Germany's Volkswagen said its operating profit jumped 28 per cent in the first quarter, helped by improved earnings at its core VW brand.
Operating profit came to 4.4 billion euros ($4.7 billion) in the three months through March, the carmaker said on Tuesday, compared with 3.44 billion it reported for the year-earlier period.
It said it still expected to report a full-year return on sales between six to seven per cent this year.