Audi profit collapses

Above all, the fine of 800 million euros imposed by the munich public prosecutor’s office in the diesel scandal has had a negative impact on the interim balance sheet, the ingolstadt-based carmaker said.
In addition, there were high costs for new models, the conversion of plants for electric cars and sharply lower sales figures due to the delays in the registration of vehicles according to the new consumption measurement standard WLTP. For many years, audi has been the strongest profit earner in the VW group.