Volkswagen (VLKAY) Stock Closes Up as North American October Sales Increase 6.8%
NEW YORK (TheStreet) -- Volkswagen (VLKAY) stock close higher by 0.67% to $25.57 on Friday, after the company reported October sales increased 6.8% year-over-year in North America, with 80,500 vehicles sold, despite the ongoing emissions scandal.
The company has admitted to irregularities in carbon dioxide emissions and to the presence of defeat devices in some diesel-powered vehicles.
Total sales declined 3.5% last month to 831,300 vehicles, driven by a 1.5% drop in European sales.
October sales of Volkswagen-branded passenger cars, the vehicles most affected by the emissions irregularities, decreased 5.3% year-over-year to 490,000 vehicles.
Volkswagen's second largest brand, Audi, saw a 2% rise in sales to 149,200 cars.
Additionally, Volkswagen confirmed 430,000 vehicles are affected by irregular carbon dioxide emissions, which are higher than what was reported during testing.
The initial number of cars affected, which are all 2016 models, was about 800,000 vehicles.
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