VW lowers 2019 outlook for vehicle deliveries as demand cools

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FRANKFURT (Reuters) – Volkswagen (DE:) lowered its full-year outlook for vehicle deliveries warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and Porsche cars.

Nine month adjusted operating profit rose to 14.8 billion euros, up from 13.3 billion euros, the carmaker said.

VW said a slowdown in global demand would result in Volkswagen Group vehicle deliveries in 2019 to be in line with year-earlier figures, adjusting its earlier forecast which had expected a slight increase.

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