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Volkswagen wiped out the Covid-19 effect and returned to its 2019 form

2021-05-07T19:42:50.355Z

China, the first market for the German manufacturer, continues to derive its sales and margins. Volkswagen has already regained its pre-Covid shape. And he can say thank you to China. The Middle Empire, which had already allowed it to stay in the green in 2020, pulled its sales in the first quarter. These increased by 61.4% compared to last year. China is indeed the first market of the German giant. A huge advantage compared to manufacturers like Renault or even Stellantis, absent from the c



Volkswagen has already regained its pre-Covid shape.

And he can say thank you to China.

The Middle Empire, which had already allowed it to stay in the green in 2020, pulled its sales in the first quarter.

These increased by 61.4% compared to last year.

China is indeed the first market of the German giant.

A huge advantage compared to manufacturers like Renault or even Stellantis, absent from the country, who cannot take advantage of its strong recovery.

Volkswagen's other driving force was the United States, with sales growing 26.9% in the first quarter.

The American automobile market has also regained its dynamism.

On the other hand, Western Europe has not recovered: the sales of the German group are down 5.9%.

In total, Volkswagen's turnover reached 62.4 billion euros in the first quarter, surpassing that of 2019 in the same period (60 billion euros).

The same goes for


operational profit, which

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Source: lefigaro

All business articles on 2021-05-07

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