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Volkswagen keeps 2022 outlook as chip supply expected to improve second half -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – View from the depot tower in Dresden of Volkswagen’s electric ID.3 vehicle, Germany. June 8, 2021. Photograph taken using a fisheye lens. REUTERS/Matthias Rietschel

FRANKFURT – Volkswagen (ETR): Europe’s leading carmaker has maintained its outlook for this year. It cited strong results in the first quarter and an increase in the supply of chips for the second half.

According to the company, sales are expected to increase by 8-13% in 2022 and operating profits margins of 7.0%-8.5% for 2022.

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