Volkswagen Issues Second Profit Warning this Year, Signaling Troubled Times for the Carmaker

Volkswagon AG has managed to make it to the headlines again, but for all the wrong reasons. This German automotive giant gave the second profit warning for 2024 on September 30, showing underlying cracks in what was hitherto almost a bulletproof business model. Volkswagen's move indeed raises several red flags both for investors and industry watchers, signaling the deeper issues in the company's operational mechanics and market responsiveness.

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