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Volkswagen cuts 2024 forecast amid weak car demand

Volkswagen has revised its 2024 forecast downward for the second time in three months, citing underperformance in its passenger car division and increasing pressure on Europe’s top automaker. The company now anticipates a profit margin of around 5.6%, down from a previously projected 6.5-7%, falling short of the 6.5% predicted by analysts. Sales are also […]

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