Volkswagen Posts Loss on Charge; Germany Recalls Other Cars – Wall Street Journal

Posted: Saturday, April 23, 2016

Volkswagen AG significantly increased the money it set aside to pay for an emissions-cheating scandal, resulting in its worst annual loss, as authorities world-wide pursue new crackdowns on it and other car makers.

Germany‚Äôs largest auto maker reported a net loss of $1.77 billion last year, stemming from an about $18 billion charge to earnings, up from $7.5 billion previously. The bulk of the higher set-aside covers a buyback of…

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