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According to Reuters, operating profit fell to 0.9 billion euros, which is an 81% decrease from 4.84 billion last year.
Volkswagen said that forecasts for the whole year could no longer be fulfilled.
Volkswagen now expects 55 billion euros (59.83 billion dollars) in first-quarter revenue, down 8% from 60.01 billion euros in the same period last year.
Volkswagen will release full business results for the first quarter on April 29, 2020.
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