Tag: VW

Porsche’s return targets are a long way off

The sports car maker tooPorschepays in the Corona crisis a strong profit and sees its long-term return targets moving far away. Porsche AG’s operating result fell by more than a quarter to a good EUR 1.2 billion in the first half of the year, as can be seen from the parent company’s Volkswagen annual report… Continue reading Porsche’s return targets are a long way off

Volkswagen has not yet lost the year

Volkswagen is because of Corona crisis get deep in the red. In the second quarter, the world’s largest automaker posted an operating loss of EUR 1.7 billion before special items, as the Wolfsburg-based company announced on Thursday. A year ago there was still a profit of 5.1 billion. In the period from April to June,… Continue reading Volkswagen has not yet lost the year

Volkswagen boss: Herbert Diess receives surprising backing from VW

Herbert Diess According to insiders, he barely escaped a layoff, but lost the position as head of the main VW brand, which he held alongside his duties as group leader. (Photo: dpa) Hamburg After the turbulence of the past few weeks and speculation about a possible replacement Volkswagen-Boss Herbert Diess received unusual backing from the… Continue reading Volkswagen boss: Herbert Diess receives surprising backing from VW

Suppliers: ZF participation Ibeo receives one of the largest lidar series orders in the world

Lidar The Ibeo order is said to be one of the world’s largest series production orders that have so far been concluded in the lidar sector. (Photo: Science Photo Library / Getty Images) Düsseldorf The Hamburg lidar manufacturer Ibeo lands the largest order in the company’s history. The Chinese car manufacturer Great Wall Motor commissions… Continue reading Suppliers: ZF participation Ibeo receives one of the largest lidar series orders in the world

Automotive: King Volkswagen overwhelmed by the health crisis

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… Continue reading Automotive: King Volkswagen overwhelmed by the health crisis

Renault handed ‘wake-up call’ with record 7 billion euro loss

PARIS (Reuters) – French carmaker Renault (RENA.PA) said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan (7201.T). FILE PHOTO: A Renault car is seen… Continue reading Renault handed ‘wake-up call’ with record 7 billion euro loss

Aston Martin’s H1 loss widens as DBX deliveries begin – Automotive News Europe

LONDON — Aston Martin reported a wider first-half loss and steep cash outflows as the UK automaker invested in the launch of its debut SUV, the DBX, which has started to arrive at dealerships. Early signs from China, a key sales market for the all-important DBX, are positive, Aston Martin said Wednesday, without providing specifics.… Continue reading Aston Martin’s H1 loss widens as DBX deliveries begin – Automotive News Europe

@VW Group: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year

Frank Witter, member of the Group Board of Management responsible for Finance and IT, said: “The first half of 2020 was one of the most challenging in the history of our company due to the Covid-19 pandemic. The health of our employees, customers and business partners is still the top priority. With our 100-points plan… Continue reading @VW Group: Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year

Auto industry set to put brakes on central Europe’s COVID-19 recovery

BUDAPEST/PRAGUE (Reuters) – The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19. FILE PHOTO: Employees work on an assembly line as the Volkswagen construction plant reopens after shutting down due… Continue reading Auto industry set to put brakes on central Europe’s COVID-19 recovery