(February 27, 2017) WOLFSBURG, Germany — The Volkswagen Group appears to be making progress with overcoming the diesel engine crisis. In 2016, the company’s operating business presented a very robust performance even though earnings were impacted once again by negative special items.
Before special items, the Group exceeded its original forecasts. Sales revenue in fiscal year 2016 rose by EUR 4.0 billion ($4.23 billion) to EUR 217.3 billion ($230 billion). At EUR 7.1 billion, the group’s operating result, which had slipped into the red in the previous year due to the diesel issue, was back in strongly positive territory.