Volkswagen CEO Martin Winterkorn said that the multi-brand automotive group “urgently” needs higher profit to help fund future expansion, according to Reuters.
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BING NEWS:
- Volkswagen Earnings Slump 20% on Muted Sales, Higher Costs
Volkswagen AG’s first-quarter earnings fell more than expected after waning car sales and the cost of introducing new models weighed on profitability.
04/29/2024 - 6:30 pm | View Link - Volkswagen sticks to 2024 targets despite 20% drop in first-quarter profit
Europe's top automaker Volkswagen on Tuesday reported a 20% drop in first-quarter operating profit weighed by lower sales volumes and higher costs.
04/29/2024 - 6:11 pm | View Link - Volkswagen Group Profit Slides on Lower Sales Volume Higher Costs
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.
04/29/2024 - 5:51 pm | View Link - Volkswagen profit drops 20% in first quarter on lower sales
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.
04/29/2024 - 3:27 pm | View Link - More
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