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VW urges Germany to help boost car demand as coronavirus drags down profit

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Volkswagen urged the German government on Wednesday to help boost demand for cars as the coronavirus pandemic triggered a plunge in first-quarter operating profit and the world's biggest automaker warned of a difficult second quarter. "We need a swift decision on buyer incentives," Chief Financial Officer Frank Witter said, ahead of a meeting between politicians and lobbyists in Berlin to decide on a potential stimulus plan to revive demand. Volkswagen also warned a planned dividen

Continue reading VW urges Germany to help boost car demand as coronavirus drags down profit

VW urges Germany to help boost car demand as coronavirus drags down profit originally appeared on Autoblog on Wed, 29 Apr 2020 08:10:00 EDT. Please see our terms for use of feeds.

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