Volkswagen cuts 2024 outlook on macroeconomic headwinds
FRANKFURT (Reuters) – Volkswagen on Friday cut its annual outlook, citing a weaker-than-expected performance of its passenger car division as well as a deteriorating macroeconomic environment.
Europe’s largest carmaker now expects a profit margin of around 5.6% in 2024, down from 6.5-7% previously.
More
European nations snub Swiss-made weapons over Ukraine restrictions
More
Switzerland now has a Professor of Gender Medicine. She’s here to stay.
More
Swiss reject biodiversity and pension reform proposals
More
Construction starts on first large-scale solar park in Swiss Alps
