VW Profit Warning Hits Shares, But Opinion Mixed On Prospects

Volkswagen’s shares were hammered by about 5% Monday after its profit warning late last week but rallied later in the day as analysts reckoned things could be worse.

Volkswagen cut its profit outlook for 2024 Friday to around 5.6% from the previous expectation of between 6.5 and 7% and lowered its sales expectations to close to 9 million compared with its previous forecast of an up to 3% rise from 9.24 million in 2023.

To know more: https://www.forbes.com/sites/neilwinton/2024/10/01/vw-profit-warning-hits-shares-but-opinion-mixed-on-prospects/