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Volkswagen

Volkswagen sees profit rise but warns on trade disputes

Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that "growing protectionism" is a threat to the globally connected car industry.

The automaker based in Wolfsburg, Germany, said Wednesday that profit increased 6.8 percent to 3.31 billion ($3.85 billion) euros, despite a charge of 1.6 billion euros for the company's lingering diesel emissions scandal.

Revenues rose 3.4 percent to 61.14 billion euros and the operating profit margin rose to 9.1 percent from 7.7 percent.

CEO Herbert Diess said that the company "cannot rest on its laurels" due to coming challenges such as new, tougher...

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