Although it remains profitable, the Volkswagen group – which includes Audi, Porsche, Bugatti and Bentley – has revealed declining results for the first half of 2022. The German manufacturer’s premium division, on the other hand, performed particularly well.
The Volkswagen group’s sales volume fell by 14% worldwide to 4 million units compared with 4.66 million a year earlier, as did vehicle deliveries, which fell by 22.2% between January and June, to 3.87 million vehicles compared with 4.98 million in 2021.
However, the group’s turnover increased by 2% to 132.3 billion euros, while its net profit soared by 25.8% to 10.6 billion. Moreover, its operating margin increased to 10% from 8.8% at the end of June 2021.
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