Volkswagen Lifts FY21 Margin View After Strong Q1 Profit; Stock Down

Volkswagen Lifts FY21 Margin View After Strong Q1 Profit; Stock Down

RTTNews

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German automaker Volkswagen AG on Thursday raised its forecast for fiscal 2021 operating margin after reporting a significant growth in first-quarter profit with strong revenues and deliveries. The company also projects significantly higher revenues and deliveries in the full year. Meanwhile, Volkswagen shares were losing around 2 percent in German trading.

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