Volkswagen says Q1 VW brand profit falls to 590 mln euros

Newswire

BERLIN, April 29 (Reuters) - Germany's Volkswagen said on Monday that first quarter operating profit at its core namesake brand fell 45 percent to 590 million euros ($769 million), hurt by slumping auto demand in European markets. Underlying profit at the Audi luxury brand dropped to 1.3 billion euros from 1.4 billion euros a year earlier, Europe's largest car manufacturer said. ($1 = 0.7676 euros) (Reporting by Andreas Cremer; Editing by Ludwig Burger)

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×