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VW: 2024 proving as tough as it feared

Jonathan Storey takes a deep dive into Volkswagen Group's Q2 2024 results   

VW Group began the year by forecasting tougher conditions and in July it trimmed its full-year margin forecast. So there was no great surprise in the Q2 drop in operating profit but the company said it would need to make significant cost-cutting efforts in H2 in order to meet its lowered target.

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