• Volkswagen profit rises despite emissions certification woes

    4 monthes ago - By Chron

    FRANKFURT, Germany - Volkswagen saw net profit more than double in the third quarter even as sales fell due to delays certifying vehicles for new emissions tests.
    Profit rose to 2.76 billion euros from an adjusted figure of 1.07 billion in the year-ago quarter. Sales revenue rose 0.9 percent to 55.2 billion euros, the company said Tuesday.
    Vehicles sales, however, fell 3.6 percent in the quarter, to 2.54 million, as the company failed to get vehicles certified in time for new European emissions tests intended to more closely reflect cars' pollution levels.
    The new tests took effect Sept.
    Read more ...


  • VW operating profit drops as anti-pollution rules bite

    4 monthes ago - By Reuters

    Volkswagen reported a smaller than expected 18.6 percent drop in third-quarter adjusted operating profit, boosting its shares despite weaker vehicle sales tied to the introduction of more stringent anti-pollution rules.
    Read more ...


  • Volkswagen keeps sales target despite certification trouble

    4 monthes ago - By Chron

    FRANKFURT, Germany - Volkswagen says it is sticking with its sales and profit targets for the year despite the difficulties getting new vehicles through emissions tests that made sales slump in September.
    The Wolfsburg, Germany-headquartered automaker said Tuesday full-year deliveries would "moderately surpass" those from last year, when the company delivered 10.7 million cars and disputed the title of world's biggest automaker with the Renault-Nissan-Mitsubishi alliance. The alliance sold 10.6 million but said Volkswagen counted trucks as well.
    Volkswagen reported it sold 8.1 million...
    Read more ...