VW withstands $1.12 billion fine Unlisted Video

FRANKFURT -- Sales of SUVs and cost cutting helped Volkswagen Group shrug off a 1 billion euro ($1.12 billion) legal charge and meet first-quarter operating profit forecasts on Thursday. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ($4.37 billion) from 4.2 billion a year earlier, VW said, but the result was in line with the 3.92 billion euros expected by analysts.