Operating profits at VW fall by €500m, while Stellantis reports 14% decline in revenues
The carmakers Volkswagen and Stellantis suffered financial hits in the third quarter of 2021 as the automotive sector continued to struggle with the global shortage of computer chips caused by coronavirus pandemic disruption.
Operating profits at VW, the world’s largest carmaker by output, fell by €500m (£420m) in the third quarter of 2021. It made €2.8bn before one-off items between July and September, down from €3.2bn in the same period last year.
