VW eyes 2021 sales rebound

Volkswagen expects revenues to recover this year.

Volkswagen expects deliveries, revenues and margins to rebound strongly this year as the Covid-19 pandemic eases, after an almost halving in profits in 2020 that was still better than the German carmaker originally expected.

The global number two carmaker after Toyota, Volkswagen is spending tens of billions of euros to reinvent itself as a leader in the market for electric vehicles, where Tesla has stolen a march on established rivals.