Caught at the most daunting crossroads in its history, fallen German carmaking giant Volkswagen can take solace in one segment of its business empire that continues to boom: sausages.
Volkswagen’s 2024 earnings, released on Tuesday, revealed a 3% decline in vehicle sales alongside a 30% drop in net profits. The carmaker’s rising costs and falling demand prompted the group to agree to up to 35,000 job cuts by 2030 and German factory closures in a bid to turn around its fortunes.
