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VW’s profit plunge sets stage for skirmish over plant closings

Operating profit plunged 42% to $3.1 billion

Bloomberg NewsbyBloomberg News
October 30, 2024
in Earnings
Reading Time: 2 mins read
0

Volkswagen AG cast its least-profitable quarter in years as cause for the first factory closures in Germany in its 87-year history, setting the stage for contentious negotiations with labor leaders. Operating profit plunged 42% to €2.86 billion ($3.1 billion) in the third quarter, with revenue also slipping from a year ago, Volkswagen said Wednesday. Its […]

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