Volkswagen Q3 earnings 2019


14 May 2019, Berlin: At Volkswagen’s Annual General Meeting, a VW employee is plugging a charging cable into a VW Passat with plug-in hybrid technology.

Michael Kappeler | picture alliance | Getty Images

Volkswagen Group reported stronger-than-anticipated third-quarter earnings on Wednesday, but lowered its outlook for 2019 vehicle deliveries citing a “challenging market environment.”

The world’s biggest automaker posted operating profit of 4.5 billion euros ($5 billion) for the third quarter of 2019. That compared with operating profit of 2.7 billion euros a year earlier. Analysts polled by Reuters had expected third-quarter operating profit to come in at 4.4 billion euros.

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