{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Volkswagen brand suffers profit drop after emissions scandal' data-url='/boclips/videos/6878e82e8802842c0ca29a56' data-video-url='/boclips/videos/6878e82e8802842c0ca29a56' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nVolkswagen brand suffers profit drop after emissions scandal\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThere was a big profit drop for the Volkswagen brand in the wake of its emissions scandal. For all of 2016, underlying operating profit just for VW fell 11.1 percent to 1.9 billion euros. That was revealed in the breakdown of the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThere was a big profit drop for the Volkswagen brand in the wake of its emissions scandal.\u003cbr/\u003e\u003cbr/\u003e For all of 2016, underlying operating profit just for VW fell 11.1 percent to 1.9 billion euros.\u003cbr/\u003e\u003cbr/\u003e That was revealed in the breakdown of the previously published Volkswagen group’s profit for 2016, which did hit a record for the year – excluding one-off items – of 5.14 billion euros. \u003cbr/\u003e\u003cbr/\u003e That was helped by a strong performance by Porsche, with a nearly 14 percent rise in earnings to 3.9 billion euros, and a turnaround at its Scania trucks business.\u003cbr/\u003e\u003cbr/\u003e Chief executive Matthias Mueller told the group’s annual news conference: “2016 was not the supposed horror year for Volkswagen, which we had initially expected. We have achieved a great deal; in the operational business and with essential requirements for the future. Despite having a lot of work to do, Volkswagen is back on the right track.”\u003cbr/\u003e\u003cbr/\u003e Though he also admitted VW faces years of lawsuits from its cheating over diesel engine emissions tests. \u003cbr/\u003e\u003cbr/\u003e  Volkswagen pleads guilty in U.S. court in diesel emissions \u003ca href='https://t.co/FFOWrcwY15' target='_blank' rel='nofollow'\u003escandal.\u003c/a\u003e Lied cheated polluted for Profit. SNAFU #ntpol— Robert Roehlen (@RobertRoehlen) March 11, 2017\u003cbr/\u003e\u003cbr/\u003e With more than 22 billion euros set aside to pay for the scandal, the group – which encompasses 12 different marques – has been cutting costs and jobs as it streamlines operations.\u003cbr/\u003e\u003cbr/\u003e Analyst Frank Schwope with Nord LB Bank was asked about the good results. He said: “They are partly down to the spending reduction measures already  achieved, also because it has a strong model line up, and as customers seem able to forgive the mistakes, and have not punished the company for those deceptions.”\u003cbr/\u003e\u003cbr/\u003e Also being cut following the emissions-cheating scandal is top executives pay. \u003cbr/\u003e\u003cbr/\u003e The total bosses remuneration bill dropped 37 percent. \u003cbr/\u003e\u003cbr/\u003e VW brand boss Herbert Diess received 3.93 million euros last year compared with 7.13 million euros in 2015.\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv 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