Volkswagen Group delivered a robust performance in 2022 with profitability improving despite ongoing supply disruptions and headwinds from higher raw material and energy costs. This was supported by continued pricing discipline, cost progress, and driven by a stronger mix which helped to increase operating profit before special items by EUR 2.5 billion to EUR 22.5… Continue reading @VW Group: Volkswagen Group achieves solid annual results, significant increase in deliveries expected in 2023006746
Tag: Strategy
German Manager Magazin: Volkswagen: share goes up, VW increases profit and raises dividend002347
Volkswagen looks a little more relaxed after a year with many potholes. After the decline in deliveries in the past year, the group expects an increase of almost 15 percent to around 9.5 million vehicles in 2023. The reason is the order backlog of 1.8 million vehicles, which has accumulated due to a lack of… Continue reading German Manager Magazin: Volkswagen: share goes up, VW increases profit and raises dividend002347
CNET’s Post-AI Layoffs Apparently Gutted 50 Percent of Its News and Video Staff
The full scope of CNET’s layoffs after its disastrous foray into AI-powered journalism is coming further into focus — and frankly, things don’t look too good. According to internal correspondence Futurism obtained, CNET — which has maintained that the job cuts have absolutely nothing to do with their misfired AI, actually — gutted 50 percent of… Continue reading CNET’s Post-AI Layoffs Apparently Gutted 50 Percent of Its News and Video Staff
Shell reviewing oil output reduction targets
Shell and BP reported record profits in 2022 on the back of soaring oil and gas prices. Shell is reviewing its current plan to reduce oil output by 1% to 2% per year by 2030, Chief Executive Officer Wael Sawan said in an interview with the Times published on Friday. Sawan took office at the… Continue reading Shell reviewing oil output reduction targets
Subaru to nominate executive Atsushi Osaki as next president
TOKYO (Reuters) — Japanese automaker Subaru said on Friday Atsushi Osaki, executive vice president and manufacturing division chief general manager, would be appointed the next president and chief executive. Current President and Chief Executive Tomomi Nakamura would be nominated as next chairperson pending the approval of the shareholders and board in June, the automaker said.… Continue reading Subaru to nominate executive Atsushi Osaki as next president
German Handelsblatt: Auto industry: Volkswagen is building its own plant in South Carolina for Scout – and is raising the dividend significantly after profit growth006366
Volkswagen in Wolfsburg The group will increase its net profit to almost 16 billion euros in 2023. (Photo: Bloomberg) Despite the war in Ukraine and the energy crisis, Europe’s largest carmaker Volkswagen is more optimistic about the coming fiscal year. For 2023, the group is forecasting a return on sales of between 7.5 and 8.5… Continue reading German Handelsblatt: Auto industry: Volkswagen is building its own plant in South Carolina for Scout – and is raising the dividend significantly after profit growth006366
Jining: Jining people’s happiness improves due to the civilization led by the culture
JINING, China, March 3, 2023 /PRNewswire/ — Since striving to create a national model city of civilization, Jining, Shandong has adhered to the concept of “creating a national model city for the people”, integrated the concept of leading by the culture in the whole process of the cultural and ideological construction, promoted the urban function,… Continue reading Jining: Jining people’s happiness improves due to the civilization led by the culture
Fortaco’s preliminary financials for 2022 and outlook for 2023
HELSINKI, March 3, 2023 /PRNewswire/ — Fortaco Group Holdco Plc1 (“Fortaco”), the leading strategic partner to the heavy off-highway equipment and marine industries, announces preliminary financials for the fiscal year ended 31 December 2022 along with an outlook for 2023, including selected financial and operating results. In 2022, Fortaco recorded net sales of EUR 332.4 million, recurring… Continue reading Fortaco’s preliminary financials for 2022 and outlook for 2023
Global Aircraft Seat Actuation System Market Expected to Surpass $1,187.7 Million and Grow at 8.6% CAGR in the 2022-2031 Timeframe [280-Pages] | Commended by Research Dive
The global aircraft seat actuation system market is expected to grow by 2031 due to increasing demand for high-tech seats. Economy class sub-segment is expected to be the most dominant. Market in the Asia-Pacific region to be highly lucrative. NEW YORK, March 3, 2023 /PRNewswire/ — Research Dive has added a new report to its offering… Continue reading Global Aircraft Seat Actuation System Market Expected to Surpass $1,187.7 Million and Grow at 8.6% CAGR in the 2022-2031 Timeframe [280-Pages] | Commended by Research Dive
Changes to earnings criteria of Kamux’s share-based incentive plan 2021-2023 for 2023
HÄMEENLINNA, Finland, March 3, 2023 /PRNewswire/ — On February 26, 2021, Kamux Corporation announced the adoption and the terms and conditions of the share-based long-term incentive plan covering the years 2021-2023 (“the plan”). The aim of the plan is to encourage and strengthen the commitment of Kamux group’s key employees to execute the strategy and to… Continue reading Changes to earnings criteria of Kamux’s share-based incentive plan 2021-2023 for 2023