Reported 25 days ago
Volkswagen has set an internal target to increase the profit margin for its VW car business to 6.5%, a significant rise from the previously reported 2%. This goal is part of a broader initiative aimed at enhancing cost efficiency and performance by 2025, although it does not have a specific deadline. Recent financial reports indicated that the operating margin for Volkswagen's VW brand was 2.1% for the first nine months of 2024, or 3% when adjusted for special items.
Source: YAHOO