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Automobile

Volkswagen Faces Massive Second Half Loss Despite Low Margin Goal

Reported by Varun Krishnan (Senior Writer) · Google News - NZ Automobile (search) ·

✓ — also reported by Google News - Australia Automobile (search)

Volkswagen Faces Massive Second Half Loss Despite Low Margin GoalRepresentative image · Pexels

German automaker Volkswagen is dealing with a heavy financial hit after posting a loss of 2.8 billion euros during the second half of the year. This large deficit is currently masked behind the company's projected full-year operating return margin guidance of just one percent. Industry analysts point to these hidden figures as a sign of deeper financial strain within the major vehicle manufacturer as it navigates current market pressures and production costs.

Read more at Google News - NZ Automobile (search)