VW proposes 35% dividend increase, settles class action emissions lawsuit

Filed under: Earnings/Financials,Government/Legal,Green,Audi,Volkswagen,Emissions

Volkswagen Group said its full-year operating profit rose 22% to 16.9 billion euros ($18.5 bln) thanks to strong sales of higher-margin cars and lower diesel charges, defying an industry downturn that has cut the earnings of rivals. Volkswagen is in the midst of ramping up sales of sports utility vehicles, which command better profits than ordinary cars, to 40% of passenger car sales from below 25% in 2018, while diesel related fines and settlements fell to 2.3 billion euros, down from 3.2 bill

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