FRANKFURT, Germany – Volkswagen's namesake brand saw operating earnings slip by 45 percent in the first quarter, as it joined the ranks of European carmakers suffering a tough first quarter.
The brand earned 590 million euros before interest and taxes, compared to 1.08 billion euros in the same period a year earlier.
Audi, Volkswagen AG's luxury mainstay and a key driver of earnings, dipped to 1.31 billion euros from 1.41 billion euros a year ago.
The company's other brands include Bentley, Porsche, SEAT and Skoda. VW reported detailed earnings Monday after releasing key figures last week. The group as a whole saw net income fall 38 percent to 1.95 billion euros.

Read Article

VW earnings fall 45 percent,  Audi division earnings slip 7.1 percent in Q1

About the Author