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ARNO ANTLITZ
Carmakers bank on $2.3 billion in future tariff refunds, risking Trump's ireCar companies are booking billions in expected tariff refunds. This move boosts their first-quarter profits on paper. However, automakers r...- Volkswagen sees only minor relief from possible tariff refund, CFO saysVolkswagen's finance chief Arno Antlitz revealed that any U.S. tariff refunds will offer minimal financial benefit. These potential refunds...
- Volkswagen swings to 1.3-billion euro loss in Q3 on tariff, Porsche woesVolkswagen reported a 1.3-billion-euro operating loss in the third quarter, significantly impacted by billions in costs from U.S. tariffs a...
- Volkswagen takes 1.3-bn-euro hit from Trump tariffsVolkswagen faced a setback due to tariffs by US President Donald Trump. The tariffs cost the company 1.3 billion euros in the first half of...
- Volkswagen says trade tensions, EV costs to weigh on profitsVolkswagen anticipates its annual operative profit will be at the lower end of its projection, joining other carmakers in lowering expectat...
- Volkswagen cuts headcount by 7,000, reduces factory costs at key VW brand"Rest assured that we continue to drive implementation of the agreed measures with full force," CFO Arno Antlitz said.
- Trump tariffs force more automakers to scrap profit guidanceMounting trade tensions, spearheaded by unpredictable U.S. tariffs, have prompted Stellantis and Mercedes-Benz to retract their profit fore...
- Volkswagen closure: Workers aren't the only ones worriedVolkswagen is considering closing some factories in Germany for the first time in its history to meet cost-cutting goals. The automaker aim...
- Volkswagen goes head-to-head with workforce over proposed company cutsVolkswagen management will address a tense workforce at its Wolfsburg headquarters, proposing significant cuts, including factory closures ...
- 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...
- Volkswagen sets 5-7% revenue growth target, preaches cost disciplineThe German carmaker has set "performance programmes" for each brand, allocating them capital and setting a specific return on sales target,...
- Volkswagen to invest $193 bn over 5 years to help meet EV targetOver two-thirds of the five-year investment budget is allocated towards electrification and digitalisation, up from 56% in the previous fiv...
- Volkswagen to revisit India amid China geopolitical uncertaintyThe effort will mark yet another attempt by the company to break into the Indian market in a significant way. The carmaker’s earlier effort...
- Volkswagen says supply jams here to stay as earnings stagnateVolkswagen said supply bottlenecks were the new norm as its third quarter earnings stagnated below pre-pandemic levels, under the burden of...
- Porsche IPO only off the table if severe geopolitical problems arise, CFO saysVolkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still sub...
- Volkswagen CEO will step down by September 1Oliver Blume, who is now CEO of Porsche, will succeed Diess. Volkswagen also said the company's chief financial officer, Arno Antlitz, will...
- EV battery output bigger challenge than EU combustion engine ban, says VolkswagenThe comment came after EU countries clinched deals on proposed laws to combat climate change early on Wednesday, including one requiring ne...
- Ukraine war throws VW outlook into question, CEO warnsWorld No. 2 carmaker Volkswagen warned on Tuesday that semiconductor shortages, supply bottlenecks, high commodity prices and the Russia-Uk...
- Volkswagen invests $620 mln in Northvolt to secure battery supplyThe investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen's stake stable a...
- Volkswagen looks to electric vehicles, cost cuts for profit recoveryVolkswagen aims to more than double deliveries of electric vehicles to 1 million this year, it said, adding it would also apply a standardi...
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