VW's Main Shareholder Records Loss Over Emissions Scandal

June 29, 2016 10:04 AM

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Volkswagen's main shareholder, Porsche SE, says it made a loss after tax of 273 million euros ($302.3 million) last year due to the emissions cheating scandal affecting VW's diesel cars.

Porsche SE, which holds 52.2 percent of voting shares in Volkswagen, made a profit after tax of 3 billion euros in 2014. It is separate from sports car maker Porsche AG, a wholly-owned subsidiary of Volkswagen.

Also read: Volkswagen Raises Earnings Outlook as It Returns to Profit

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