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 cent it had forecast. The downgrade came after VW lowered its target in July, citing costs to shut down an Audi plant in Belgium.
VW has said it is considering plant closures in Germany for the first time in its 87-year history as the carmaker has grappled with a decline in vehicle demand in Europe and the rise of cheaper Chinese brands.
您已阅读26%（651字），剩余74%（1814字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。