VW Postpones Release of its Financial Results

The Guardian is making this look like a bombshell. Eh. Any company would do this given the Dieselgate circumstances. The financial results had been due to be released on March 14.

The Guardian:

Volkswagen has postponed the release of its financial results and annual meeting with shareholders because of the diesel emissions scandal.

The German carmaker said it was still trying to establish the cost of the emissions affair, which could run into tens of billions of euros.

The company has admitted installing defeat devices in 11m vehicles to cheat diesel emissions tests. As a result, it faces the prospect of having to pay out fines and compensation to customers.

VW had been due to post results on 10 March and hold its annual meeting on 21 April.

VW:

Volkswagen will set a new date for the publication of the annual accounts for fiscal year 2015 due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue.

Meanwhile, at Audi…
Audi Continues To Hum Along Despite VW Scandal

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