Plus   Neg

Volkswagen 2019 Worldwide Vehicle Deliveries Edges Up

Volkswagen Group said it delivered 10.8 million vehicles worldwide in 2019, up 0.9 percent from 2018.

Volkswagen said it sold slightly less light commercial vehicles worldwide in 2019.

In an investor presentation, Herbert Diess, the chairman of the board of management of Volkswagen Group, said that the company now expects vehicle deliveries in 2019 to be slightly above prior year. It was previously expected that annual vehicle deliveries to be on a level with the previous year.

Looking ahead for fiscal 2019, the company continues to expect sales revenue to exceed the prior-year figure by as much as 5 percent. It also still expects an operating return on sales of between 6.5% and 7.5% before special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Bank of Montreal (BMO, BMO.TO) announced Tuesday that its Board of Directors declared a quarterly dividend of C$1.06 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2020. The dividend is payable on May 26, 2020, to shareholders of record on May 1, 2020. The... Expedia Group Inc.(EXPE) plans to eliminate about 12 percent of its workforce or 3,000 jobs, following its disappointing 2019 business performance, according to reports citing an internal email from Expedia. The Job cuts will include around 500 at its Seattle headquarters. Cargill, a privately-held food and agriculture company, said Monday it will launch new private label plant-based patties and ground products in order to meet the growing global demand for protein. The new products will hit retailers and restaurants in early April. Cargill said that the plant-based protein products were developed through extensive consumer research and innovation.
Follow RTT