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.
The coronavirus plunged car makers around the world into one of the deepest crises in recent years and added to struggles the industry was already facing before the pandemic with softening demand for cars and soaring costs for technology.
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