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27

VW CEO Faces Investors as First Loss in More Than 15 Years Looms

By Tony Seruga

New CEO changes policy to host conference call with analysts
Analysts see many open questions to estimate financial fallout

Volkswagen AG Chief Executive Officer Matthias Mueller, set to unveil the carmaker’s first quarterly loss in more than 15 years, will face his first public grilling from investors as he tries to gain their trust during the diesel-emissions crisis.

Europe’s largest automaker will probably post a 3.26 billion euro ($3.60 billion) operating loss for the third quarter Wednesday, compared with a 3.23 billion euro profit a year ago, according to 10 analyst estimates compiled by Bloomberg. After vowing to introduce a new corporate style at Volkswagen, Mueller is breaking with earnings etiquette established by his predecessor, Martin Winterkorn. He’ll personally field questions on an analyst call, a task the former CEO preferred to delegate to his finance chief…

VW CEO Faces Investors as First Loss in More Than 15 Years Looms

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