German Manager Magazine: Volkswagen continues to expect lower profits in China003168

The Volkswagen-Group with CEO Oliver Blume (55) expects a further decline in profits in its most important individual market this year due to the continued fierce competition China out of. In 2024, the proportional operating result of the joint ventures there is likely to only be between 1.5 and 2 billion euros, according to a… Continue reading German Manager Magazine: Volkswagen continues to expect lower profits in China003168

German Manager Magazine: Xiaomi: Lei Jun announces start of sales for electric cars003167

The Chinese electronics company Xiaomi has announced the start of sales of its first electric car at the end of March. Xiaomi boss Lei Jun (54) announced on Tuesday on the Chinese online service Weibo that the Xiaomi SU7 would be in stores from March 28th. A photo of the car, which had already been… Continue reading German Manager Magazine: Xiaomi: Lei Jun announces start of sales for electric cars003167