2023-05-12 06:11:47 ET
- Volkswagen Group ( OTCPK:VWAGY ) deliveries soared 39.4% Y/Y in April, bringing the total number of vehicles shipped worldwide that month to 720,200.
- The hike in deliveries was led by a 79% Y/Y surge in China to 255,700 cars.
- In Western Europe, deliveries rose 28.7% Y/Y to 254,700 cars.
- For January-April, the company's deliveries grew 14.3% Y/Y to 2.76M units.
- Last week, after the company reported strong Q1 results, Arno Antlitz, CFO, Volkswagen Group, said: “Volkswagen Group has made an encouraging start to 2023 with strong growth in revenues and operating profit before negative valuation effects from commodity hedging transactions. Based on this solid performance and an order book of 1.8 million vehicles at the end of Q1, we confirm our financial outlook for 2023.”
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Volkswagen Group April deliveries up 39.4% Y/Y, led by 79% rise in China deliveries