Volkswagen reports a drop in profit, Škoda Auto has improved – News

In the first quarter of the German automobile concern Volkswagen, the profit after tax fell by 29.9 percent year-on-year to 4.7 billion euros (110.5 billion CZK). The group’s revenues increased by 21.5 percent year-on-year to 76.2 billion euros (1.8 trillion CZK).