Volkswagen Cuts Medium-Term Outlook For Operating Profit, Sales

The Wolfsburg-based company also cut its forecast for medium-term sales growth to 20% from more than 25%.

By Carandbike Team

1 mins read

Published on November 18, 2019

Follow us on

Highlights

German carmaker Volkswagen on Monday cut its medium-term outlook for operating profit as the industry is being hit by a global downturn. VW now expects operating profit before special items to grow by at least 25% in the 2016-2020 period, down from a previous forecast of more than 30%, slides for a presentation showed. The Wolfsburg-based company also cut its forecast for medium-term sales growth to 20% from more than 25%.

# Volkswagen # VW # Volkswagen operating costs # VW operating costs # Auto Industry

Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.

Great Deals on Used Cars

View All Used Cars

Explore More

Latest News
Related Articles

The updated ‘Mach 2’ version of Ultraviolette’s electric sports bike will debut roughly a year and a half after the market launch of the F77.

Ultraviolette F77 Mach 2 Launch Today: Updated F77 Likely To Have Higher Range

The 2024 Jawa Perak now gets enhanced performance, with reduced engine noise, vibration and harshness (NVH) levels, and a new crankshaft which is said to offer better engine refinement.

2024 Jawa Perak Now Gets Engine Updates To Improve Performance & Refinement

Ducati is synonymous with manufacturing high performance motorcycles and having a niche audience. With the coming of the new superquadro mono engine, will Ducati be able to unlock new markets and audiences?

Analysis: Can Ducati’s New Superquadro Mono Engine Unlock New Markets?

The new range-topping plug-in hybrid develops a combined 805 bhp and 1,419 Nm of peak torque and can sprint from 0-100 kmph in 2.8 seconds.

Mercedes-AMG GT 63 S E Performance Debuts With 805 bhp Plug-In Hybrid Powertrain

The Nexus, which recently completed the journey from Kashmir to Kanyakumari, will be the first premium electric scooter from Greaves Electric Mobility, and also its most expensive offering yet.

Ampere Nexus Electric Scooter To Be Launched On April 30; Likely To Replace Primus

Official pictures of the upcoming Range Rover Electric have been revealed as the SUV undergoes testing in extreme cold and hot weather conditions in various parts of the world.

Range Rover Electric Previewed Ahead Of Debut; New Traction Control System To Enhance All-Terrain Capability

The Carens was originally tested in 2022 before Global NCAP adopted its current more stringent testing norms.

Kia Carens Lands 3 Stars In Global NCAP Crash Tests After 0 Stars In Initial Test

The second-gen Amaze, which secured a four-star rating under Global NCAP’s older protocol in 2019, has now received a two-star adult protection rating under the new, more stringent test rules.

Honda Amaze Bags Two Stars In 2024 Global NCAP Crash Tests; Given 0 Stars For Child Protection

Bajaj Auto has teased the upcoming Pulsar NS400 ahead of its launch on May 3, 2024. It will be the biggest, most powerful iteration of the Pulsar yet.

Bajaj Pulsar NS400 Teased Ahead Of Launch

The upgraded Vantage develops 656 bhp and 800 Nm of torque and is the fastest iteration of the sports car till date.

New Aston Martin Vantage Launched In India; Priced From Rs 3.99 Crore