Learn more

The head of Volkswagen’s VWC commercial vehicles unit on Monday predicted a difficult second half of the year following strong sales in the first. “We are aware that many markets are currently cooling,” VWN head Carsten Intra said during the IAA Transportation commercial vehicles trade fair in Hanover. “The second half year will be challenging,” Intra said. During the first half, VWC deliveries were up 11.5% on the same period last year, with adjusted operating profits up 43% to €641 million ($713 million). The return on sales came in at 7.9%. The figures were boosted by strong orders for the …

cuu