World number two in the automobile industry behind Toyota, Volkswagen maintains its place on the podium, but without making any sparks.
On Wednesday, during the presentation of the results for the year 2023, its leaders sought to shine the spotlight on the good news.
This year, Volkswagen will launch thirty new vehicles.
Never seen.
The group sold 10% more cars in 2023 than the previous year: 9.4 million exactly.
Turnover has also increased.
It reached 322.3 billion euros, or 15% more than in 2022. But the operating profit remained desperately flat at 22.6 billion euros due to the negative hedging effects on raw materials for a amount of 3.2 billion euros.
As a result, the group's operating margin was reduced by one point, reaching only 7%.
A performance much lower than that of Stellantis (12.8%), champion of all margin categories, but also of Renault (7.9%), whose situation…
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