Volkswagen Profits Dive $144 Million In First Quarter As DieselGate Losses Mount

Volkswagen Group's namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers.

The VW brand posted a loss of 127 million euros ($144 million) in the final three months of 2015 from a profit of 780 million euros a year earlier, according to data released by the German carmaker.

VW Group's biggest unit was hit by "market support measures linked to the emissions issue" as well as declines in the Russian and Brazilian markets, the company said in a statement on Thursday.

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MDarringer - 4/28/2016 7:44:57 PM

-2 Boost

I want to see VW bleed.

MrEE - 4/28/2016 10:17:27 PM

+1 Boost

Check your math, plus 780 to minus 127 swing is an over 900 euro dive.