The first half of 2020 at a cost VW 1 billion euros

FineAuto
The first half of 2020 at a cost VW 1 billion euros

In the period from January to June this year the loss of the company Volkswagen has reached 1,019 billion euros against a profit of 7,168 billion euros recorded a year earlier. This is the actual statistics.

While the revenue of the group for the six months fell by more than 23 percent to 96,131 billion euros. Operating loss was 1.49 billion euros against a profit of 8,997 billion euros in 2019-th. The demand for the vehicles of the Volkswagen group for the analyzed months fell by 30 percent: fans of the automaker acquired 3,736 million cars.

//

As for the 2nd quarter, in this period, the Germans lost 1,536 billion euros, but a year ago, experts reported a profit in 4,115 billion euros. The company managed to earn 41,076 billion Euro (a 37% decline in revenue). Quarterly sales of the carmaker fell by 34.7% to 1,799 million cars.

In the company explain these figures pandemic COVID-19 and subsequent crisis of the industry. Imposed worldwide restrictions and quarantine measures have brought down car sales.

Previously our portal said that the Volkswagen Beetle can return with an electric motor. The legendary car was discontinued last year. The revival of the “Bug” in the new quality hints automaker filed the application for registration of a new trademark “e-Beetle”.

News tags