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Germany’s ailing Volkswagen Group on Friday cut its annual guidance for the second time in less than three months. The largest carmaker in Europe announced after the market closed that it now expects around 9 million vehicles to be sold this year. The group had earlier forecast a 3% rise over 2023, when 9.2 million were delivered to customers. The previously targeted revenue increase of up to 5% above the €322 billion ($359 billion) generated last year was revised downward, with revenues expected to be only €320 billion. Volkswagen is in a deep crisis and recently announced a drastic austerity…

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