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Dragxito@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

Volkswagen Down 59%, Loses $50 Billion in Market Cap, Profits less than half of 2012: Why Is Volkswagen Losing the Car Market Race?

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Volkswagen Down 59%, Loses $50 Billion in Market Cap, Profits less than half of 2012: Why Is Volkswagen Losing the Car Market Race?

www.arktrek.shop

Dragxito@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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Volkswagen, once the world's leading automaker delivering millions of vehicles annually, now faces a challenging landscape. The company, known for iconic brands like Audi and Porsche, has seen its reputation and financial performance suffer in recent years.A pivotal moment came with the emissions scandal, which significantly eroded trust in the brand. This translated into a decline in net income, nearly halving since 2012. The stock price reflects a similar trajectory, plummeting 59% in just two
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    1 year ago

    Lol

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