Volkswagen to navigate another tricky year after 2024 profit plunge
Volkswagen AG, which comprises 10 different automobile brands, said its earnings in 2024 were hit by high costs as it faces a stuttering shift to electric vehicles, weak demand in Europe and fierce competition from local rivals in the key market China.
Volkswagen AG, which comprises 10 different automobile brands, said its earnings in 2024 were hit by high costs as it faces a stuttering shift to electric vehicles, weak demand in Europe and fierce competition from local rivals in the key market China.