October 30, 2019 / 6:40 AM / a month ago

VW lowers 2019 outlook for vehicle deliveries as demand cools

FRANKFURT, Oct 30 (Reuters) - Volkswagen lowered its full-year outlook for vehicle deliveries warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and Porsche cars.

Nine month adjusted operating profit rose to 14.8 billion euros, up from 13.3 billion euros, the carmaker said.

VW said a slowdown in global demand would result in Volkswagen Group vehicle deliveries in 2019 to be in line with year-earlier figures, adjusting its earlier forecast which had expected a slight increase. (Reporting by Edward Taylor, editing by Riham Alkousaa)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below