Shares in Volkswagen jumped more than 4 percent on Wednesday, boosted by earnings that were better than expected given the massive pollution cheating scandal in which the company is embroiled.

The auto giant touched an intra-day high of 109.55 euros, up 4.18 percent from Tuesday's close, after it said net loss for the third quarter reached 1.67 billion euros. Analysts had forecast on average a loss of 2.12 billion.