Volkswagen Sales Drops, Issues Second Profit Warning

Volkswagen has lowered its annual guidance for the second time in three months as Europe’s largest carmaker blamed “a challenging market environment” for weaker sales. The German group on Friday said it expected an operating profit margin of about 5.6 per cent in 2024, instead of a range of 6.5 per cent to 7 per […] The post Volkswagen Sales Drops, Issues Second Profit Warning appeared first on Transport Day Newspaper.

Berlin considering how to support German carmaker Volkswagen

- 20/Sep 17:09

German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the threat of job cuts. The...

Volkswagen slashes 2024 outlook amid sales crisis

newmobility.news - 30/Sep 09:19

For the second time, Volkswagen, Germany’s largest automaker, has cut its 2024 revenue and profitability forecasts, signaling a deepening crisis...

'Challenging': Kathmandu, Rip Curl owner takes hit

thewest.com.au - 25/Sep 03:44

KMD Brands, the owner of retail stores Kathmandu and Rip Curl, has acknowledged a "challenging sales environment" after 11 per cent sales drop in...

German Minister says Volkswagen must fix its own problems

citizen.co.za - 22/Sep 11:18

Slowing sales and Europe's growing disinterest in EVs as left the marque considering possible closure of some of its factories in Germany.

Weaker TIVs anticipated in the second half of 2024 as sales volume normalises

nst.com.my - 21/Sep 08:01

KUALA LUMPUR: RHB Investment Bank Bhd (RHB Research) anticipates weaker total industry volume (TIV) in the second half of this year as sales volume...

BOJ cuts rates to 6.5 per cent

jamaica-gleaner.com - 30/Sep 23:12

The Bank of Jamaica (BOJ) announced today that it dropped its key policy rate by 25 basis points to 6.5 per cent, marking its second rate cut since...