Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

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Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

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Related

Volkswagen profit plunges 64% as China sales slide

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

Gaming the system? Verstappen incident shows overtake rules need urgent overhaul

Volkswagen Could Close 3 Plants in Germany to Cut Costs

For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

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