The German auto maker Volkswagen concluded the third quarter of this year with green figures. Like industry giants like Tesla and Daimler, Volkswagen benefited from the pick-up market in China. They helped automakers soften the pain of the coronacrisis a little.
Volkswagen, which also owns brands such as Skoda, Audi and Porsche, closed the measurement period with an operational result of 3.2 billion euros. This followed a loss in the second quarter of 2020 for the best selling car manufacturer in the world. In China, sales have returned to pre-crisis levels in recent months.
The continuing malaise in other markets such as Europe and North America and reinforced measures in Germany’s domestic market are hindering a broad recovery. Several automakers pointed out that the coming months will be difficult to predict.
In the second quarter, closures of showrooms and factories caused billions of losses in industry. It is also important for Volkswagen to maintain the production network. The car maker recently started rolling out the new electric model ID.3 and the latest wave to customers.
The Volkswagen brand was losing, partly due to the diesel scandal, in the first nine months of this year.