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Volkswagen Faces 2023 Profit Hit, While Its Biggest Challenge Is Electric.

Volkswagen Faces 2023 Profit Hit, While Its Biggest Challenge Is Electric. “Growth is likely to hit the buffers here in Germany during 2023 as sales were likely brought forward to 2022 with customers looking to benefit from the maximum government subsidies before they are cut from January 1, 2023. Like its European competitors, Volkswagen’s profits […]

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Volkswagen’s Diess Goes, As Rickety Governance Defenestrates Another Leader

Volkswagen’s Diess Goes, As Rickety Governance Defenestrates Another Leader. “Blume will be measured by how successful the VW will be in China. Then comes the eternal problem USA. Since the days of the Beetle, VW hasn’t done anything sensible in the USA” A software spat probably triggered the demise of Volkswagen group CEO Herbert Diess […]

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Skoda Enyaq iV

Volkswagen Subsidiary Skoda’s Electric Enyaq Might Be Getting Too Successful

Volkswagen Subsidiary Skoda’s Electric Enyaq Might Be Getting Too Successful. “An impressive trick right now would be if VW can bring the Skoda helium balloon closer back to earth, allow VW to take up that premium pricing position and offer a profitable large-volume BEV “people’s car” with a Skoda badge on” If an automaker starts […]

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Diess

Volkswagen CEO Diess Stays, As Warring Factions Declare A Truce

Volkswagen CEO Diess Stays, As Warring Factions Declare A Truce. “If you need money for investments, it would make much more sense to sell the Traton or redundant brands such as Lamborghini, Bugatti or Ducati” Yet another hardy perennial “top management in peril” shenanigans at Volkswagen ended with nothing really changed, and the CEO dusts […]

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Volkswagen Shares Dive As Profits Fall In The 3rd Quarter.

Volkswagen Shares Dive As Profits Fall In The 3rd Quarter. “Although Diess promptly hinted at cost cuts to come, the weak performance means forecasts of an EBIT margin of 7.5% this year now look optimistic,” Volkswagen shares dived almost 4-1/2% as investors penalized Europe’s biggest automaker for reporting sharply lower profits in the microchip-shortage ravaged […]

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VW “New Auto” A Reiteration, While Electric Vehicles Fail To Convince

VW “New Auto” A Reiteration, While Electric Vehicles Fail To Convince. “By 2040, almost 100% should be emission-free and completely neutral by 2050” Investors were underwhelmed by Volkswagen’s “New Auto” strategy, said to be more of an echo than news, while some worried VW’s ID range of electric cars weren’t exciting the public. In a […]

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