Volkswagen plans more cost cuts amid lower deliveries and waning EV demand
Baua Electric
AUGUST 1, 2024
Audi , a key profit center, earlier this month lowered its profitability goal after sales slumped. Aside from stagnating demand in China, EV sales have cooled after governments in several countries pulled subsidies and inflation sapped consumer spending. New models assist 2H, bar Porsche which is hit by 911 supply constraints.
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