Name: Volkswagen's profit halves, deliveries recovering
Uploaded: 2021-01-23T18:25:07.000Z
Duration: 1 min 13 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Past perfect

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.

Sentences with advanced comparative

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.

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. 