On March 11, local time, the Volkswagen Group released its 2024 financial report, which revealed that the group's net profit after tax for 2024 was 12.4 billion euros, a decrease of 30.6% compared to the previous year. In 2024, Volkswagen sold a total of 9 million vehicles, a year-on-year decrease of 3.5%, while the annual sales revenue reached 324.7 billion euros, an increase of 1% compared to the previous year. The Volkswagen Group pointed out that the significant decline in profits for 2024 was mainly due to rising operating costs and intensified external competition.
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