AP Photo/Rick Bowmer German auto giantVolkswagen AG warned on Friday that it will take a surprise one-time charge of about 2.5 billion euros ($3 billion) against its third-quarter earnings, as its efforts to buy back or repair diesel-powered vehicles in North America have proven more costly than it had expected. Wall Street analysts polled by Bloomberg had expected VW to report an operating profit of 4.45 billion euros for the third quarter, on average, before the charge was announced. What VW s...
Volkswagen has paid out billions since the DieselGate scandal broke -- and it's not over yet
Business Insider - 30 Sep 2017 01:55
AP Photo/Rick Bowmer German auto giantVolkswagen AG warned on Friday that it will take a surprise one-time charge of about 2.5 billion euros ($3 billion) against its third-quarter earnings, as its efforts to buy back or repair diesel-powered vehicles in North America have proven more costly than it had expected. Wall Street analysts polled by Bloomberg had expected VW to report an operating profit of 4.45 billion euros for the third quarter, on average, before the charge was announced. What VW s...
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