Volkswagen profits almost halve in 2025

https://lemmy.zip/post/60494767

Volkswagen profits almost halve in 2025 - Lemmy.zip

> In its annual figures, the company said that earnings fell from €12.4 billion ($14.45 billion) to €6.9 billion year on year. > Volkswagen CEO Oliver Blume said the VW Group would cut “around 50,000 jobs by 2030” across Germany.

No worries.

They just found 6 mrd. € the other month and wanted to pay dividends to shareholders and give a bonus to the management.

mrd ??
mrd. = Milliarden = billion