Bentley didn't do very well either.

Volkswagen Group’s first quarter financial report contains some positive signs but also some very bad news. On one hand, the overall automaker saw operating profit increase 3.4 percent to 3.44 billion euros ($3.8 billion) compared to 3.23 billion euros last year. However, the VW brand alone cast a long shadow over this bright spot because profit fell to 73 million euros ($81.3 million) from 514 million in Q1 2015.

"In light of the wide range of challenges we are currently facing, we are satisfied overall with the start we have made to what will undoubtedly be a demanding fiscal year 2016,” Matthias Müller, Chairman of the Board of Management of Volkswagen Group, said in the financial announcement.

According to Automotive News Europe, part of the reason for VW brand’s dire numbers is that the division is taking on the emissions-related costs for other automakers in the group. By doing this, the corporation can focus all the pain on one of its companies and let the rest continue to grow.

In general, the other VW Group brands performed well in Q1. Porsche’s operating profit jumped to 895 million euros ($997 million) versus 765 million euros last year. Skoda and Seat also posted gains. Audi’s operating profit suffered a slight drop to 1.3 billion euros ($1.45 billion) versus 1.4 billion euros in Q1 2015. VW Group said this was partially because continued investments in new products, technology, and production locations. Bentley reported a massive 54 million-euro ($60 million) loss versus a 49 million-euro profit last year “due to the decline in vehicle unit sales,” VW group’s report said. For greater detail, you can read the company's financial announcement below. 

Source: Volkswagen Group, Automotive New Europe

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