Of the Volkswagen-Group has in the first half of the year despite persistent delivery problems microchips and tough corona restrictions in China made a significant jump in profits. The Wolfsburg-based company was able to increase earnings after taxes by a little more than a quarter to a total of 10.6 billion euros compared to the… Continue reading German Manager Magazin: Volkswagen: share increases, Herbert Diess says goodbye with billions in profit001947
Tag: Possible_Terrorism_Warfare
Volkswagen’s global sales down 23% in H1 amid chip woes
Volkswagen Passenger Cars has reported strong financial numbers for the January to June 2022 period. Effective sale management, improved cost efficiency and consistent implementation of the ACCELERATE strategy have led to a strong financial result. Operating result before special items rose to 1.9 billion euros (H1 2021: 1.2 billion euros). The operating return on sales… Continue reading Volkswagen’s global sales down 23% in H1 amid chip woes
German Handelsblatt: Trade relations: BASF, VW, Aldi: German companies invest heavily in China – and risk a lot004880
Aldi, BASF, Volkswagen China remains the “place to be”. (Photos: BASF, Aldi-Süd, Bloomberg) Regardless of the growing risks, German companies continue to invest heavily in China. According to the Chinese Ministry of Commerce, investments rose by 21 percent in the first five months of the year compared to the same period last year. The most… Continue reading German Handelsblatt: Trade relations: BASF, VW, Aldi: German companies invest heavily in China – and risk a lot004880
German Handelsblatt: Commercial vehicle manufacturer: VW subsidiary Traton is struggling with delivery bottlenecks and high costs004881
A truck from the VW truck subsidiary In addition to MAN, the brands Scania, Navistar, VWCO and Rio also belong to Traton. (Photo: dpa) The Volkswagen commercial vehicle holding company Traton is under pressure due to supply bottlenecks and higher procurement prices. Despite an increase in sales of almost a third to 18 billion euros… Continue reading German Handelsblatt: Commercial vehicle manufacturer: VW subsidiary Traton is struggling with delivery bottlenecks and high costs004881
German Handelsblatt: Commercial vehicle manufacturer: VW subsidiary Traton is struggling with delivery bottlenecks and high costs004875
A truck from the VW truck subsidiary In addition to MAN, the brands Scania, Navistar, VWCO and Rio also belong to Traton. (Photo: dpa) The Volkswagen commercial vehicle holding company Traton is under pressure due to supply bottlenecks and higher procurement prices. Despite an increase in sales of almost a third to 18 billion euros… Continue reading German Handelsblatt: Commercial vehicle manufacturer: VW subsidiary Traton is struggling with delivery bottlenecks and high costs004875
Scania Interim Report January-June 2022
SÖDERTÄLJE, Sweden, July 28, 2022 /PRNewswire/ — With both war in Ukraine and an ongoing pandemic, the turbulent external environment is continuing. Rising inflation and increased interest rates are also adding to the uncertainty. Despite this, economic activity is still high. Summary of the first six months of 2022 Net sales were unchanged compared to the… Continue reading Scania Interim Report January-June 2022
Rheinmetall cuts sales forecast on car sector woes
Rheinmetall confirmed its previous earnings guidance for fiscal 2022, with the operating result expected to improve and the operating margin expected to come in at over 11%. BERLIN – German arms maker Rheinmetall lowered its sales guidance on Wednesday in light of persistently high risks in global automotive production, the company said. It now expects… Continue reading Rheinmetall cuts sales forecast on car sector woes
@VW Group: Strong first half of 2022 for Volkswagen Passenger Cars005482
The Volkswagen brand further strengthened the Group’s economic efficiency in the first half of 2022. Effective sale management, improved cost efficiency and consistent implementation of the ACCELERATE strategy have led to a strong financial result. Operating result before special items rose to EUR 1.9 billion (first half of 2021: EUR 1.2 billion). The operating return… Continue reading @VW Group: Strong first half of 2022 for Volkswagen Passenger Cars005482
@VW Group: Volkswagen posts robust H1 results, enabling investment in mobility, battery platforms and software as future profit pools005481
Volkswagen Group posted robust operating results in the first half, enabling important investments in future profit pools and new platforms. The Group continued to make great strategic progress in Q2, registering crucial developments across its tech-platforms – mobility services, batteries and software. “Despite unprecedented global challenges, Volkswagen has demonstrated remarkable financial robustness. The operating margin… Continue reading @VW Group: Volkswagen posts robust H1 results, enabling investment in mobility, battery platforms and software as future profit pools005481
Apollo targets dollar 5 billion in revenue by FY26
Apollo Tyres, India’s second largest tyre manufacturer, has worked on a roadmap to reach $ 5 billion revenue by FY26 without compromising on return on capital employed (ROCE) which it expects to be in range of 12-15 percent, earnings before interests taxes, depreciation & amortization (EBITDA) of around 15 percent and net debt- to- EBITDA ratio to be less than… Continue reading Apollo targets dollar 5 billion in revenue by FY26