Volkswagen’s Q3 results have just rolled out, and as expected, they are not pretty.
It’s the company’s first quarter-on-quarter loss in 15 years.
The loss runs to €3.48 billion ($3.84 billion or £2.51 billion), worse than the €3.26 billion ($3.60 billion or £2.35 billion) expected.
According to Reuters, the automaker is reporting that full-year profits will be “significantly below” last year’s levels.
