November 4, 2024
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Volkswagen Shares Hit 24-Year Low following Costs and EV Challenges
Volkswagen’s Q3 earnings missed expectations, pushing shares to a 24-year low as the company grapples with rising costs, declining EV demand, and intense competition in China. To address financial strain, Volkswagen has announced factory closures and layoffs, while adjusting its annual forecast amid regulatory and geopolitical challenges.