Volk­swa­gen profit slumps in first quar­ter

China Daily (Canada) - - BUSINESS -

Net profit at Ger­man car­maker Volk­swa­gen Group slumped to 2.3 bil­lion euros ($2.6 bil­lion) in the first quar­ter, from 2.9 bil­lion euros, although the com­pany in­sisted its over­all per­for­mance since the turn of the year is in line with ex­pec­ta­tions. Sales also de­clined by 3.4 per­cent to 51 bil­lion euros. The group, which owns 12 brands in­clud­ing Volk­swa­gen, Audi and Porsche,

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.