VW loses EUR 1.4 billion in 2015, predicts lower revenues for 2016  [ Germany ]

On April 22, Volkswagen reported an annual loss of EUR 1.4 billion for 2015, due in large part to the emission scandal. The company had recorded revenues of EUR 213.3 billion, 5.4% more than in 2014, but had special item costs of EUR 16.9 billion.EUR 16.2 billion of those special costs were provisions for the emissions issue, including pending technical modifications, customer-related measures,...
<Apr 23, 2016>