Mon, 23 Oct 2023 10:17:33 GMT
Volkswagen shares react to margin changes
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook.
Volkswagen has announced that due to its blunder in raw material price hedging it expects a return on sales of 7.0-7.3%. The new margins are a downgrade from the precious 7.5%-8.5%.
Meanwhile, the company expects the previously