Volkswagen Brand Profit Sinks 86 Percent; Company Thanks God for All Those Other Brands

First-quarter earnings just released by Volkswagen Group show a massive hit to the company’s namesake brand, all thanks to fallout from the diesel emissions scandal. Profit at Volkswagen passenger cars fell 86 percent to 73 million euros ($81 million), down from 514 million euros last year. That plunge leaves the brand with a nano particle-thin […]
The post Volkswagen Brand Profit Sinks 86 Percent; Company Thanks God for All Those Other Brands appeared first on The Truth About Cars.