The Audi Group’s operating profit grew from €5.5bn in 2021 to €7.6bn last year Close News 3 mins read 16 March 2023 The Audi Group expects its operating margin to dip this year as supply shortages ease and sales volumes begin to rebound. The group – comprising Audi, Bentley, Ducati and Lamborghini – set a 12.2% margin last… Continue reading Audi Group forecasts operating margin dip after record 2022
Category: US Motoring Press
Investors worry as Volkswagen prioritises growth over profit
Normality is back, at least as far as the Volkswagen Group is concerned. The German behemoth has advised that it aims to sell a million more cars in 2023 than in the year before but stick roughly to the same profit margin as 2022 at 7.9%. In other words, it will make less money per car sold… Continue reading Investors worry as Volkswagen prioritises growth over profit
Skoda Auto strategically leads Brand Group Volume in ASEAN and extends business in the Middle East
Skoda Auto strategically leads Brand Group Volume in ASEAN and extends business in the Middle East Skoda Auto is forging ahead with its internationalisation strategy. The Czech manufacturer will be strategically leading the Brand Group Volume in its future expansion across the ASEAN region and maximise growth potential for the Volkswagen Group. The company will… Continue reading Skoda Auto strategically leads Brand Group Volume in ASEAN and extends business in the Middle East
myTVS joins hands with Oracle to speed up finance and supply chain processes
myTVS, India’s largest automotive aftermarket digital platform, and part of the US$2 billion TVS Mobility Group, has inked a partnership with Oracle Fusion Cloud Applications, to unify operations, improve business efficiency and match the inventory with customer demand and reduce supply chain costs. The partnership with Oracle will help Tamil Nadu-based myTVS get better visibility… Continue reading myTVS joins hands with Oracle to speed up finance and supply chain processes
Kwik-Fix launches on-demand auto repair services
KwikFix Auto, a Mumbai-based one-stop solution provider for high-quality automotive products, parts, and services, has started its operations in India. According to an official release, the company aims to offer a hassle-free car repair experience to its customers by providing services at their desired location and time. KwikFix Auto has created a rapid cross-geography network… Continue reading Kwik-Fix launches on-demand auto repair services
Kwik-Fix launches on-demand auto repair services
KwikFix Auto, a Mumbai-based one-stop solution provider for high-quality automotive products, parts, and services, has started its operations in India. According to an official release, the company aims to offer a hassle-free car repair experience to its customers by providing services at their desired location and time. KwikFix Auto has created a rapid cross-geography network… Continue reading Kwik-Fix launches on-demand auto repair services
Hero Electric defers commissioning of Rajasthan plant to end of 2024
Electric two-wheeler maker Hero Electric which, in September 2022, had signed an MoU with the Rajasthan government to set up a mega EV manufacturing plant in the state’s Salarpur industrial region and commence production by end-CY2023, has now revealed that it will be deferring the commissioning of this new facility by around 12 months. Hero Electric, which… Continue reading Hero Electric defers commissioning of Rajasthan plant to end of 2024
Hero Electric defers commissioning of Rajasthan plant to end of 2024
Electric two-wheeler maker Hero Electric which, in September 2022, had signed an MoU with the Rajasthan government to set up a mega EV manufacturing plant in the state’s Salarpur industrial region and commence production by end-CY2023, has now revealed that it will be deferring the commissioning of this new facility by around 12 months. Hero Electric, which… Continue reading Hero Electric defers commissioning of Rajasthan plant to end of 2024
Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030
Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030 Volkswagen is pressing the accelerator pedal on the electric vehicle front and is betting big on electrification as its future growth driver. In 2022, the German carmaker saw global sales of its all-electric vehicles rise smartly by 23.6% year on year… Continue reading Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030
Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030
Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030 Volkswagen is pressing the accelerator pedal on the electric vehicle front and is betting big on electrification as its future growth driver. In 2022, the German carmaker saw global sales of its all-electric vehicles rise smartly by 23.6% year on year… Continue reading Volkswagen to further accelerate e-offensive, targets BEV share of 80% in Europe by 2030