Tag Archives: profit falls in second-quarter

VW profit falls in second-quarter, increases pressure to cut costs

Volkswagen said operating profit declined 3.1 percent in the second quarter as emerging-market volatility and a plunge in earnings at its core passenger-car division weighed on earnings.

Operating profit fell to €3.33 billion ($4.46 billion), from €3.44 billion a year ago, VW said in a statement today.