NewsVolkswagen sees profit slip 50 percent in Q2 due to one time Porsche effect
FRANKFURT, Germany - German automaker Volkswagen AG says net profit fell 50 per cent 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. Excluding the Porsche effect, the company's operating earnings rose 1.8 per cent …