Volkswagen Group's Cariad software division has encountered severe financial challenges, reporting an operating loss of $2.64 billion last year despite achieving $1.44 billion in revenue. This marks a continued trend of deepening losses, with Cariad accumulating over $7.5 billion in losses since 2022. Increased vehicle sales utilizing Cariad software generated more revenue, yet overall company car sales decreased by 2.3%. Software issues also delayed key vehicle launches, prompting a leadership overhaul in the software division as part of attempts to rectify ongoing problems.
"Last year, Cariad posted an operating loss of $2.64 billion, despite an increase in sales revenue. The trend of increasing operating losses began in 2022."
"Volkswagen Group's software division racked up over $7.5 billion in operating losses between 2022 and 2024, indicating systemic issues within Cariad."
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