BERLIN—Volkswagen AG slashed its proposed dividend Thursday after swinging to a net loss in the second quarter, but the world’s biggest car maker by sales also said there were signs a recovery was under way in markets from Western Europe to the U.S.
Volkswagen, which also makes the Audi and Porsche brands, posted a net loss of €1.61 billion in the second quarter ended June 30, compared with a net profit of €3.96 billion the same period a year earlier. Revenue fell 37% to €41.08 billion from €65.19 billion as...
Source: Financial Digest (financialdigest.net)
Please leave us to enjoy our national misery and depression
Volkswagen,BMW,Mercedes, Audi and Porsche are all popular cars in the uk at the moment, once the EU puts tariffs on trade with an independent UK German market share in uk cars will crash.
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