Volkswagen reports giant leap in Q3 profits at USD 3.14 billion

German car giant Volkswagen reported a giant leap in third-quarter profits Tuesday, more than doubling the figure year-on-year to 2.76 billion euros (USD 3.14 billion) but falling short of analysts' expectations.

July to September saw no repeat of a payout in the billions the firm had to make over its "dieselgate" emissions cheating scandal in the same period last year, although it was weighed down by new tougher air pollution tests for cars introduced following the revelations.