Many VWs won’t be recalled for almost a year, as Porsche profits tumble

Many of the 400,000 UK Volkswagen cars affected by the emissions scandal will not be recalled until next September, the company said yesterday.

VW dealers will be working to clear the backlog of modifications through next year, but those with 1.6 litre engines, said to be around 400,000, will be called in from late September, VW’s UK boss Paul Willis told the transport select committee in a letter, The Times reported.

Meanwhile, profits at Porsche, which owns a controlling stake in Volkswagen, have plunged in the wake of the emissions scandal.

Porsche’s pre-tax profit more than halved to €1.19bn (£841m) for the nine months to 30 September. Porsche warned last month that profits would be hit by the revelations, which affect 11 million VW Group vehicles worldwide.

The company said it now expected to make a net profit of between €800m and €1.8bn this year, significantly lower than the €3.03bn profit Porsche posted for 2014.

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