Volkswagen logo The core brand of Volkswagen is also in a significantly better position again after the deep red figures from the first half of last year. At the end of 2020, the VW Passenger Cars division had already managed to get rid of the corona-related loss – from January to June, the consequences of… Continue reading German Handelsblatt: VW Pkw: VW core brand makes 1.8 billion euros in profit in the first half of the year
Tag: VW
@VW Group: Strong first half of the year: ŠKODA AUTO significantly increases operating profit and revenue003596
Thomas Schäfer, ŠKODA AUTO CEO, says: “We can look back on a strong first half-year. Despite the semiconductor shortages and the impact of the pandemic, we even managed to improve on the results of the pre-pandemic year 2019. I would like to congratulate the entire ŠKODA team on this great performance! This has given us… Continue reading @VW Group: Strong first half of the year: ŠKODA AUTO significantly increases operating profit and revenue003596
German Handelsblatt: Interview with Arno Antlitz: VW CFO on the chip shortage: “The visibility of further developments remains limited” 002615
Düsseldorf Because of the acute shortage of chips, Volkswagen remains cautious for the rest of 2021 despite the brilliant half-year results. “The prospect of the further development of the year remains limited because of the semiconductor situation,” said CFO Arno Antlitz in an interview with the Handelsblatt. The VW Group could not produce several 100,000… Continue reading German Handelsblatt: Interview with Arno Antlitz: VW CFO on the chip shortage: “The visibility of further developments remains limited” 002615
@VW Group: Inner Life – the interior of the future003591
To shape the future, Porsche designers cross boundaries. They take the best from traditions and origins – the brand essence, the values that have made the company successful. At the same time, they boldly add something new. To do so, they study people and their habits in general and Porsche drivers in particular. “In the… Continue reading @VW Group: Inner Life – the interior of the future003591
@VW Group: Q4 e-tron series adds new all-wheel-drive model: Q4 45 e-tron quattro now available to preorder003588
The Audi Q4 e-tron and Q4 Sportback e-tron are the first compact electric SUVs from the brand with the four rings. Following their launch in April, two new versions have been added to the range – the Q4 Sportback 40 e-tron, the model with the longest range in the series, and an all-wheel-drive version, the… Continue reading @VW Group: Q4 e-tron series adds new all-wheel-drive model: Q4 45 e-tron quattro now available to preorder003588
China’s CATL unveils sodium-ion battery as EV popularity rises
BEIJING (Reuters) — China’s CATL on Thursday became the first major automotive battery maker to unveil a sodium-ion battery, saying it planned to set up a supply chain for the new technology in 2023. As electric vehicles become increasingly popular, demand for key battery ingredients, particularly cobalt, has spiked. That has spurred car and battery… Continue reading China’s CATL unveils sodium-ion battery as EV popularity rises
Visteon Announces Second-Quarter 2021 Results
Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results
LG Chem profit surges on pandemic demand, EV battery sales improve
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – South Korea’s LG Chem Ltd (051910.KS) on Thursday posted a four-fold surge in quarterly profit on pandemic-led demand for its chemicals used in making electronic products such as laptops and… Continue reading LG Chem profit surges on pandemic demand, EV battery sales improve
LG Chem’s Q2 profit handily beats estimates on lawsuit money
The logo of LG Chem is seen at its office building in Seoul, South Korea, October 16, 2020. REUTERS/Kim Hong-Ji SEOUL, July 29 (Reuters) – LG Chem Ltd (051910.KS) posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd (096770.KS)… Continue reading LG Chem’s Q2 profit handily beats estimates on lawsuit money
@VW Group: Porsche SE: Adjustment of the forecast for the 2021 group result after tax003579
Stuttgart, 29 July 2021. For the fiscal year 2021 Porsche Automobil Holding SE (Porsche SE), Stuttgart, now expects a group result after tax of between 3.4 billion euro and 4.9 billion euro. The adjustment of the forecast is based on the updated outlook of Volkswagen AG, Wolfsburg, for the fiscal year 2021. As a consequence of… Continue reading @VW Group: Porsche SE: Adjustment of the forecast for the 2021 group result after tax003579