Automakers

VW warns of risks from Ukraine crisis as operating profit doubles

VW ID3 production Dresden
VW has been forced to cut output at German factories on parts shortages. Shown is production of the ID3 electric hatchback in Dresden. (Matthias Rietschel/REUTERS)
R
By:
Reuters
March 11, 2022 07:04 PM
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Click here for a roundup of how Russia’s invasion of Ukraine is impacting the auto industry.

FRANKFURT -- Volkswagen Group doubled its operating profit in 2021 but warned that Russia's invasion of Ukraine and its impact on supply chains could hit business this year in unforeseen ways.

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