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Volkswagen looks to cut costs after steep profit drop

DeFi Daily News by DeFi Daily News
October 30, 2024
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#volkswagen #yahoofinance #automobile

Volkswagen (VWAGY) is looking to cut costs after posting disappointing third quarter results. The company saw a 42% decline in operating profit in the quarter due, in part, to a steep drop in China demand. Labor representatives recently said the automaker plans to close 3 German plants due to its struggles. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance: Market Coverage, Stocks, & Business News
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– Get the latest news and data at finance.yahoo.com

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Tags: BondsbusinessCostsCurrenciescutdropEquitiesFXInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsProfitSavingsSteepStock marketstocksVolkswagenYahoo FinanceYahoo FInance Premium
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