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Volkswagen Hikes Emissions Provisions To 16-17b Euros —Source

by ReportersAtLarge
April 22, 2016
in News
Reading Time: 1 min read
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VOLKSWAGEN  (VOWG_p.DE) is hiking its provisions to pay for an emissions cheating scandal to between 16 billion and 17 billion euros ($18.1-19.2 billion) from currently 6.7 billion euros, a person familiar with the matter told Reuters on Friday.

Volkswagen declined to comment on the matter.

Tags: EarningsEMISSIONSPerformancePROVISIONSRESULTSUnited StatesUSVOLKSWAGEN
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Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

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