Audi Profit Dented by Volkswagen Emissions Scandal – Wall Street Journal

Posted: Thursday, March 03, 2016

INGOLSTADT, Germany—Audi AG, the luxury car maker owned by Volkswagen AG, on Thursday reported a drop of nearly 4% in net profit as costs related to the emissions-cheating crisis ate into earnings.

The Ingolstadt, Germany-based maker of premium sedans, sport-utility vehicles, Lamborghini sports cars and Ducati motorcycles said net profit fell to €4.2 billion ($4.57 billion) in 2015, while operating profit slipped 6% to €4.8…

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