Monday September 28, 2020

Volkswagen continues to battle emissions scandal

5th June, 2016
Volkswagen: profits down again

Car giant Volkswagen saw its profit before tax dip by almost 20 per cent in the past year, according to its latest accounts.

“Depending on the economic conditions – particularly in South America and Russia – and the exchange rate development and in light of the emissions issue, we expect 2016 sales revenue for the Volkswagen Group to be down by as much as 5 per cent on the prior-year figure.”

Volkswagen statement

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