BERLIN (AP) — Volkswagen AG says its net profit increased by more than half last year, while revenue climbed more than six percent. The company said Friday it earned $5.35 billion in 2017, a 55.5 percent increase over the previous year. Revenue also rose to $282 billion.
Volkswagen said special items related to the diesel scandal that broke in 2015 again reduced earnings, though the total cost of special items was down to $3.9 billion from $9.2 billion in 2016. The company already said it had record sales of 10.74 million vehicles last year. It said Friday that it "expects to moderately exceed its latest record delivery figures" this year, while revenue may rise as much as five percent.
