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BREAKING NEWS

VW takes new 2.5 billion euro hit for modifying diesel vehicles in U.S.

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VW takes new 2.5 billion euro hit for modifying diesel vehicles in U.S.

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BERLIN (Reuters) – Volkswagen <VOWG_p.DE> will take a hit of around 2.5 billion euros (£2.23 billion) to its third-quarter results because a programme to buy back or retrofit diesel engine cars in North America is proving more complex and time-consuming than expected, it said on Friday. Its shares dropped after the statement and were down 2.8 percent at 0724 GMT. Volkswagen said it will publish third-quarter results on Oct 27.

(Reporting by Victoria Bryan; Editing by Georgina Prodhan)
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