Volkswagen and Air France show Covid rollercoaster still in effect

Volkswagen has raised its earnings outlook despite Covid disruptions, but Air France-KLM needs more money

Volkswagen has raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the car making industry will become more pronounced in the second quarter.

“We started the year with great momentum and are on a strong operational course,” chief executive Herbert Diess said.