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.
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
EU regulators have opened a probe into whether several German carmakers colluded to hold back the roll-out of car emission control systems. It is the latest in a string of investigations into such alleged malpractices.
The ministry said there is no new information in a Bild newspaper report on VW cheating emissions tests for petrol cars. Volkswagen has admitted cheating on emissions tests for diesel vehicles.
In his first full-year report on Volkswagen's endeavors to clean up its emissions-cheating mess, a US compliance auditor has urged more transparency. He said he did not get all the documents he wanted to see.
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