The Volkswagen Group announced an operating loss of €3.48 billion ($3.86 billion) in the third quarter, after setting aside a huge contingent sum to fix the engines affected by the Dieselgate scandal. The new CEO Matthias Muller has already announced plans to cut some of the 300 cars sold across more than one dozen brands, as well as severely cut expansion plans.
Despite this, the Germans just reaffirmed their commitment to inves... (continue reading >>)
Thursday, October 29, 2015
Volkswagen Investing $900 Million in Chattanooga to Build New Midsize SUV in 2016
The Volkswagen Group announced an operating loss of €3.48 billion ($3.86 billion) in the third quarter, after setting aside a huge contingent sum to fix the engines affected by the Dieselgate scandal. The new CEO Matthias Muller has already announced plans to cut some of the 300 cars sold across more than one dozen brands, as well as severely cut expansion plans.
Despite this, the Germans just reaffirmed their commitment to inves... (continue reading >>)
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