Volkswagen in crisis mode: profit collapsed by 31% in 2024!

Volkswagen in crisis mode: profit collapsed by 31% in 2024!

Hellmuth-Hirth-Str. 1, 73760 Ostfildern, Deutschland - Volkswagen recorded a significant decline in his profit in 2022. The group reported a profit of 12.4 billion euros, which corresponds to a decline of almost 31% compared to the previous year. The main reasons for this decline are the strong competition on the Chinese market and the high renovation costs, which include the closure of the Audi plant in Brussels. The operational result fell by 15% to 19.1 billion euros, while the margin fell from 7.0% to 5.9%. Despite this negative development, sales rose slightly by almost 1% to 324.7 billion euros, such as Remszeitung reported.

As part of the financial adjustments, the dividend is shortened by 30% to 6.36 euros per preferred share. Nevertheless, the Volkswagen employees receive a bonus payment of 4,799.50 euros, which represents an increase compared to the previous year when the bonus payment was 4,735 euros. Around 120,000 employees in Germany benefit from this bonus payment.

outlook for the coming years

for 2025 Volkswagen plans to grow sales of up to 5%. The operational return on sales should be between 5.5% and 6.5%. Nevertheless, the group faces challenges, including geopolitical tensions and trade restrictions. In order to adapt to the new market situation, VW intends to reduce investments from 2025 to 2029 to a total of 165 billion euros, compared to 180 billion euros in the previous period.

In addition, the Volkswagen Group plans a gradual dismantling of investments in internal combustion engines, while the flexibility in drive types is to be maintained. Another measure is the reduction of 35,000 positions at the core brand VW car by 2030. In a sign of solidarity, the board of Volkswagen 2025 and 2026 waives 11% of its salaries, with a gradual return to full remuneration from 2030.

uniform consumption and emission values ​​

Volkswagen points out that the consumption and emission values ​​contained in their reports do not stand for individual vehicles, but only serve comparative purposes between different vehicle types. Important factors such as additional equipment and accessories can influence the relevant vehicle parameters, and weather and traffic conditions and individual driving behavior also have a strong impact on fuel and power consumption as well as the CO2 emissions. Further information on official consumption values ​​is available in "Guide to fuel consumption, CO2 emissions and electricity consumption of new passenger cars", which is available at sales outlets and at DAT Deutsche Automobil Treuhand GmbH, as well as on Volkswagen Group .