Volkswagen boosts earnings in 2022, high inventory drags down cash flow1 min read . Updated: 08 Feb 2023, 07:50 AM IST
Volkswagen on Tuesday said its earnings margin were higher than expected for 2022 at 8.1% while sales and earnings were higher than the 2021 levels despite facing supply chain disruptions
Volkswagen AG's earnings margin was at the upper end of its forecast for 2022 at 8.1%, with sales and earnings above 2021 levels despite supply-chain turmoil dragging its net cash flow far below target, the carmaker said on Tuesday.
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