Volkswagen returns to profit in North and South America

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The Volkswagen Group could have sold significantly more cars in China in 2021 but was hindered by the ongoing semiconductor shortage, added the carmaker in a statement.

Volkswagen also said that the brand had achieved a turnaround in South America and reported a positive result for the first time since 2013, as well as returning to profitability in North America after several years in all three markets.