Thursday, July 30, 2020

Volkswagen Warns On FY20 Results After Q2 Loss; Cuts Dividend; Stock Down

Shares of Volkswagen Group were losing around 7 percent in German trading after the automaker reported Thursday a loss in its second quarter compared to prior year's profit with sharply lower deliveries. Going ahead, the company anticipates fiscal 2020 operating result, before and including special items, to be severely lower than in previous year.

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