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Automakers

VW scraps 2020 forecast, expects Q1 profit to fall 81%

VW hq web.jpg
TS
By:
TOM SIMS and EDWARD TAYLOR
R
By:
Reuters
|
April 16, 2020 01:09 PM

FRANKFURT -- Volkswagen Group withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop an expected 81 percent in the first quarter.

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