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Volkswagen continues to benefit from significant recovery in the automotive industry, adding that it will generate about 11bn in operating profits for the first six months of the year.
The initial figure is more than € 10.6bn by car manufacturer by 2020, and € 9.6bn from the first half of 2019.
In a nutshell, VW, the world’s second-largest volume maker, also announced a $ 10bn release for six months at the end of June.
But a company from Wolfsburg, which also owns brands including Audi, Porsche and Seat, warned that “the semiconductors bottle has changed and will. [the second half of the year]”.
This week, the German car park, VDA, said it was expected A few 400,000 cars can be manufactured in this country in 2021, mainly due to chip shortages. Volkswagen has said it expects its decline to be “six-digit”.
In response to a shortage of basic necessities, VW said it had prioritized the production of the largest brands, which helped to address the economic crisis.
The growing demand for used cars also contributes to the company’s profits for financial services, he added, which provides credit to customers.
“A quarter later, these guys are really doing a good job,” said Arndt Ellinghorst, a researcher at Bernstein.
“It’s very refreshing to see a huge amount from a traditional manufacturer,” he added. “It’s a lot harder than other Spac currencies flying today.”
VW figures come despite a decline in car sales in China, its largest market. The group has also registered a frustrating deal in the world of their electric car, ID. 3 and ID. 4, as household appliances consume more in the local market.
But the company benefited from a wide range of subscriptions in Europe, where stocks are higher than in other regions, as well as strong sales in the US.
Last month, VW revealed that contributions between January and May rose by 33% worldwide, compared with last year. Man and Scania brands have registered enormous growth, with sales increasing by 68% and 61% respectively.
VW shares were up more than 3% on recent forecasts. The Company is due to release the full financial report by the first half of the year on July 29th.
As of Friday, Volkswagen executives voted to extend the contract of Herbert Diess chief executive until their 67th birthday, in October 2025.
Diess, a former BMW executive who joined the group in 2015, has made the company € 35bn of electric cars. He survived two conflicts with powerful corporations, which opposed his spending plans, last year.
Last month, a report sent by VW confirmed that Diess was in the room in 2015 when her follower was informed of the availability of “Diesel “that can hide air tests, but the report concluded that soon after joining BMW, Diess “had reason to trust that Volkswagen’s competent corporations and partners…
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