Volkswagen has recorded its first quarterly loss in fifteen years as a result of the emissions scandal involving some of its diesel engines.
The crisis is the worst in the German automaker's history.
Our correspondent Ira Spitzer reports from Berlin.
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Volkswagen has issued a full year profit warning, as the cost of repairing its cars that were at the centre of the recent emissions scandal starts to hit its earnings.
The German carmaker was found by the US Environmental Protection Agency to have cheated on emissions tests of some of its diesel cars, and has reported a net loss of 1.9 billion dollars in the third quarter of this year.
Lorna Shaddick reports from New York.
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ALT. FROM U.S
Volkswagen has issued a full year profit warning, as the cost of repairing its cars that were at the centre of the recent emissions scandal starts to hit its earnings.
The German carmaker was found by the US Environmental Protection Agency to have cheated on emissions tests of some of its diesel cars, and has reported a net loss of 1.9 billion dollars in the third quarter of this year.
Lorna Shaddick reports from New York.
IN: This is VW's…
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GENERIC: http://www.fsnradionews.com/
ICRT: http://www.fsnradionews.com/
NIGERIA: http://www.fsnradionews.com/
RNZ: http://www.fsnradionews.com/
SRN: http://www.fsnradionews.com/
VATICAN: http://www.fsnradionews.com/
ZIZ: http://www.fsnradionews.com/