VW enjoys robust sales in second half of 2020 despite Covid-19
Robust demand in China, VW’s largest market, helped it rebound as it pushes aggressively into electric cars to challenge Tesla
22 January 2021 - 14:21
Frankfurt — Volkswagen (VW) said a robust sales recovery in the second half of last year led to strong annual earnings despite fallout from the Covid-19 pandemic.
Operating profit before special items related to the diesel-emissions scandal fell to about €10bn last year, VW said in a statement on Friday, from €19.3bn in 2019. Automotive net cash flow shrunk almost in half to about €6bn...
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