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Volkswagen posts quarterly profit despite drop in sales

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"The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. Witter said the takeover of U.S. truck maker Navistar International Corp by Volkswagen's trucking unit Traton SE was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales

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Volkswagen posts quarterly profit despite drop in sales originally appeared on Autoblog on Thu, 29 Oct 2020 09:45:00 EDT. Please see our terms for use of feeds.

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