vw back in the black with 51bneuro net profit in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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VW back in the black with 5.1-bn-euro net profit in 2016

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Arab Today, arab today VW back in the black with 5.1-bn-euro net profit in 2016

Volkswagen
Wolfsburg - AFP

 Volkswagen on Friday announced a net profit of 5.1 billion euros ($5.4 billion) for 2016, roaring back into the black after the dieselgate emissions cheating scandal pushed the German giant to its first loss in two decades in 2015.

Europe's largest carmaker reported record revenues of 217.3 billion euros as car sales hit an all-time high, with further growth expected in 2017.

"Despite the crisis, the group delivered a record performance," chief executive Matthias Mueller said in a statement.

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vw back in the black with 51bneuro net profit in 2016 vw back in the black with 51bneuro net profit in 2016

 



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