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Volkswagen reports 19% profit drop amid scandal

But nearly two-thirds of its quarterly profit came from the Audi and Porsche divisions
Thursday, June 2, 2016 - 05:50
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The carmaker barely broke even during the quarter on cars bearing the familiar Volkswagen badge: a "VW" inside a circle. Sales are nearly flat in Volkswagen's European stronghold.

Berlin

VOLKSWAGEN is still managing to make money despite an emissions scandal; it's just not making money selling Volkswagens.

The brand problem, a persistent issue for years, has only gotten worse since the company admitted last year that it had deceived regulators about how much