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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%.
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By car&bike Team

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1 mins read

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Published on November 18, 2019

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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 Google News

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