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

Agent009 submitted on 4/16/2020 Auto Spies Photos Timestamp: 11:20:15 AM

Views : 9,946 | Category: Auto Sales | Source: | SOURCE: www.autonews.com

SHARE THIS ARTICLE

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


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

About the Author

Agent009

"Normal is an illusion. What's normal for the spider is chaos for the fly."

— Agent009 (View Profile)