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Volkswagen lowers sales outlook as third-quarter earnings beat expectations

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The world's biggest automaker posted operating profit of 4.5 billion euros ($5 billion) for the third quarter of 2019.

Analysts polled by Reuters had expected third-quarter operating profit to come in at 4.4 billion euros.

14 May 2019, Berlin: At Volkswagen's Annual General Meeting, a VW employee is plugging a charging cable into a VW Passat with plug-in hybrid technology.reported stronger-than-anticipated third-quarter earnings on Wednesday, but lowered its outlook for 2019 vehicle deliveries citing a "challenging market environment."

"Despite the gain in market share, the Volkswagen Group anticipates that vehicle markets will contract faster than previously anticipated in many regions of the world."

 

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