Volkswagen net shoots up to 11.4 billion euros - Bank of America worried about cryptocurrencies - Seychelles swaps debt for conservation
The world's second largest carmaker reported its first drop in annual net profit in five years, warning that the decline could be followed by another profit slump this year due to higher costs and a further rising yen.
Volkswagen’s 2016 results were known long before the German carmaker's annual press and investor conference. As such there were no big surprises, but no shortage of questions either, writes DW's Janelle Dumalaon.
Germany's embattled carmaker Volkswagen roared back into the black last year, shaking off its 2015 emissions cheating scandal - and introducing a new corporate culture with a cap on managers' salaries.
German car group Volkswagen has raised its guidance for profit and revenue after posting higher-than-expected quarterly earnings despite huge legal costs resulting from its core brand's emissions-cheating scandal.
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