Picture taken on October 19, 2015 shows autumn foliage on a Polo car of German car maker Volkswagen (VW) in Hamburg, northern Germany. AFP PHOTO / DPA / DANIEL BOCKWOLDT
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German auto giant Volkswagen booked Wednesday its first quarterly loss in 15 years in the wake of the global pollution-cheating scandal which also forced it to lower its full-year forecasts.Volkswagen, which has just been overtaken by Toyota as the world's biggest car maker in terms of sales, ran up a net loss of 1.673 billion euros ($1.85 billion) in the three-month period, compared with a profit of 2.971 billion euros a year earlier.Excluding that provision, operating profit would have remained stable at 3.2 billion euros in the three-month period, VW said.Third-quarter sales revenues, or turnover, advanced by 5.3 percent to 51.487 billion euros, while deliveries to customers fell by 3.4 percent to 2.392 million vehicles worldwide. In 2014, VW sold 10.217 million vehicles worldwide and booked operating profit of 12.697 billion euros on sales revenues of 202.5 billion euros.
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