volkswagen says net profit falls 57 in second quarter
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Volkswagen says net profit falls 57% in second quarter

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Arab Today, arab today Volkswagen says net profit falls 57% in second quarter

Frankfurt economy
Frankfurt - Arab Today

Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion).

Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal.

"Further enormous feats of strength will be needed to contain the high costs of the diesel question," finance director Frank Witter said in a statement.

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