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VOLKSWAGEN PROFIT SLUMP
Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...
- Volkswagen labour leaders stand by 'red line' on plant closuresIn a firm stand against potential factory closures in Germany, Volkswagen's labor representatives have voiced their commitment to preservin...
- Porsche mulls cutting electric sports cars to rein in budgetPorsche AG may halt its electric sports car plans. Development delays and rising expenses are key concerns.
- Volkswagen suffers more than rivals from auto industry woes amid global uncertaintyVolkswagen's presence in the U.S. market has taken a hit, with sales sliding downwards. New tariffs and shifting policies have posed challe...
- European shares set for weekly loss on heightened trade tensionsEuropean shares remained steady on Friday but were set for a weekly decline due to escalating trade tensions and concerns over economic slo...
- How Nissan lost its status as Honda equalJapan's Nissan Motor is exploring partnerships with new technology firms after its merger talks with Honda Motor fell through. Honda propos...
- Volkswagen is reeling in China. Can EVs help it grow in the US?The world's second-largest automaker faces a vexing landscape of challenges in Europe, the U.S. and especially China, where domestic EV mak...
- Porsche AG Q1 Results: Operating profit drops 30% to $1.37 billion on ramp-up costsPorsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steer...
- European shares flat as Volkswagen, Aurubis offset energy boostThe oil and gas sector added 1.6% as crude prices rose due to tightening supplies and expectations that the OPEC+ group of oil producers wo...
- Turning corona corner, Volkswagen's profit falls less than fearedThe group said full-year operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 bill...
- Volkswagen AG's electric SUV is here to challenge Tesla's Model XThe full-size SUV, available from 2021, features rotating lounge-seats covered in so-called AppleSkin.
- Global car markets in reverse gear; Trump tariffs only making things worseThe persisting gloom in China, the engine room for growth over the past decade, leaves automakers with few places to go.
- Volkswagen overtakes Toyota as world's biggest carmakerVolkswagen overtook Toyota as the world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ah...
- VW, Fiat, Peugeot optimistic on 2010 after slumpThe top European automakers, led by Germany's Volkswagen, looked ahead confidently on Wednesday, putting the industry's miserable, loss-mak...
- Volkswagen sales, profits slumpEurope's biggest carmaker Volkswagen hit the skids in the first three months of 2009, results showed on Wednesday, with sales sliding and p...
- Volkswagen profits race aheadVolkswagen, the biggest European car maker, reported a 41.8-per cent rise in quarterly net profit on Friday, saying this would enable it to...
- VW readies for the long drive aheadVolkswagen brand head, Wolfgang Bernhard, believes job cuts and new models can make it the king of small cars.
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