Volkswagen AG's third-quarter earnings fell short of analyst expectations, with earnings per share at €3.34, a 67% drop year-on-year. Despite revenue of €78.36 billion slightly exceeding expectations, overall sales growth is hindered by a 7% decline in global deliveries. The company faces challenges from increased competition, particularly in China, and has announced plans to close factories and lay off employees. Volkswagen's financial outlook for 2024 has been revised downward, anticipating lower net cash flow and sales revenue. Market reactions have led to a significant drop in share prices, reflecting investor concerns over profitability and high investment demands. Teljes cikk (Euronews.com)