VW profits plunge and deep job cuts loom amid tough Chinese competition
Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the Germ
VW profits plunge and deep job cuts loom amid tough Chinese competition is one of the latest updates being tracked by Novexa News from The Guardian Business. Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal...
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Source: The Guardian Business via theguardian.com - https://www.theguardian.com/business/2026/jul/24/vw-profits-plunge-and-deep-job-cuts-loom-amid-tough-chinese-competition
