Volkswagen Group lowers 2024 operating return forecast to 6.5-7% due to potential Audi Brussels site closure.
Volkswagen Group lowers its 2024 forecast for operating returns to 6.5-7% from 7-7.5%, due to potential Brussels site closure affecting Audi's electric high-end car production. Total unexpected expenses for the 2024 financial year may reach up to €2.6bn ($2.8bn). Audi's Brussels site faces structural challenges and a consultation process on alternative solutions will commence, including potential cessation of operations.
July 09, 2024
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