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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." 

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