VW is projecting revenue to climb as much as 15% on the back of a similar increase in vehicle deliveries. The company sees operating returns as high as 8.5% — roughly on par with last year’s result, but better than analysts expected. The shares jumped the most since last March.
Mercedes-Benz AG, Renault SA and Stellantis NV reported healthy profits in the past weeks on high prices and orders they accumulated during the height of the supply-chain crisis. The strong results come amid concerns over waning demand later this year as record inflation and slowing economies increasingly squeeze car buyers.
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