Volkswagen's Operating Profit Drops 42%
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Operating profitCNBC
•Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
74% Informative
Operating profit fell to 2.86 billion euros ( $3.1 billion ), while third quarter sales revenues slipped 0.5% year on year to 78.5 billion euros.
Volkswagen has been in hot water in recent months , warning of potential plant closures in Germany and scrapping a slew of labor agreements with local workers in September .
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