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Volkswagen profit News

German carmaker

18 Nov 2016

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

The deal, agreed with labour representatives after months of tortuous negotiations, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, VW brand chief Herbert Diess announced.

20 Jul 2016

Volkswagen profit tops forecast, but takes another dieselgate hit

Volkswagen said cost cutting and rising European car sales helped it to beat first-half underlying profit forecasts, though it set aside another 2.2 billion euros ($2.4 billion) to cover costs related to its "dieselgate" emissions scandal.

29 Apr 2015

VW Q1 profit jumps 17% on Europe recovery, cost cuts

Volkswagen increased operating profit in the first quarter on cost cuts and improving European auto demand, winning some respite after the shock ouster of Chairman Ferdinand Piech.

31 Jul 2014

VW reports profits jump on China growth, luxury brands

Volkswagen, Europe`s biggest auto group, on Thursday posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.

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