The number of registered vehicles rose by 50 percent to 9.9 million between 2012 and 2017, but the increase slowed after 2016. CAIRO: A campaign calling on Egyptians to stop buying new cars to curb price rises has dented sales, but supporters say values must fall further before cash-strapped customers can return to the forecourts.… Continue reading Egyptians put the brakes on new car purchases in push for lower prices
Tag: Financial Results
VW sets bold targets as it steps up electric ambitions
German carmaker concedes that battery vehicles push will lead to loss of jobs Go to Source
Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Car City Wolfsburg The VW Group lags behind in the production of classic combustion models compared to the competition. (Photo: Polaris / laif) Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the… Continue reading Power struggle at Volkswagen: Board and works council of VW signal again willingness to negotiate
Volkswagen warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading Volkswagen warns on jobs as margins slip, electric plans accelerate
UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday that he is very confident in Chief Executive James Hackett’s leadership and that the automaker is considering striking supply deals with a lithium producer. FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media… Continue reading UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
Volkswagen: Careful approach in the power struggle at VW
Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the central theme – also for the CEO Herbert dies, “Osterloh is sometimes difficult to judge because he often acts emotionally and spontaneously,” says… Continue reading Volkswagen: Careful approach in the power struggle at VW
CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models by 2028, aiming to put itself at the forefront… Continue reading CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate
Volkswagen Group brands deliver a solid performance
In fiscal year 2018, the Volkswagen Group again benefited from its broad positioning and the sustained solid performance both of its brands and its financial services. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, explained: “2018 was a successful year for the Volkswagen Group. We performed very well in spite of… Continue reading Volkswagen Group brands deliver a solid performance
Volkswagen plans 22 million electric vehicles in ten years
The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built… Continue reading Volkswagen plans 22 million electric vehicles in ten years