Stock Groups

Volkswagen returns to profit in North and South America -Breaking

by Mike Robinson

[ad_1]

© Reuters. The official world premiere for the all-electric ID was attended by journalists and other guests. Buzz. Paris, France. March 9, 2022. REUTERS/Benoit Tessier

BERLIN (Reuters) – The Volkswagen (DE:) Group has a 16% share of China’s market in 2021, and the VW brand is back to profit in North America and South America according to the German carmaker.

Volkswagen Group would have been able to sell significantly more Chinese cars in 2021, but the continuing shortage of semiconductors hampered sales.

Volkswagen reported that South America had seen a brand turnaround and it was reporting a positive result. It also stated that North America has returned to profitability, after having been in decline for several years.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]