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 […]
Tag Archives | Volkswagen
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 […]
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 […]
VW Says Premature To Comment On Report Electric Cars Started Ship Fire
VW Says Premature To Comment On Report Electric Cars Started Ship Fire. “any comments on the cause are speculative and of course will be subject to investigation” Volkswagen said it is too early to comment on reports the fire on its charter ship transporting nearly 4,000 upmarket vehicles to the U.S. was started by electric […]
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 […]
Tesla Crashes German Party; VW Says Work Harder, BMW Plays Premium Card
Tesla Crashes German Party; VW Says Work Harder, BMW Plays Premium Card. VW building new factory for next generation BEV called Trinity, expected to launch by 2026 at the latest, and hopes to reduce the manufacturing time per car to 10 hours The Tesla Model 3 topped the European electric car sales charts in September […]
Mercedes EQA An Interim Electric Car, Before The Serious Push Starts in 2025
Mercedes EQA An Interim Electric Car, Before The Serious Push Starts in 2025. “Mercedes’ starting gun has only just begun with the EQE/EQS that are based on custom-developed architecture. The Mercedes EQA compact SUV is likely be a big seller for the German premium automaker as the company turns from being a laggard in the […]
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 […]
Volkswagen Needs Mass Market Brands To Perform
Volkswagen Needs Mass Market Brands To Perform. “It amazes me that after years of complaining about narrow electric vehicle margins there are suddenly supposed to be dream returns just around the corner” The hosannas were ringing out for Volkswagen as it raised its profit outlook again and said it would try and buy French car […]
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 […]