Sales And Profits Tumble At Volkswagen

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Volkswagen has reported profit before tax of £2.4bn for the first quarter of the year – a 19.3% fall compared with 2015.Sales revenue at the troubled carmaker, which has become embroiled in an international emissions scandal, was also down 3.4% to £37.8bn.
Although the number of vehicles delivered to customers edged up by 0.8% to 2.5 million, deliveries of passenger cars to the UK have fallen to 144,000 – a decline of 1.5% on the first three months of last year.

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