Tag: restructuring costs
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Volkswagen Group | Nine-month Results Impacted by Higher Fixed Costs and Restructuring Provisions
Volkswagen’s revenue for the first nine months of 2024 was impacted by increased fixed costs and restructuring expenses in a challenging market. While the automotive segment saw a 1% revenue decline, overall Group sales rose by 0.9% year-on-year to €237.3 billion, mainly due to growth in Financial Services. Operating profit dropped from €16.2 billion to…