Volkswagen Seeks to Regain Edge in China as It Cuts Delivery Forecast

The Numbers Volkswagen said its after-tax earnings fell by 20 percent in the first half of the year, to 8.5 billion euros, or $9.45 billion, compared with the same period last year. But overall revenue increased 18.2 percent as the company stemmed some of its losses in China, where deliveries were down 1.2 percent. Western Europe provided the company with its strongest business, with 1.65 million vehicles ordered in the first half of the year, and 200,000 of them — or 12 percent — were electric vehicles, the company said.…