US EditionVolkswagen Lowers Forecast Again on Waning Car Sales
16 Articles
16 Articles
The crisis-ridden Volkswagen Group has cut its forecast for the second time within a few months.
The next piece of bad news: The struggling Volkswagen Group is once again lowering its outlook for the current financial year. The Wolfsburg-based company is expecting even fewer cars to be sold. Instead of an increase in deliveries of up to three percent compared to the previous year's figure of 9.2 million vehicles, the Wolfsburg-based company is now only expecting around nine million sales, as VW announced on Friday after the stock market clo…
For the second time in just a few months, the Volkswagen Group has reduced its expectations for the financial year, citing lower sales figures as the reason.
Sueddeutsche Zeitung
Magazine, Healty And Sport NewsEurope's largest car manufacturer is slipping deeper and deeper into crisis. Now Volkswagen has had to revise its targets even further downwards - the core brand is primarily to blame for this.
There is more bad news for Volkswagen. Until now, the group had expected sales to remain up to five percent above the previous year's level. Now the carmaker is lowering its forecast - and expects worse sales figures than in 2023.
The group explains that the results are weaker than expected, especially for the core brand VW Passenger Cars. In addition to sales figures, the company is also revising sales and margins downwards.
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