German automaker Volkswagen downsized its target after sales fell.
While the answers to the economic crisis in the world are showing itself day by day, brands continue to shape their future targets according to this economy. In this context, after the earnings announced on Thursday, Volkswagen announced that they focused on increasing revenue in the second half.
At the meeting, where it was announced that the forecasts made did not meet the results, it was stated that the profit amount of the enterprise was 5.6 billion Euros. It was stated that this rate remained below the expected and that the targets will be calculated again in the coming days.
In this direction, Volkswagen has also reduced its sales target and announced that they will focus their sales targets on the Chinese market. While it is underlined that Chinese sales are 40% compared to global sales, it is aimed to expand this market further.
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