Volkswagen slumped to a third-quarter operating loss over costs related to its rigging of diesel emissions tests, its first quarterly deficit in at least 15 years.
VW's operating loss of 3.48 billion euros ($3.84 billion) was in line with the 3.47 billion-euro loss forecast in a Reuters poll of analysts.
VW said the operating group profit will come in "significantly below" year-ago levels because of costs related to the emissions scandal.
The German group stuck to its guidance for full-year deliveries to be on a par with last year's record 10.14 million auto sales.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.