VW ditches outlook after COVID-19 hammers first-quarter profit

FRANKFURT (Reuters) - Germany's Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81% in the first quarter.The carmaker, like others in the sector, halted production at some sites last month as governments around the world imposed lockdowns on their populations to stem the spread of the virus.The measures to contain the movement of people have impacted car sales and profit in the first..