Volkswagen's profit collapses in the first quarter of 2013: the German group has practically halved its profit in the first three months of the year, a sign that the crisis that is scourged the European automotive sector has now also affected the leader of the continental market.
The Volkswagen brand alone, which accounts for half of the 46,6 billion in sales made from January to March, saw its profit fall to 590 million euros. The operating margin of the entire group decreased from 4,1% in the first quarter of 2012 to the current 2,4%.
