FRANKFURT, Germany—German automaker Volkswagen saw its profit slip in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal.
The company nevertheless showed that it was holding its own against the headwinds buffeting the global auto industry, reporting improved earnings at its main Volkswagen unit and stronger profit margins across the group’s 12 brands. A strong sales mix, with more-profitable vehicles taking a bigger slice, boosted earnings.
