Volkswagen on Friday reported heavy losses for 2015 as the fallout from the emissions scandal which has engulfed the carmaker took its toll.
The net loss for last year stood at 1.582 billion euros ($1.77 billion). Shares in the group dropped 6 percent following the news.
The firm said the cost of provisions to cover the emissions scandal had risen to 16.2 billion euros from a previous estimate of 6.7 billion euros.
It expected 2016 sales revenue for the Volkswagen Group to be down by as much as 5 percent year-on-year.