German carmaker Volkswagen continues to struggle with its ongoing diesel emissions scandal. On Tuesday the company reported an almost 20 percent drop in first quarter profits. But analysts also see some positive signs.
German carmaker Volkswagen has announced it will boost investments in the development of electric cars in the next five years. The company has set out to become a global leader in e-mobility and new-energy vehicles.
Net profits tumbled in the third quarter at Volkswagen as the world's biggest carmaker booked higher-than-expected charges related to the emissions cheating scandal in the US. Surprisingly, VW's future looks rosier.
US regulators have approved a fix for emissions systems in 38,000 Volkswagen AG 3.0-liter vehicles. The decision means the German carmaker won't have to buy the vehicles back, potentially saving more than $1 billion.
Net earnings at the world's largest luxury carmaker have taken a dive, Daimler's latest quarterly earnings report has shown. It's the result of several costly campaigns, while overall sales left nothing to be desired.
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