Volkswagen: extraordinary costs in Q3.
(CercleFinance.com) - We will now talk about the "Dieselgate" scandal again, which is clearly continuing to affect Volkswagen - particularly financially.
As the sharpest faller on the Dax today, the car giant stock is down 3.3% after the announcement of an exceptional charge of 2.5 billion euros in Q3.
This will impact the group's operating profit and is due to the recall, which is "technically more complex and longer" than expected of 2-litre diesel cars in North America, where the controversy originated.
VW will publish its 9 month accounts on 27 October. Investors are now a little better prepared about what to expect...
Copyright (c) 2017 CercleFinance.com. All rights reserved.
As the sharpest faller on the Dax today, the car giant stock is down 3.3% after the announcement of an exceptional charge of 2.5 billion euros in Q3.
This will impact the group's operating profit and is due to the recall, which is "technically more complex and longer" than expected of 2-litre diesel cars in North America, where the controversy originated.
VW will publish its 9 month accounts on 27 October. Investors are now a little better prepared about what to expect...
Copyright (c) 2017 CercleFinance.com. All rights reserved.