Volkswagen has once again lowered its outlook for the year, anticipating weaker sales compared to last year.

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The German automaker, facing ongoing challenges, had initially expected to increase deliveries by 3% compared to the 9.2 million vehicles sold last year.

However, after the stock market closed on Friday, Volkswagen announced it now expects to sell only around 9 million vehicles this year. The company also revised down its revenue projections, now forecasting €320 billion, down from an expected 5% increase on last year’s €322 billion.

CEO Oliver Blume also anticipates lower profitability, with operating profit expected to reach €18 billion and an operating margin of about 5.6%, compared to the previous forecast of 6.5% to 7%.

Volkswagen’s shares dropped 3.2% in after-hours trading.

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