FRANKFURT, GERMANY Volkswagen makes $ 10.7B amid pandemic

Volkswagen said Friday it made better than expected profit of 8.8 billion eur os ($10.7 billion) after tax in 2020 despite the pandemic. The world's No. 2 automaker said t he rapid recovery of China, its largest single market, and resilient sales of luxury vehicles helped the bottom line.

The company gave an up beat outlook for this year, saying it would carry momentum from the stronger second half of the year over into earnings going forward.