FRANKFURT (Business) – On Wednesday, Volkswagen announced that it expected to be profitable on a full-year basis despite the coronavirus pandemic caused first-quarter earnings of the to plunge.
In earlier April, Volkswagen Group stated that car sales dropped by 23% on the year, causing operating profit to tumble 81% in the January to March period, forcing the car and trucks manufacturer to withdraw its outlook for 2020.
In February, Volkswagen aimed to achieve customer deliveries in line with the previous year, revenue growth of 4% in 2020 with slightly higher passenger car deliveries.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.