Volkswagen Group reports £2.5bn operating loss

Volkswagen Group reports £2.5bn operating loss 

Volkswagen Group has reported a €3.48bn (£2.5bn) operating loss for the third quarter of the year, and a €2.52bn (£1.8bn) pre-tax loss, thanks to the mounting cost of the emissions scandal.
In September, the Volkswagen Group admitted installing a piece of software designed to cheat emissions tests in 11 million of its diesel cars worldwide, including Seat, Škoda and Audi models as well as Volkswagen cars.
The manufacturer has been forced to set aside €6.7bn (£4.8bn) to cover the costs of the scandal, resulting in the first net loss it has reported in 15 years.
Matthias Müller, chief executive and chairman of the board of management, said: "The figures show the core strength of the Volkswagen Group on the one hand, while on the other the initial impact of the current situation is becoming clear. We will do everything in our power to win back the trust we have lost."
The Volkswagen brand’s operating profit before special items relating to the diesel issue rose to £1.6bn (€2.2bn).
 http://www.fleetnews.co.uk/news/manufacturer-news/2015/10/28/volkswagen-group-reports-25bn-operating-loss
If you want to earn $6k with $3 one time payment then click here to join Residual Income in a Box RIIAB 3x4 Forced Matrix Model