“VW targets strong 2017 even as core brand struggles”
Reuters / Volkswagen
Operating profits of Volkswagen Group’s core brand slipped in 2016 amid higher marketing costs related to the diesel emissions scandal and plunging demand in key markets, reports Reuters. But VW Board of Management member Frank Witter said in a press release that the group’s results demonstrated that VW was “financially equipped to bear the consequences of the diesel crisis”.
Read the Reuters article in English and the VW press release in English .
For background read the 91tv dossier The Energiewende and German carmakers.
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