Volkswagen AG says it earned €627 million ($564.3 million) during the first quarter, a 24.4% decline from prior year results. Europe’s largest auto maker also reports a 5.4% drop in revenue to €21.27 billion ($19.39 billion), down from €22.48 billion ($20.49 billion) in like-2001. VW worldwide vehicle sales totaled 1.18 million units during the quarter, 6.8% below year-ago. The auto maker’s global market share declined by 0.4 points to 11.5%. In Western Europe – which includes VW’s ...
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