Volkswagen Profit declines during the 1st Quarter of this Year
Volkswagen Profit declines during the 1st Quarter of this Year
Berlin - QNA
Net profit at Volkswagen dropped by around one-fifth in the first quarter of 2016, as the carmaker struggles to absorb the costs of a major emissions-rigging scandal.
Profits for the first three months of the year fell to 2.3 billion euros (2.56 billion dollars) from 2.9 billion euros in the same period of 2015, according to results released by the company on Tuesday.
VW has faced heavy costs in recent months as it recalls and refits thousands of diesel cars fitted with software designed to cheat environmental emissions standards, German News Agency (DPA) reported.
The decline was greater than predicted, with analysts surveyed by the news agency Bloomberg expecting first-quarter operating profit to drop to 2.75 billion euros. "In the first quarter, we once again managed to limit the economic effects of the diesel issue and achieve respectable results under difficult conditions," chief executive Mattias Mueller said in a statement.
GMT 11:09 2017 Friday ,10 February
Renault boasts record year, despite diesel allegationsGMT 17:43 2016 Tuesday ,06 December
VW’s new division takes aim at Uber-style competitionGMT 17:52 2016 Wednesday ,23 November
After dieselgate, Volkswagen goes electricGMT 15:19 2016 Monday ,21 November
Volkswagen CEO sees case for building own battery factoryGMT 23:03 2016 Thursday ,27 October
Volkswagen Returns to Third-Quarter Profit Despite Emissions Scandal
- Thursday ,27 October GMT 23:03 2016 Volkswagen Returns to Third-Quarter Profit Despite Emissions Scandal
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj MahalGMT 13:19 2012 Saturday ,29 December
Tex-mex home style
GMT 06:14 2018 Tuesday ,16 January
Spain expected to replace US
GMT 02:37 2018 Saturday ,06 January
Four new hotels in Asia
GMT 08:18 2015 Saturday ,01 August
IsaDora to launch Rock & Romance collection
GMT 14:52 2017 Saturday ,20 May
Super Sale Dubai: Shoppers 'carried away' by crazy dealsGMT 14:27 2011 Tuesday ,22 November
China\'s efforts to combat climate change during 2006-2010
GMT 14:20 2012 Wednesday ,25 July
ICRC: \'Massive\' hardships for Afghans
GMT 21:45 2017 Wednesday ,08 February
Dubai Supreme Council of Energy reviews progress
GMT 11:27 2016 Sunday ,13 March
Iraq girl now rising table tennis starGMT 01:45 2012 Tuesday ,24 January
Stylish Sunburst MirrorsGMT 08:50 2012 Friday ,09 March
Kyoto’s coffee cultureGMT 23:23 2012 Monday ,27 February
Carry-On Stool ChairGMT 12:01 2012 Friday ,13 July
Miranda Kerr in revealing dress
GMT 14:53 2014 Friday ,12 September
Designers Gilles & Boissier open their first hotel in Paris
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor