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Volkswagen profits almost halve in 2025 (p.dw.com)

submitted 5 months ago by schizoidman@lemmy.zip to c/europe@feddit.org

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In its annual figures, the company said that earnings fell from €12.4 billion ($14.45 billion) to €6.9 billion year on year.

Volkswagen CEO Oliver Blume said the VW Group would cut "around 50,000 jobs by 2030" across Germany.

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[–] boeckling@piefed.social 1 point 5 months ago (1 child)

I agree - in the long term they might endure but they have to adapt and overcome their own tardiness this far.

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[–] Buffalox@lemmy.world 3 points 5 months ago

Kind of weird to call VW late (tardiness), when they completely dominated the EV market in EU in 2025.
VW had very attractive EVs already 5 years ago, while Toyota the worlds biggest car manufacturer only arrived with something last year!
China has been moving very fast, and has a development cadence that is 3 times faster than Tesla.
No western manufacturer can match that, but VW is probably among the closest.

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