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 ??

A billion is called a milliarde and abbreviated mrd., md. or mia. in different countries.

The amercian-english billion substituted the milliarde in e.g. finance speak, but isn’t dead, yet. E.g. there is still the british-english milliard.

We should just use SI-prefixes with currencies, so we’re talking about 6 G€ here, or six gigaeuros.

so we’re talking about 6 G€ here, or six gigaeuros.

I’m so behind this concept.

The K prefix is used very often, e.g. 100 k€ is 100,000 €