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  • the world's largest carmaker, Volkswagen reported a near 50% drop in it 2020 adjusted operating profit on Friday, but there were signs of hope as it said deliveries had recovered some ground in the fourth quarter.

  • Full year operating profit, excluding costs related to its diesel emissions scandal, came in a $12.2 billion.

  • Its shares, which had been down as much as 2% turned positive and were up over 4% by early afternoon.

  • Sales at the German giant rose 1.7% in December at a time when new car registrations in Europe dropped nearly 4%.

  • But like its rivals, Volkswagen faces numerous challenges from lockdowns.

  • It's also being impacted by a global shortage of chips needed for production.

  • VW foresees tough competition in developing electrified and self driving cars.

  • The merger of Fiat, Chrysler and Persia owner P S.

  • A.

  • To create the world's fourth biggest automaker, Stella Antis, adds to the pressure.

  • Volkswagen said this week that it missed you targets on carbon emissions from its passenger car fleet last year.

the world's largest carmaker, Volkswagen reported a near 50% drop in it 2020 adjusted operating profit on Friday, but there were signs of hope as it said deliveries had recovered some ground in the fourth quarter.

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B1 volkswagen profit operating fourth fiat merger

Volkswagen's profit halves, deliveries recovering

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    林宜悉 posted on 2021/01/23
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