Volkswagen sees profit slip 50 percent in Q2 due to one-time Porsche effect

  • by: DAVID McHUGH , AP Business Writer
  • Updated: July 31, 2013 - 5:55 AM

FRANKFURT, Germany — German automaker Volkswagen AG says net profit fell 50 percent in the second quarter compared to the previous year, when earnings were boosted by a one-time accounting plus related to its takeover of Porsche.

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