Despite fears of a lockdown following Covid’s second wave threat in many countries, the world ‘s best – selling car maker has confirmed a profit of 3.2 billion euros in the third quarter of this year.
The company, which suffered a loss in the second quarter, was saved by the Chinees car lovers. China’s growing demand has helped the car industry recover from the Covid-19 pandemic.
But the second wave of rising infections in North America and Europe and the partial lockdown in its domestic market at Germany, are raising slight concerns that whether it could affect a wider market recovery.
The Volkswagen breakthrough is seen as evidence that the car industry will not face such a frightening threat during the Pandemic era.
Carmakers Ford, BMW, Fiat Chrysler and Toyota have also reported better-than-expected sales in recent weeks. At the same time, the brewing giant Ann Heuser-Bush also made a profit, surpassing analysts’ estimates. The market is witnessing Royal Dutch Shell increasing its dividend.