Volkswagen chokes on its first loss in 15 years
After inventing a diesel engine that does not emit any dangerous gases into the environment, you’d assume that VW would by no means run out of cash ever once more. Regardless of this, the German auto maker has simply posted a quarterly loss of €three.forty eight billion ($three.eighty four billion) which, if we’re trustworthy, makes little or no sense. In any case, the monetary paperwork reveal that the agency was making a pile of cash up till September, after which every part drops off a cliff. The one factor that is sensible is that if one thing completely implausible passed off, like discovering that the agency was engaged in a international system of emissions fraud. However, if we’re trustworthy, no one of their proper thoughts would try one thing so irresponsible as that, would they.
SOURCE: VW Group
Tags: enterprise dieselgate emissions emissionsscandal loss scandal volkswagen vw