economy and finance news from a German perspective | DW | 23.02.2018
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Scandal-hit VW doubles profits in 2017

German automaker Volkswagen posted a doubled net profit in 2017, selling more cars than ever before. Its bottom line held up despite an emissions scandal, but fallout from a recent testing scandal lies ahead.

German automaker Volkswagen saw its net profit more than double year-on-year to €11.4 billion ($10.8 billion) on revenues up 6.2 percent year-on-year to €230.7 billion in 2017

The world's largest automakers by revenue sold over 10.74 million vehicles globally, 4.3 percent more than the year before, and more vehicles than ever before.

The company's figures held up despute the fallout from the Dieselgate scandal, although it said in September that the costs associated with the emissions testing scandal in the US could feed in to its reults at a later date.

VW's supervisory board met on Friday and was informed by the management board about the toxic diesel emissions tests on monkeys, among other topics.

VW on Wednesday said it plans to introduce a code of conduct for employees.

VW revealed that it was one of several German carmakers that had funded tests involving humans and monkeys inhaling diesel fumes. 

The revelations were the latest twist in a long-running diesel scandal that emerged in September 2015 when VW admitted to cheating on emission tests around the world.

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