German auto maker said there were signs of a recovery in markets from Western Europe to the U.S.
BERLIN—Volkswagen AG slashed its proposed dividend Thursday after swinging to a net loss in the second quarter, but the world’s biggest car maker by sales also said there were signs a recovery was under way in markets from Western Europe to the U.S.
Volkswagen, which also makes the Audi and Porsche brands, posted a net loss of €1.61 billion in the second quarter ended June 30, compared with a net profit of €3.96 billion the same period a year earlier. Revenue fell 37% to €41.08 billion from €65.19 billion as...
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