BERLIN, Jan 14 (Reuters) – Volkswagen’s (VOWG_p. DE) , opens new tab unit sales fell 2. German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market. Tough Financial Results for VW in 2024 Volkswagen had seen a sharp falloff in third-quarter earnings with weak sales in China and flat sales in Europe, the two biggest markets for Volkswagen’s brands which face fierce competition from lower-cost Chinese electric vehicle makers now in both markets.Several factors have impacted the stock in recent quarters due to a weak macroeconomic environment, high domestic costs, soft EV demand, and growing competition from lower-cost Chinese players. Volkswagen’s U. S. President Donald Trump.Some manufacturing plants have reported alarmingly low utilisation of production capacity, with rates as low as 20–30%, while the company as a whole is operating at only two thirds of its capacity. As regards China, VW has recorded a sharp decline in sales due to strong domestic competition.Why is Volkswagen struggling financially? Both Volkswagen brand and Porsche have seen Chinese sales fall and given that China is where most German car companies earn most of their profits, this is a major worry.
What is the return on sales for VW in 2024?
The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5 percent. The operating return on sales for the Group is expected to be between 5. Volkswagen reported on Tuesday that it expected at best a slight increase in its 2025 operating profit margin, in a range of 5. EVs and combustion engine cars and constructing battery cell plants weighed on earnings.The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5 percent. The operating return on sales for the Group is expected to be between 5. In the Automotive Division, the Group expects an investment ratio between 12 and 13 percent in 2025.VW reported a 29% decline in sales for the second quarter of 2025 amid a challenging environment. Volkswagen of America didn’t have a great second quarter. The German automaker reported results for April, May, and June on Wednesday, revealing a 29 percent decrease in sales year-over-year.Thomas Schaefer, who heads the Volkswagen brand division, said German factories were not productive enough and were operating 25-50% above targeted costs, meaning some sites were twice as expensive compared to the competition. Volkswagen shares were down more than 1% after the announcement.While the crisis in the sector affects all global brands, German companies have been especially badly hit. Volkswagen has been reducing its production capacity, Mercedes-Benz has issued a profit warning and announced a cost-cutting programme and BMW’s value has dropped substantially over the past year.
What is the financial performance of Volkswagen in 2024?
The business division Volkswagen Group Mobility has concluded the 2024 financial year in a difficult and demanding market environment with a solid Operating Result of EUR 3. This marks a decrease of 7. Our future program ‘TOGETHER – Strategy 2025’ will make the Volkswagen Group more focused, efficient, innovative, customer-driven and sustainable – and systematically geared to generating profitable growth. We aim to create lasting value for all our stakeholders.With the “Zukunft Volkswagen“ (Future Volkswagen) agreement, Volkswagen AG agreed with employee representatives at the end of December 2024 on a vision for the future combining economic stability, employment and technology leadership in the field of sustainable mobility.Revenue for Volkswagen is projected to reach US$141bn in 2025. Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 2. US$154bn by 2029. Volkswagen unit sales are expected to reach 5.
What is the cheapest 2024 Volkswagen?
Starting prices: Jetta $21,435, GLI $28,085, plus destination charges. A ) The most popular Volkswagen cars in India include the Virtus, Golf GTI, Taigun. The Virtus is priced at 11. Lakh, the Golf GTI at 53 Lakh, and the Taigun at 11. Lakh.The Volkswagen Golf maintained its position as Germany’s best-selling car model at the start of 2025. It was followed by the VW T-Roc, Germany’s favorite SUV / Crossover and the VW Tiguan, the best-selling SUV Geländewagen. The VW Passat was the fourth most popular car model thus far in 2025.Volkswagen’s current best sellers in the United States are the Tiguan crossover and the Jetta sedan. Volkswagen of America (VWoA) reported Q2 2023 sales of 76,934, down 1.Volkswagen car price starts at Rs 11. Lakh for the cheapest model which is Virtus and the price of most expensive model, which is Golf GTI starts at Rs 53 Lakh.The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, Å KODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a wide range of further brands and business units including financial services.
Which car has the most sales in the world in 2024?
The Tesla Model Y was the best-selling car model in 2024, topping 1. It was followed closely by the Toyota Corolla. Overall global car sales grew to roughly 75. Toyota sells 10.Revenue of leading carmakers worldwide 2024. In terms of revenue, Toyota and Volkswagen were the leading automakers worldwide as of May 2024. In terms of vehicle sales, Toyota and Volkswagen are also counted among the most successful automakers worldwide.Best-selling car models worldwide in 2024. The Tesla Model Y was the best-selling car model in 2024, topping 1. It was followed closely by the Toyota Corolla. Overall global car sales grew to roughly 75.Considering full-year data for 2024, Toyota was still the best selling brand, with 9,09 million vehicles sold. Despite losing 0. Japanese giant maintained its decade-long leadership in the market, securing a 10.
What went wrong with Volkswagen 2024?
Volkswagen said Tuesday its profits nosedived in 2024 amid high costs and fierce Chinese competition as the German carmaker geared up for another tricky year navigating an industry transition and global trade tensions. VW reported a 29% decline in sales for the second quarter of 2025 amid a challenging environment. Volkswagen of America didn’t have a great second quarter. The German automaker reported results for April, May, and June on Wednesday, revealing a 29 percent decrease in sales year-over-year.Outlook for 2025 The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5 percent. The operating return on sales for the Group is expected to be between 5. This does not include any impact from tariffs recently announced.Amongst the three largest auto manufacturing groups based in Germany, Volkswagen Group produced the most revenue from worldwide operations in 2024 with nearly 325 billion euros generated.German carmaking giant Volkswagen is reeling from a massive sales and cost crisis and falling profits. It says it plans to scrap three plants and thousands of jobs in Germany.