Supply of key components such as semiconductors had improved but transport and logistics delays weighed on the first half, Volkswagen said.
Still, it expected significantly shorter waiting times in the second half and said demand was stable with order books full at 1.65 million vehicles.
Reuters GraphicsWorldwide, the Volkswagen Group delivered 2.3 million vehicles in the period from April to June, 18% more than in the same period last year.
The focus for the second half is now on strengthening net cash flow," said Chief Financial Officer Arno Antlitz.
In May, Volkswagen said it had sold its shares in Volkswagen Group Rus to Art-Finance, which is supported by autodealer group Avilon.
Persons:
DAX, Arno Antlitz, Cupra, Miranda Murray, Rachel More, David Goodman
Organizations:
VW, BERLIN, Volkswagen, Benz, Renault, Graphics Worldwide, Volkswagen Group, VW Commercial Vehicles, Skoda, Audi, Lamborghini, Bentley, Ducati, Reuters Graphics Reuters, Rus, Art, Finance, Victoria, Thomson
Locations:
Kaluga