World, As Seen from the most beautiful islands: Ireland and Cyprus

VW ends the third quarter in green


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.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

Contact us

Feel free to give us a tip: [email protected]

Recent Posts