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Volkswagen profit plunges on high costs, Chinese slump
![Energy Daily]()
Thursday, 31 October 2024
![Volkswagen profit plunges on high costs, Chinese slump]() Frankfurt, Germany (AFP) Oct 30, 2024
Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China. Net profit fell to 1.58 billion euros ($1.7 billion) year-on-year, said the group, which is planning an unprecedented restructuring that could include thousands of job cuts. The German car giant - whose 10 brands range from it
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Thursday, 31 October 2024
Frankfurt, Germany (AFP) Oct 30, 2024