Carmaker has doubled its provision for fixing cars affected by the diesel emissions scandal Volkswagen has slumped to its first annual loss in more than 20 years after making a €16.2bn (£12.6bn) provision for costs relating to the diesel emissions scandal. This pushed VW into an operating loss of €4.1bn for 2015, bigger than analysts had expected and the company's first annual loss since 1993, after a €12.7bn profit in 2014.
Volkswagen takes €16bn hit for diesel scandal as it makes €4bn loss
The Guardian - 22 Apr 2016 17:02
Carmaker has doubled its provision for fixing cars affected by the diesel emissions scandal Volkswagen has slumped to its first annual loss in more than 20 years after making a €16.2bn (£12.6bn) provision for costs relating to the diesel emissions scandal. This pushed VW into an operating loss of €4.1bn for 2015, bigger than analysts had expected and the company's first annual loss since 1993, after a €12.7bn profit in 2014.
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