Volkswagen to focus on improved net cash flow in H2

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“In the first half of the year, we achieved solid financial results and took major steps to improve our competitiveness. The focus for the second half is now on strengthening net cash flow,” said Chief Financial Officer Arno Antlitz.

The carmaker still aims to hit full-year net cash flow of between 6 billion and 8 billion euros ($6.66 billion-$8.88 billion) and has taken measures to ensure it meets the lower end of this range, after reporting a muted 2.5 billion euros in the first half.

Volkswagen (ETR:VOWG_p) now expects full-year deliveries in a range between 9 million and 9.5 million vehicles, instead of the around 9.5 million units previously forecast, due to the uncertain economic situation.

($1 = 0.9013 euros)