VW FIRMS A DATE FOR EARNINGS REPORT IN WAKE OF SCANDAL

Volkswagen AG set new dates for its annual earnings press conference and shareholders meeting, indicating the scandal-hit company has made progress in sorting through the financial issues that caused the company to postpone the events. Europe’s largest automaker will hold its annual press conference on April 28 in Wolfsburg, Germany, while shareholders will gather in Hanover on June 22. Volkswagen had taken the unusual step to delay the events as it struggled to deal with the fallout from the revelation in September that it deliberately cheated on emissions tests. Though the company has set aside 6.7 billion euros ($9.8 billion) last year to repair about 11 million vehicles around the world, it has said that sum won’t cover the full extent of damages.