--
 
Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

VW takes €2.2-billion charge in first half of 2016

2016-07-20 14:41

SCANDAL CONTINUES: VW booked a charge of €2.2-billion in the first six months of 2016 in relation to its engine-rigging scandal. Image AP

Frankfurt - Embattled automaker Volkswagen said on Wednesday (July 20) it booked a charge of €2.2-billion in the first six months of 2016 in relation to engine-rigging scandal, but it's operating performance before that charge was better than expected.

Still a light

VW said in a statement: "Group operating result before special items for the first six months stood at €7.5-bn, despite the ongoing economic impact from the diesel issue.

"In addition, special items totalling €2.2-bn mainly related to further legal risks predominately arising in North America, have been included in the first half year results. The operating result after special items amounted to 5.3-bn euros." 

NEXT ON WHEELS24X

Inside Wheels24

There are new stories on the homepage. Click here to see them.