Volkswagen's MAN truck unit posts higher than expected Q2 loss

Newswire

MUNICH, July 30 (Reuters) - Volkswagen's German truck unit MAN posted a net loss that was wider than expected for the second quarter, weighed down by provisions taken for power plant orders in the Caribbean and Corsica, the company said on Tuesday. Its after-tax loss narrowed to 41 million euros ($54.3 million) from 88 million a year earlier, but this still came well short of the 6 million euro loss estimated on average in a Reuters poll. MAN reaffirmed ...

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