Volkswagen net profit plunges 30.6% in 2024 as costs rise, gives muted outlook for 2025 amid trade tensions

Volkswagen on Tuesday said it expects an operating margin of 5.5-6.5% in 2025, from 5.9% in 2024, joining rivals in giving a muted outlook for the year ahead as the sector battles weak demand, high costs and simmering trade tensions.

The group proposed a dividend of 6.36 euros per preference share for 2024, down from 9.06 euros paid out for the previous year, also reflecting ongoing savings efforts by the carmaker following major job and capacity cuts announced in December.