Volkswagen's luxury division Audi will miss its benchmark for profitability this year as costs for the diesel emissions scandal and possible recalls of cars fitted with Takata Corp airbags are weighing on results. First-half operating profit at Audi plunged 18 percent to 2.4 billion euros ($2.66 billion), including 265 million euros of special items which pushed down the brand's operating margin to 8 percent from 9.8 percent a year ago, Audi said on Friday. Audi, the main contributor to VW group profit, added 165 million euros of provisions in the second quarter for its emissions scandal and effects of potentially faulty Takata airbags, raising the amount of funds set aside for both issues since last year to 563 million euros, a spokesman said.
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VW’s Audi will miss 2016 profitability goal