Bad News? What Bad News? Volkswagen Bullish Despite Emissions Costs – Wall Street Journal

WOLFSBURG, Germany—At Volkswagen AG, bad news is now good news.

The German car maker, embroiled in a crippling emissions-cheating crisis, has set aside €16.2 billion ($18.32 billion) to fund the recall of millions of cars, legal claims and related costs, precipitating its worst-ever annual loss of €1.58 billion in 2015.

It still faces many unknowns, including the final U.S. penalties, potential unforeseen costs in Europe and…

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