EV maker reported a 37% decrease in adjusted earnings, its smallest profit in two years.
Analysts reaffirm the company's market rating because of the improved forecast.
Volkswagen's supervisory board will convene Tuesday to discuss a proposed cost-cutting initiative ahead of investor meeting.
Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.
Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
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