Posted on Jul 30, 2020 at 11:30 a.m.
“In five to ten years, the most expensive company on the stock market will be a mobility company – which could be called Tesla, Apple or Volkswagen,” said Herbert Diess, the big boss of the German giant a few days ago. automotive industry, on LinkedIn. To be in the financial race, Volkswagen will have to overcome Hurricane Covid, which has been added to the poor economic situation in its market for one or two years.
In the first six months of 2020, VW sank, with sales plunging 30% (to 3.7 million vehicles), turnover sliding 23% (to 96 billion euros) and profitability at half mast: the group posted an operating loss of 800 million, far from the +10 billion posted last year over the same period.