41 days ago • Posted by Martin Boujol

VW raises sales forecast for 2021, but warns on growing chip shortage

Volkswagen AG raised its earnings outlook after a solid start in 2021, but they are also warning that the chip shortage might do even more damage in the second quarter than the first. They raised their operating return on sales forecast to 5.5%-7% this year from 5%-6.5%.

Source: Bloomberg

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VW raises sales forecast for 2021, but warns on growing chip shortage
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