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VW Bounces Back but Warns About Infections in Europe and U.S.

VW Bounces Back but Warns About Infections in Europe and U.S.

BERLIN—Volkswagen AG, the world’s biggest car maker by sales, on Thursday became the latest to report a higher-than-expected profit while warning that

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BERLIN—Volkswagen AG, the world’s biggest car maker by sales, on Thursday became the latest to report a higher-than-expected profit while warning that rising coronavirus cases and fresh lockdowns were threatening the rebound.

Global auto makers have made considerable headway since the summer, but that progress is now being endangered by the trajectory of the pandemic. In Europe, new Covid-19 infections are at record levels and still rising, causing governments to impose new lockdowns.

Even…

This post first appeared on wsj.com

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