German carmaker Volkswagen CEO Matthias Mueller and board members Karlheinz Blessing, Frank Witter and Herbert Diess attend the company's annual news conference in Wolfsburg, Germany, March 14, 2017. REUTERS/Fabian Bimmer
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Volkswagen left the door open to potential tie-up talks with Fiat Chrysler Tuesday, as a drop in operating profit at its biggest car brand showed the challenges it still faces 18 months on from its emissions scandal.Fiat Chrysler boss Sergio Marchionne said last week that the deal might eventually persuade VW to seek a tie-up with his own company, a suggestion that was swiftly rejected by VW. .Fiat Chrysler shares rose more than 2 percent following the comments, while VW's were little changed.Breaking down the figures for the first time, the company said Tuesday underlying operating profit at its VW brand fell 10 percent to 1.9 billion euros ($2 billion), with the profit margin slipping to 1.8 percent from 2 percent in 2015 .
FOLLOW THIS ARTICLE