Volkswagen’s profits fell by nearly a third last year Foreign countries

Volkswagen, Europe’s largest car manufacturer, said Tuesday that the company’s operating profit fell to EUR 12.4 billion last year. This is 30.6 percent less than in 2023.

Despite the fact that sales rose to EUR 324.7 billion.

Volkswagen’s profit has been reduced by growing production costs and a competition from China.

Source: AFP

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