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12.1 billion euros : Volkswagen boosts profits despite diesel scandal

Regardless of the costs for the refurbishment of the diesel scandal, and the admission problems due to the new exhaust test, the WLTP, the car maker Volkswagen

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12.1 billion euros : Volkswagen boosts profits despite diesel scandal

Regardless of the costs for the refurbishment of the diesel scandal, and the admission problems due to the new exhaust test, the WLTP, the car maker Volkswagen has increased its profit. The bottom line for 2018, after-tax profit of 12.1 billion euros, like VW said in Wolfsburg on Tuesday. This is around six percent more than the previous year (almost EUR 11.5 billion).

in Spite of "strong headwinds" had hit the group of "neat" and a successful year, said chief Executive Herbert Diess. Worldwide, a total of 10.8 million vehicles, the group were delivered brands to customers - an increase of 0.9 percent and a new record. Sales rose by EUR 6.3 billion to 235,8 billion euros. The "negative special factors" in connection with the diesel crisis, amounted, according to the group's EUR 3.2 billion.

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For 2019, Volkswagen now expects even stronger against the wind, among other things, due to the deteriorating expectations of economic growth. Invest the auto maker wants to, especially in new drives In the next ten years, the group planned to bring around 70 new electric models on the market - instead of 50 as in the past. (AFP)

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