Volkswagen profit - updates

Rappler's latest stories on Volkswagen profit


Volkswagen net profit falls 57% in second quarter

Jul 28, 2016 - 9:15 PM

The carmaker s earnings in the second quarter of 2016 are weighed down by costs related to the diesel emissions cheating scandal

epa05442177 (FILE) A file dated 21 April 2016 shows a Volkswagen logo on a car in the lot of a VW dealership in Alexandria, Virginia, USA. According to news reports on 26 July 2016, a US federal judge gives preliminary approval to a 15 billion US dollar settlement over Volkswagen's emissions cheating scandal in a deal that includes an option for owners to have the carmaker buy back their vehicles. VW admited on 2015 that it had cheated on its US exhaust tests. EPA/MICHAEL REYNOLDS

Volkswagen profits whiplashed by 'dieselgate' scandal

May 31, 2016 - 11:30 PM

UPDATED The German carmaker s net profit plunges by 20 1 in the first quarter of 2016 but it is satisfied with its performance in view of the many challenges it is facing

epa05288264 (FILE) A file picture dated 27 February 2016 shows 'Wichtige Benachrichtigung' (lit. 'Important notice') is written on a letter by Volkswagen in front of a VW Passat Diesel in Straubing, Germany. Car manufacturer Volkswagen had installed illegal software in their Diesel motors EA189, which lowers the amount of nitrogen oxide during tests. A software update is said to solve the problem. Volkswagen informed their clients via letters that their cars need to be reprogrammed. EPA/ARMIN WEIGEL