VW Cuts Profit Outlook After China Sales Slump, Costs Rise Volkswagen's latest profit outlook has taken a significant hit due to slumping sales in China and rising costs.
The German automaker expects its 2023 operating margin to come in at around 7. 5%, down from an initial forecast of 9. 5%.
This revision is largely attributed to the decline in sales in China, where VW has struggled to keep pace with the rapidly growing electric vehicle market.