Volkswagen revealed the new ID.4 electric SUV on Sept. 23, 2020— the brand’s first long-range EV to be sold in the U.S. Volkswagen Volkswagen’s profit almost halved last year due to the impact of the pandemic, but a rebound in premium car sales in China and stronger deliveries in the fourth quarter helped keep the world’s largest carmaker in the black. The group said on Friday operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 billion), compared with 19.3 billion in 2019. Analysts had expected an operating profit of 4.8 billion euros, according to Refinitiv Eikon data. Net cash flow at its automotive division was around 6 billion euros and car deliveries picked up towards the end of the year, the German group said in a statement. […] Sales at Volkswagen rose 1.7% in December, at a time when new car registrations in Europe dropped nearly 4%, data from the European Automobile Manufacturers’ Association showed.
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