VW suffers its first quarterly loss in more than 15 years

International Business Times

UPDATE: 4:11 a.m. EDT — Volkswagen AG reported a larger-than-expected loss of 3.48 billion euros ($3.85 billion) for the third quarter, the company announced, and said full-year profit would be significantly lower than last year. The loss is the company’s first in more than 15 years, according to Bloomberg. The after-tax loss for the quarter stands…

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