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VW profits down 20% after diesel emissions scandal

The Guardian - 31 May 2016 12:56
VW profits down 20% after diesel emissions scandal Performance of non-Volkswagen marques limits damage to balance sheet and keeps car-maker on course to become world's biggest this year Volkswagen's profit tumbled 20% at the start of this year as car sales continued to fall in the wake of the diesel emissions scandal. The German car-maker made a profit before tax of €3.2bn (£2.4bn) in the three months to March, down from nearly €4bn a year earlier. Revenues fell 3.4% to €51bn due to a decline in vehicle sales and negative exchange rate ef...
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