Volkswagen Throws Forecasts Out The Window - Expects 81% Decline In Profit In Q1

Volkswagen Group withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop an expected 81 percent in the first quarter.

The pandemic brought vehicle production and sales to a halt at factories in key markets including China and Germany.

Read Article

MDarringer - 4/16/2020 7:33:46 PM

+1 Boost

Bless their hearts.

atc98092 - 4/17/2020 9:18:18 AM

+1 Boost

Well, that applies to pretty much all of them. VW isn't alone in the sales crater.

MDarringer - 4/17/2020 10:08:47 AM

+1 Boost

But I can't think of the company that deserves it more than VWAG.