Due to the impact of the epidemic, the Volkswagen Group and other businesses of the brand have been hit, and the sales volume and income of the group have declined.

according to the data, from January to June this year, the sales revenue of Volkswagen Group was 96.1 billion euro (about 790.9 billion yuan), a year-on-year decrease of 23.2%; the pre tax profit dropped to 1.4 billion euro (about 11.5 billion yuan). In this regard, Volkswagen believes that it is due to the decline in demand for cars.

what’s more, Volkswagen Group said that in the first half of the year, the special project expenditure caused by diesel emissions was 700 million euro (about RMB 5.75 billion yuan), accounting for half of the group’s pre tax profit.

from another perspective, Volkswagen’s net profit in the first half of the year was almost used to deal with the “diesel emission scandal”, including the payment of fines and various judicial litigation expenses.

in terms of sales volume, the situation of Volkswagen is not optimistic. According to the data, in the first half of this year, the cumulative global sales volume of Volkswagen was 3.8931 million, down 27.4% year-on-year. And six years later, the first half of the year was overtaken by Toyota, which sold 4.164 million vehicles in the first half of the year.

in the face of such a bad start to the year, the Volkswagen Group expects that the sales volume of this year is expected to decline compared with that in 2019, and the sales revenue will also decrease. However, Volkswagen Group believes that the full year operating profit is still expected to achieve positive growth, but the return rate is lower than the previous forecast of 9%.