Volkswagen reports third quarter operating loss of €3.48 billion
Some €6.7 billion in special costs linked to the cheating scandal pushed VW to a €3.48 billion operating loss
Volkswagen contained the financial fallout from its emissions cheating as its namesake car brand boosted third-quarter margins and provisions to cover fines and recalls rose only moderately.
The VW brand, which faces the biggest impact from years of cheating on diesel emissions, widened its return to three per cent of sales from 2.8 per cent a year ago as operating profit jumped 17 per cent. Some €6.7 billion in special costs linked to ...
