Volkswagen Profit Warning: Margin Cut to 1% After Restructuring Deal
nobel.observer
Volkswagen slashes profit margin forecast to 1 per cent and takes €6bn Porsche write-down after doubling global job cuts to 100,000.

Volkswagen has slashed its profit margin forecast to a maximum of 1 per cent, down from an earlier projection of 4 to 5.5 per cent, following a hard-won agreement with its works council to double global job cuts to 100,000.

0