Volkswagen withdraws outlook after first-quarter operating profit drops 81%

FRANKFURT (Reuters) - Volkswagen Group on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first quarter.Operating profit fell to 0.9 billion euros, which would be an 81% drop from 4.84 billion last year, and the group's return on sales margin is expected to be around 1.6%, down from 8.1% in the first quarter of 2019. The full year outlook "can no longer be achieved", Volkswagen said. VW said negative..