Volkswagen Diesel-gate creates an opportunity for long-term investors willing to accept higher risk.
No-moat-rated Volkswagen reported preliminary headline numbers for 2016. The company usually issues a year-end press release with very few details and then provides a full set of financial statements in a presentation to investors in the second week of March. Consolidated revenue, which includes financial services, increased 2% to EUR 217 billion from EUR 213 billion last year. Record volume of 10.3 million units represented a 4% increase versus the prior year. Operating profit excluding special...
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