Volkswagen cuts key profitability target amid workforce downsizing
Volkswagen said it was cutting a key profitability target for the year as it scrambles to contain fallout from multiple challenges and significantly downsizes its workforce.
Volkswagen said it is cutting a key profitability target for the year as it moves to contain the fallout from a series of challenges that have forced it to significantly downsize its workforce. The German carmaker said Friday that it expected an operating result in the current year that would be below its prior estimate, according to the source text.