Volkswagen’s profit drops by half in 2020

Operating profit, excluding dieselgate-related charges, is around 10 billion euros.

German automaker Volkswagen announced on Friday an operating profit, excluding dieselgate-related charges, of around 10 billion euros for the year 2020, down nearly 50% due to the pandemic.

The group, which reports preliminary and partial results, had generated an operating profit in 2019 excluding exceptional effects of 19.3 billion euros. After the plunge in sales during the first half of the year, he is pleased with a second half “fairly robust».

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