Monday, April 29, 2013

VW Starts to Feel the Crisis: Q1 Profit Down almost 50 Percent


Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after tax was €1.9 billion ($2.48 billion), also down from €3.1 billion ($4.05 billion). Read more »

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