Volkswagen stock price slips despite a return to profit

Shares of Volkswagen (ETR: VOW) slipped about 1% today despite better-than-expected earnings for the prior quarter.  Fundamental analysis: China facilitates a rebound in sales The German car giant reported earnings before tax of approximately €2.4 billion for the third quarter of the year, recovering ground after reporting losses of over €1 billion in the first half of 2020. While measures against the coronavirus pandemic certainly delivered results, the carmaker’s “business continued to be heavily impacted by the COVID-19 pandemic in first nine months,” said Frank Witter, President and Chief Financial Officer of VW Credit Inc. The German automaker said its