VW Expects 'significant' Revenue Increase In 2021


VW expects 'significant' revenue increase in 2021

Frankfurt am Main, (UrduPoint / Pakistan Point News - 26th Feb, 2021 ) :German auto giant Volkswagen on Friday said it expected to see a "significant" sales increase this year as the industry bounces back from the coronavirus shock.

The 12-brand group also announced a net profit of 8.

8 billion Euros for 2020, a 37-percent plunge on the year before.

VW said it had been badly hit by global lockdowns in the early days of the pandemic, but the damage was mitigated thanks to a swift rebound in the key Chinese market.