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Volkswagen sees sales slump in China, vows rebound this year

Por: Associated Press Tech May 04, 2023

FRANKFURT, Germany (AP) — Volkswagen profits fell 30% in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German automaker is facing . After-tax profit fell to 4.7 billion euros ($5.2 billion) from 6.7 billion euros in the first quarter of last year, the Wolfsburg-based company said Thursday. The number of vehicles sold rose 7.5%, to 2.04 million. Revenue jumped... + full article



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