Thursday, March 3, 2016

Earnings Fall for Audi – Vestmanlands County Newspaper

Costs related to emissions scandal obscures prospects. Stock Photography.

 Costs related to emissions scandal obscures prospects. Stock Photography.
 

                     
                    

Matthias Schrader / AP / TT

            

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Emission the scandal has hit the Volkswagen-owned Audi last year profit fell by six percent to 4.84 billion euros, equivalent to 45 billion.

the result has been squeezed by the cost of EUR 228 million, about SEK 2.1 billion, related to release the cheating that came to light last fall.

the management still expect that deliveries of new cars increased slightly to new record of 1.8 million.

VW has postponed its presentation of the 2015 results but Audi is an important part of the Group’s results and thus provide some indication.

VW has so far reserved the € 6.7 billion in costs for, among other things, recall and fix all the cars that have a software that manipulates emission levels.

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