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This Article is From Jul 28, 2016

Volkswagen Says Net Profit Falls 57% In Second Quarter

Scandal-struck car manufacturer Volkswagen said that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion).

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Volkswagen Says Net Profit Falls 57% In Second Quarter
Volkswagen said that its profits fell in the second quarter to 1.15 billion euros ($1.3 billion).
Frankfurt, Germany: Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 per cent to 1.15 billion euros ($1.3 billion).

Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal.

"Further enormous feats of strength will be needed to contain the high costs of the diesel question," finance director Frank Witter said in a statement.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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