News Digest Item
14 Mar 2017

“VW targets strong 2017 even as core brand struggles”

Reuters / Volkswagen

Operating profits of Volkswagen Group’s core brand slipped in 2016 amid higher marketing costs related to the diesel emissions scandal and plunging demand in key markets, reports Reuters. But VW Board of Management member Frank Witter said in a press release that the group’s results demonstrated that VW was “financially equipped to bear the consequences of the diesel crisis”.

Read the Reuters article in English here and the VW press release in English here.

For background read the CLEW dossier The Energiewende and German carmakers.

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