Volkswagen Shares Dive As Profits Disappoint Investors And Fall In The 3rd Quarter

Volkswagen shares dived almost 4-1/2% after profits dived in the microchip-shortage ravaged 3rd quarter. VW and its mass market and premium brands said operating profits fell 12% to €2.8 billion in the 3rd quarter, compared with the same period of 2020. The profit margin dropped to 4.9% from 5.4.
Volkswagen shares dived almost 4-1/2% after profits dived in the microchip-shortage ravaged 3rd quarter. VW and its mass market and premium brands said operating profits fell 12% to €2.8 billion in the 3rd quarter, compared with the same period of 2020. The profit margin dropped to 4.9% from 5.4.