The operating profit margin for the group’s core mass-market brands rose to 5.3% last year from 3.6% in 2022, with the company targeting 8% (Photo: Bloomberg) Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition. Presenting the German automaker’s 2023 results, finance chief Arno Antlitz said the “general economic situation remains challenging,” but added “we are confident about 2024, despite the muted economic outlook and intense competition”. Volkswagen’s deliveries to customers rose 12% to 9.24 million vehicles in 2023. The company said on Wednesday it expected a boost to vehicle orde
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