German auto giant Volkswagen said Wednesday that the global pollution-cheating scam it is currently embroiled in pushed it deeply into the red in the third quarter and would hurt earnings for the whole of 2015.
VW said in a statement that it booked a net loss of 1.673 billion euros ($1.85 billion) in the period from July to September, compared with a profit of 2.971 billion euros a year earlier.
At the same time, the carmaker said it expected full-year operating profit to be "sharply lower" than in 2014, although global vehicles sales would match levels a year earlier and turnover was projected to rise by "up to four percent".
GMT 12:01 2017 Tuesday ,25 April20 dead after boat capsizes in Senegal
GMT 10:29 2017 Tuesday ,25 AprilIraqi Kurds call deadly Turkish strike 'unacceptable'
GMT 09:18 2017 Tuesday ,25 AprilToll in Turkish strikes on Syria Kurds rises to 18
GMT 09:16 2017 Tuesday ,25 AprilTurkish strike in Iraq kills six Kurdish security forces
GMT 07:55 2017 Tuesday ,25 AprilPolice say at least 24 people killed in road accident
GMT 07:52 2017 Tuesday ,25 AprilUS state of Arkansas executes two prisoners in one night
GMT 07:51 2017 Tuesday ,25 AprilThird person killed in Venezuela protests
GMT 07:49 2017 Tuesday ,25 AprilArkansas kills inmate in latest of several planned executions