VW hit with more charges over emissions

FRANKFURT: Embattled German auto giant Volkswagen said on Wednesday it booked another huge charge related to the engine-rigging scandal on its first-half accounts, but insisted that profits came in better than expected overall and it would stick to its full-year targets.

“The operating result for the Volkswagen group before special items is significantly higher than market expectations for the first half of 2016,” VW said in a statement, sending its shares zooming ahead by more than seven percent on the Frankfurt stock exchange.