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Volkswagen is back on the wave of success
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It was a production ready for a movie. The clear message: Volkswagen is back on the wave of success. To underline this, VW boss Herbert Diess climbed onto a hydrofoil – a kind of electric surfboard. With it he drove over the Wolfsburg Mittelland Canal and wished all VW employees a great vacation during the upcoming company holidays. Volkswagen had previously raised its outlook for 2021 after a record profit in the first half of the year. The operating return is expected in the group between six and 7.5 percent and thus half a percentage point higher than previously forecast, announced the Wolfsburg on Thursday. In contrast, the group dampened expectations for deliveries due to the lack of semiconductors. However, Volkswagen is still assuming a “noticeable” increase over the previous year. In the first half of the year, Europe’s largest automaker brought almost five million vehicles to customers worldwide, around 28 percent more than in the weak period of the previous year. The electric offensive is increasingly gaining momentum, said Diess. The operating result after six months was 11.4 billion euros and thus above the previous record in the same period of the pre-crisis year 2019 of almost ten billion.
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“We are keeping the pace high, both operationally and strategically,” said CEO Herbert Diess.
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