May
30
Car Industry Awaits Volkswagen’s Quarterly Earnings Report
ByThis is what to expect in the week ahead.
AUTO INDUSTRY
Counting the costs of an emissions scandal.
Volkswagen could reveal more about the cost of its emissions scandal when it reports first-quarter earnings on Tuesday. The company has set aside about $18 billion so far to cover fines and legal settlements stemming from its admission that it programmed cars to deliver false emissions data. Volkswagen, which also makes Audi and Porsche vehicles, previously announced that its car sales rose less than 1 percent in the first four months of the year, a sign the scandal is taking a toll. Jack Ewing…
Car Industry Awaits Volkswagen’s Quarterly Earnings Report
