The operating result is 4.2 billion euros. The previous year it was 4.4 billion euros before special items and 3.9 billion euros after. The return on sales was 14.6 per cent in 2020, within the strategic target corridor despite the tense economic situation. The strong figures from 2019 were thus only barely missed, despite a… Continue reading @VW Group: Porsche achieves sustainable growth in 2020 financial year002665
Tag: VW
@VW Group: Porsche aims for CO2-neutral balance sheet in 2030002663
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2021 Dr. Ing. h.c. F. Porsche AG * Data determined in accordance with the measurement method required by law. Since 1 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonised Light Vehicles… Continue reading @VW Group: Porsche aims for CO2-neutral balance sheet in 2030002663
Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others
Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future. Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent, Momenta said in a statement. It did not disclose… Continue reading Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others
Asim Hussain: ‘QuantumScape’s battery tech is capable of lasting hundreds of thousands of miles.’
California-based QuantumScape claims its solid-state batteries with lithium-metal anodes achieve 80 percent charge in less than 15 minutes. The company, which has a JV with Volkswagen for battery supplies and counts the likes of Bill Gates among its backers, saw 2019 Nobel Prize (Chemistry) winner Dr Stanley Whittingham validate its tech. Chief Marketing Officer Asim… Continue reading Asim Hussain: ‘QuantumScape’s battery tech is capable of lasting hundreds of thousands of miles.’
Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
Swedish Battery Manufacturer Northvolt Expanding Partnerships with South Korean Battery Materials, Parts, and Equipment Manufacturers
As Northvolt, a Swedish battery manufacturer, has become a key partner of Volkswagen’s electric vehicle (EV) business and is emerging as a key business to assist the European Union become self-reliant on batteries, South Korea’s battery materials, parts, and equipment industry that is currently working with Northvolt is drawing interest.Although Northvolt is a fairly new… Continue reading Swedish Battery Manufacturer Northvolt Expanding Partnerships with South Korean Battery Materials, Parts, and Equipment Manufacturers
@VW Group: Audi defies the corona crisis with a robust performance in the 2020 financial year002657
Even in 2020, a challenging business year, Audi vigorously drove ahead its transformation into a provider of sustainable and networked premium mobility. As a result of the pandemic, deliveries and sales revenue fell significantly in the first half-year. Thanks to a strong second half, including an excellent fourth quarter, sales revenue reached a total of… Continue reading @VW Group: Audi defies the corona crisis with a robust performance in the 2020 financial year002657
@VW Group: Automobili Lamborghini: Strong profitability and second-best year ever for turnover and sales002656
In a year of significant challenge such as 2020, marked by the spread of the pandemic worldwide, Automobili Lamborghini responded to the situation with great energy, flexibility and determination, recording positive commercial and financial performance. The most notable financial result is the achievement of the highest-ever profitability. Stephan Winkelmann, President & CEO of Automobili Lamborghini,… Continue reading @VW Group: Automobili Lamborghini: Strong profitability and second-best year ever for turnover and sales002656
@VW Group: Ducati proves to be a solid and profitable company with a positive cash flow even in a complex year like 2020002655
Ducati closes a challenging 2020 reinforcing the solidity that the Italian motorcycle manufacturer has demonstrated in the last years. Despite the complex global situation and the seven-week halt in production right at the peak period of the season, 48,042 (2019: 53,183) motorcycles were delivered to customers all over the world, limiting the sales gap compared… Continue reading @VW Group: Ducati proves to be a solid and profitable company with a positive cash flow even in a complex year like 2020002655
@VW Group: Sound financial results at Audi Hungaria002654
Thanks to the high production volume, Audi Hungaria wrapped up a challeging 2020 with stable financial results. In spite of the pandemic restrictions, our colleagues were able to produce 1,661,599 engines and 155,157 vehicles. In 2020 the company’s turnover was €7.518 billion. Audi Hungaria continued to invest last year, thus the cumulative investment has amounted… Continue reading @VW Group: Sound financial results at Audi Hungaria002654