Volkswagen made $12 billion in 2020 despite the pandemic

The world’s largest automaker said in a statement on Friday that it expects operating profit of €10 billion ($12.2 billion) for 2020, a performance helped by a strong finish to the year. After losing €1.4 billion ($1.7 billion) in the first six months of 2020, Volkswagen (VLKAF) “proved to be quite robust in the second half,” it added. Fourth quarter deliveries “continued to recover strongly” and outpaced the previous three months.

Volkswagen made nearly twice as much money in 2019, posting a profit of €19.3 billion ($23.5 billion) on sales of €252 billion ($306.6 billion). But shares in the company

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