Volkswagen slashes 2024 outlook as car demand weakens, cites market challenges, tough labour talks

Quick Summary:

Volkswagen now expects profit margin of around 5.6 per cent Outlook cut comes amid tough pay talks with unions BMW,...

The fate of the auto industry and pressure from China are global issues, hitting Europe’s car elite that has struggled with keeping plants running at full capacity.

The problems have also challenged Germany’s tested model for consensual relations with powerful unions, seen as a strength in times of growing demand but turning into a liability of sorts when cost increases outpace salary expectations.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermany

Topics: Outlook Volkswagen AG Forecast Car sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 15:10:35 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 22758747

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 13 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions