Volkswagen Group Third Quarter Report Shows Loss of $1.9 Billion

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Volkswagen Group today released its third quarter financial report revealing a net loss of 1.7 billion euros (about $1.9 billion). The loss is the result of the company’s ongoing diesel emissions crisis and it’s the first time the company has failed to return a profit in at least 15 years. Operating profits totaled 3.2 billionVolkswagen Group today released its third quarter financial report revealing a net loss of 1.7 billion euros (about $1.9 billion). The loss is the result of the company's ongoing diesel emissions crisis and it's the first time the company has failed to return a profit in at least 15 years.