In the third quarter, German automaker Volkswagen reported an increase in net profit 2.7 times compared with the same period last year to 2,670 million euros. The revenue figure of 55 billion 200 million euros did not reach experts' forecasts of 55 billion 570 million euros. Operating profit amounted to 2 billion 710 million euros, an increase of 57.6%. Among the factors that adversely affected the quarterly indicators, the company noted a trade war between the United States and China, as well as new rules for testing harmful emissions in Europe. Deliveries of cars to customers fell by 3% compared to the third quarter of last year to 2,600,000 cars.
Tesla surges 20%, gets boost from Panasonic’s quarterly profit increase03.02.2020
China’s industry reports first profit decline in 4 years08.01.2020
Samsung Electronics says profit may fall less slightly than analyst expectations20.12.2019
Nike quarterly revenue surges, North America sales hit lower-than-expected