Volkswagen for diesel scandal received in the 3rd quarter loss of 3.5 billion Euro


BERLIN, October 28. /Corr. Vyacheslav Filippov/. German auto giant Volkswagen recorded in the third quarter operating loss in the amount of 3,48 billion Euro on the background of the scandal with diesel cars, according to a published today report of the company.

Operating loss of the group in July-September of the current year amounted to 3,48 billion euros against a profit of 3.23 billion euros in the same period last year. Thus, for the first time Volkswagen has recorded a quarterly loss for the last 15 years. Write-off of the company in connection with the “diesel” scandal amounted to 6.7 billion euros.

Revenue from sales increased from 48.9 billion euros in 2014 to 51.5 billion euros in the current. Physical volume of production decreased from 2,404 million cars to 2,125 million

Assessment by Volkswagen, profits by the end of 2015 is expected below previous year’s level.

The giant was at the center of a scandal after the discovery on vehicles with diesel engines are software that allows you to bypass strict ecological standards of the USA. The investigation into the auto giant launched in several countries in Europe and Asia. As noted in the statement by Volkswagen, the problem of falsifying data environmental tests on the content of harmful substances in exhaust gases of vehicles affected to 11 million cars worldwide.