VW's Skoda deliveries fall 31%, expects markets to stabilise
Reuters
Published Jul 31, 2020 05:47AM ET
PRAGUE (Reuters) - Skoda Auto expects its global markets to stabilise gradually as long as the coronavirus pandemic does not worsen significantly worsen, Volkswagen's (DE:VOWG_p) Czech carmaker said on Friday, after reporting a 31% drop in first-half deliveries.
"In June we were able to make significant gains compared to the previous months," Skoda's board member for sales, Alain Favey, said.
"We expect a recovery in the third quarter and anticipate a return to the previous year’s level in the fourth quarter."
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Written By: Reuters
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