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VOLKSWAGEN CFO
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...
- Luxury carmakers' gold-leafed Gulf profits are under threat from Iran warLuxury carmakers face a significant challenge as the Middle East market, vital for high profits, is under threat. Regional conflict has led...
- 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 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.
- Mercedes to step up cost cuts after weak Q3 earnings, competition woes in ChinaThe carmaker cut its full-year profit margin target twice during the third quarter, joining a growing number of European rivals blaming a w...
- 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 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...
- Daimler set to spin off truck unit by year end: CFO"We are right on schedule with the detailed preparations for this complex project and want to float Daimler Truck on the stock exchange as ...
- Volkswagen Group to expand production of EVs worldwide on a massive scaleThe contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly, th...
- Volkswagen awards top management 63.24 million euros in remunerationThe company withheld part of bonus payments but will award them at a later date if certain performance criteria are fulfilled, including a ...
- Motherson Sumi stages smart recovery post early fallExtending its losses for the third straight day, shares of auto component maker Motherson Sumi Systems closed 1.64 per cent higher at 246.6...
- Volkswagen scandal: Motherson Sumi Systems allays investor fearsMotherson is a key supplier to Volkswagen in Europe and sales to VW Group contributed 44% of Motherson’s consolidated revenue in FY15.
- Volkswagen issue will not affect supplies, says Motherson Sumi SystemsMotherson said its supplies to VW will not be affected even as the German auto major faces fine of up to USD 18 billion in the US.
- Bagla Group, Fontana Gruppo tie-up for fastener business in IndiaAuto components maker Bagla Group has inked a strategic pact with Italy's Fontana Gruppo to scale up fasteners business in the country.
- Volkswagen Group sales India sees 3 top-level exits, group CFO, Audi's sales head put in papersThe 202.5-billion-euros Volkswagen Group’s Indian sales arm — Volkswagen Group Sales India has seen three high-profile exits in a span of f...
- Investigation to delay Porsche-Volkswagen mergerVolkswagen's shares were down 2.9 per cent in Frankfurt trading to euro113.25, and Posche's shares dropped sharply - falling 8.8 per cent t...
- Volkswagen seals Porsche deal for $4.7 bnVolkswagen, Europe’s largest carmaker, will pay about e3.3 billion ($4.7 billion) for a 42% stake in Porsche’s automotive unit as it execut...
- Volkswagen mulls LCV foray in India, decision by year-endGerman auto major Volkswagen Group says it expects to take a final decision on its plans to enter the Indian light commercial vehicles mark...
- Volkswagen takes control of ScaniaVolkswagen took control of Scania, buying the Wallenberg family stake in the Swedish truck company for 27 billion kronor ($4.37 billion) an...
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