Today news
About the same in other media
05.11 - 18:07
Germany's Volkswagen shares tumble after margin downgrade
Reading now: 660
(Reuters) — Volkswagen (ETR:VOWG_p) shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors.
Blaming negative effects from raw materials hedges, Europe's largest automotive group on Friday indicated a return on sales of 7.0-7.3%, down from 7.5-8.5% forecast previously. Volkswagen kept its outlook for deliveries and sales.
Volkswagen shares fell 2.9% in Frankfurt by 0732 GMT, leading fallers across the European auto sector, which was down 0.5%.
Read more on investing.comAbout this in other media
BitGo Secures Digital Asset Custody License in Germany cryptonews.com /6 months ago
US crypto custody firm BitGo wins BaFin license in Germany: Report cointelegraph.com /6 months ago
Germany’s economic model is sputtering. So are its banks livemint.com /6 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
