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'Dieselgate' costs choke Volkswagen profits

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AFP Frankfurt Am Main (Germany)
Net profits tumbled in the third quarter at Volkswagen as the world's biggest carmaker booked higher-than-expected charges related to its years-long emissions cheating scandal.

VW reported net profit attributable to shareholders down 53.4 per cent year-on-year, at 1.06 billion euros (USD 1.23 billion), after it booked 2.6 billion euros of additional charges for refitting diesel cars rigged to cheat emissions tests in the United States.
 

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First Published: Oct 27 2017 | 1:42 PM IST

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