Thursday, October 29, 2015
Article of the Day: Volkswagen Posts Huge Quarterly Loss
Even though the news of the DieselGate incident only hit the market at the tail end of the third quarter, Volkswagen has posted a record $3.84 Billion operating loss, it's first such loss in 15 years. Though that does sound quite troublesome, Volkswagens sales revenue was up 8.5% in the first 3 quarters, and the company reports having over $30 Billion in liquidity for its Automotive Division. They'll need that to weather the coming storm. What do you think about the whole 'DieselGate' incident? Tell us in the comment section below.
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