Volkswagen withdraws 2020 outlook after renvenue drop 8% in first quarter

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Volkswagen withdraws 2020 outlook after renvenue drop 8% in first quarter
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Volkswagen Group on Thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused ...

FRANKFURT: Volkswagen Group on Thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused a fall in demand and group revenue to drop 8 per cent in the first quarter of this year.

Volkswagen said it expected first quarter revenue at around €55 billion , down from 60.01 billion euros in the year-earlier period.

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