Volkswagen reported a net loss of $1.9 billion on Wednesday; its first quarterly loss in 15 years, according to CNN Money.
The German automaker's profits are down from about $3 billion dollars a year ago, CNN Money reported.
In the wake of the emission's scandal the "clean diesel" car maker saw a 3.7 percent drop from the third quarter sales of 2014, noted National Public Radio. This percentage includes all of VW's divisions, such as Porsche, Bentley and Audi.
Matthias Müller, the new CEO of the Volkswagen Group, reassured shareholders and the public that the company will do its best to rebuild its dependable reputation prior to the emissions scandal, The Guardian reported.
"We are leaving no stone unturned to find out what exactly happened and to make sure nothing like this ever happens again,” Müller told analysts and investors.
"The figures show the core strength of the Volkswagen Group on the one hand, while on the other the initial impact of the current situation is becoming clear," Müller added. "We will do everything in our power to win back the trust we have lost."
Müller plans for VW to focus on profitability in the future rather than sales volumes as his predecessor Martin Winterkorn who lead the company and faced critics who said that his plan inadvertently caused the cheating emissions scandal trying to meet company sales goals.
