Volkswagen Tightens Guidance After 3Q Revenue Rose

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Volkswagen Tightens Guidance After 3Q Revenue Rose
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The German car maker expect deliveries to customers at between 9 million and 9.5 million vehicles

By Andrea FiguerasVolkswagen maintained its estimates for sales revenue in a range of 10% to 15% higher than the prior-year figure.Volkswagen AG tightened its guidance for the year after it said revenue rose in the third quarter and the first nine months of 2023.

The German car maker now expects an operating result before special items at a similar level to last year’s 22.5 billion euros , which VW said at the time was a return on sales of 8.1%. Earlier this year, the company had said it expected an operating return on sales for 2023 of between 7.5% and 8.5%.Continue reading your article with

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