One of the auto-manufacturers giants, Volkswagen announced a delay in publishing its 2015 annual results – reason behind might be its emission scandal.
Earlier, the results were due to get release on 10th of March. The automaker further stated to reveal a new date as soon as possible as it does not like the fact of analysts being in a waiting que. Similarly, giving deep consideration to shareholders, the company probably will reschedule its shareholders meeting; that was earlier set at 21st of April 2016.
“The delay is due to remaining open questions and the resulting valuation calculations relating to the diesel emissions issue.” –Volkswagen
The automaker also confirmed that it is looking forward to its operating results before special products for year 2015 in consensus with that of year 2014; within an expected range no doubt.
Moreover, the company stated to be in constant efforts to investigate emission scandal and resolve it by mid of April this month.
“The timing of the report clarifying the background and responsibilities connected to the diesel emission issue is not affected by this decision.”– Volkswagen
Not to mention, there has been a 3.7% rise in sales of petrol cars, 0.6% in diesel vehicles, and 32% in alternatively fueled vehicles, like electric cars.
“January’s solid performance puts the new car sector in a good position to start the year.” -Society of Motor Manufacturers and Traders’ chief executive officer, Mike Hawes
According to Google Finance: Volkswagen sales fell sharply in United Kingdom last month following a customer backlash over diesel emissions scandal. Sales of new Volkswagen-branded cars fell by 14% year-on-year last month, reducing the company’s market share in one of its successful markets i.e. UK.Seat sales fell 25%, while Skoda’s were down 2.4%. Audi sales, however, increased 1.4%.
