Volkswagen reports huge pre-tax profit despite Covid-19 disruption

Volkswagen sold more electric vehicles (Volkswagen/PA)

German car maker Volkswagen has said it made a better than expected post-tax profit of 8.8 billion euros (£7.6bn) in 2020 despite the disruption from the Covid-19 pandemic.

The company said the rapid recovery of China, its largest single market, helped the bottom line, as did resilient demand for luxury cars.