Volkswagen: the end of a German industrial myth?
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Volkswagen is considering closing three factories in Germany, potentially leading to significant job losses and salary reductions. The company also reported a 63.7% drop in third-quarter net profit.
November 14, 2024 | 6:00 pm
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Volkswagen is facing significant challenges with potential factory closures in Germany, leading to job losses and salary cuts. The company also reported a 63.7% drop in Q3 net profit.
The potential closure of factories and job losses in Germany are significant negative factors for Volkswagen, indicating operational challenges. The 63.7% drop in Q3 net profit further highlights financial difficulties, likely leading to a negative short-term impact on VWAGY stock.
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