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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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[–] Buffalox@lemmy.world 10 points 5 months ago (1 child)

They were merely the first that were caught doing it. Turned out EVERYBODY was doing it.
But maybe you were forgetting that?

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[–] shane@feddit.nl 4 points 5 months ago (1 child)

I saw reporting on VW deliberately cheating. I didn't forget the others... since I didn't see any reporting on it.

I can believe it, but I didn't hear about it.

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

IDK why you didn't, I don't care to dig it all up for you, so I'll just leave an article about Toyota which is the biggest competitor to VW.

Toyota unit to settle emissions scandal for $1.6bn:
https://www.bbc.com/news/articles/c62666374l4o

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