If you thought Volkswagen AG automotive group was one of the strongest there is, especially after the devastating crisis hitting the auto industry last year, you should think again. In a time of job cuttings and plant closures, VW group bought half of Porsche AG and announced its 25.8bn EUR three-year investment plan, building quite the dominant image in the auto industry.
Volkswagen AG just unveiled it has suffered a 71 percent drop in operating profits last year, exceeding the company’s ini… (read more)