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Volkswagen profits hit lowest level since 2016 as it plans
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Updated 4d ago |
Created 5d ago
German automaker VW announced on Tuesday that its net profit for the full year ended December 2024 fell nearly half compared with a record high of €9 billion last month and reached an all-time low since Dieselgate scandal erupted back then, amounting to only $687 million or about £531m.
Key Points
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1Volkswagen reported a record drop in its annual profit for the year ending December 31, reaching €6.9 billion.
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2The company's net income fell by approximately half compared to previous years and represents its lowest level since the Dieselgate scandal of 2015-2017.
Developments
Mar 14:38
Volkswagen announced a net profit drop of nearly half to €6.9 billion in fiscal year ending March, the lowest level since Dieselgate (2015-2017).
Feb 10, 08:39
The German automaker plans to cut up to 50,000 jobs across its operations by end of fiscal year.
Perspectives
Volkswagen announced a drop of nearly half in its net profit for the year, reaching an all-time low since the diesel scandal crisis.
— [Mar 10, 23:59] Béne_fice en chute libre... (Partner-feeds.20min.ch)
Volkswagen despedirá a 50.000 trabajadores para ahorrar 6.000 millones de euros al año
Lavozdegalicia.es
5d ago