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

VW suffered from a loss but expects to return with profits until the year end


Volkswagen has suffered an operational loss of EUR 800 million from the coronacrisis in the first six months of the year. Both factories and showrooms in many important markets closed at that time. However, the German company, which includes brands such as Audi, Seat, Skoda, Bentley and Lamborghini, thinks it can be profitable throughout this year.

The coronacrisis reduced turnover by a quarter to 96.1 billion euros. Volkswagen insisted on its strong expectation in april that the annual turnover was “significantly” below last year’s level.

The operational loss was also marked by last year’s figures. Then there was an operational profit of EUR 10 billion. VW believes that the recovery started in the second half of the year continues and still leads to an annual profit.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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