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International Business Times
International Business Times
Business
AFP News

Volkswagen's 2023 Profits Rise, Outlook For This Year Cautious

Volkswagen delivered some 9.2 million cars to customers in 2023 (Credit: AFP)

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.

Net profit rose 13.1 percent to 17.9 billion euros ($19.6 billion) from the previous year. Sales rose more than 15 percent to 322.3 billion euros.

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