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Earnings season 2017: POST forecast for Volkswagen

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Staff Writer | March 14, 2017
Earnings season   Auto industry

Volkswagen (VW) group reached record operating profit before special items last year, mostly powered by record deliveries of Audi and Porsche models.

The company cut fixed costs by about $320 million in Germany alone last year, but on the other hand the company is still deeply involved in Dieselgate and money is pouring out.

However, the company is still healthy and entering the electric cars market aggressively. POST forecast for Q4 is EPS $0.74 and revenue $59.17 billion.

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