Volkswagen returns to profit on robust demand in China
VW’s results add to growing evidence that the motor industry has dealt with the pandemic better than feared
29 October 2020 - 18:46
Frankfurt — Volkswagen (VW) returned to profit in the third quarter, mirroring upbeat results of peers including Daimler and Tesla as robust demand in China helped the car industry navigate the fallout from the Covid-19 pandemic.
Operating profit before special items was €3.2bn, rebounding from a loss in the second quarter, the company said on Thursday. VW also reported better-than-expected sales in the three months through September...
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