Recovery path: A man works at VW plant in Zwickau, Germany. VW’s operating profit before special items came in at 3.2 billion euros (US$3.8bil), rebounding from a loss in the second quarter. — AP
WOLFSBURG: Volkswagen AG (VW) returned to a profit in the third quarter, mirroring upbeat results of peers including Daimler AG and Tesla Inc as robust demand in China helped the car industry navigate the fallout from the Covid-19 pandemic.
Operating profit before special items came in at 3.2 billion euros (US$3.8bil), rebounding from a loss in the second quarter, the company said in a statement. VW also reported better-than-expected sales in the three months through September.
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