Volkswagen Reports €3.48 Billion Loss for 3Q
Volkswagen AG has reported a €3.48 billion ($3.85 billion) operating loss for the third quarter. Some of the largest investors in Volkswagen include the Qatar Investment Authority (QIA). The operating loss of €3.48 billion compares directly to a €3.23 billion profit a year ago. Volkswagen is the biggest automobile manufacturer in Europe, impacting numerous countries in the Eurozone economy.
This bad news is layered on top of Volkswagen’s global emissions scandal. Volkswagen faces number of potential regulatory fines and lawsuits from institutional investors.
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