The VW Group posted a billion-dollar loss in the third quarter, primarily because of the problems at its sports car subsidiary Porsche. The bottom line is that there was a loss of 1.07 billion euros between July and September, as the Wolfsburg-based automobile manufacturer announced on Thursday. A year ago there was a surplus of… Continue reading German FAZ: Volkswagen writes losses in the billions010157
Tag: VW
German Manager Magazine: Stellantis: Sales increase in Europe and North America, shares fall despite recovery004523
The Opel-Mother Stellantis increased sales in the third quarter for the first time in almost two years. Revenues increased by 13 percent to 37.2 billion euros from July to September, the company announced on Thursday. The group also lowered its estimate of the burden on US customs policy to around one billion euros for 2025,… Continue reading German Manager Magazine: Stellantis: Sales increase in Europe and North America, shares fall despite recovery004523
German Handelsblatt: Comment: The three big tests for VW boss Blume011751
After billions in losses and Porsche write-offs, the car manager is under pressure. Now he has to show whether his system will support the crisis and not slow down the company. Go to Source
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011750
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011749
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011747
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011747
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
Scania Appoints GMMCO as Dealer Partner to Expand India Operations
Scania Commercial Vehicles India Pvt. Ltd. announced today the appointment of GMMCO Limited as its authorized dealer partner, marking a significant shift in the company’s India strategy. The partnership represents Scania’s transition from direct sales to a dealer-based distribution model aimed at enhancing regional coverage and customer service. Under the new arrangement, GMMCO will handle… Continue reading Scania Appoints GMMCO as Dealer Partner to Expand India Operations
German Handelsblatt: Auto industry: chip shortage, tariffs, Porsche: VW is struggling with many construction sites011746
VW is in the red in the third quarter – mainly because of Porsche and new US tariffs. How the austerity program works and what challenges still lie ahead. Go to Source
German Manager Magazine: Volkswagen: Shares in the red, loss of billions in the third quarter004520
The Volkswagen-Group is in the third quarter because of the problems Porsche slipped deep into the red. The bottom line was that there was a loss of 1.072 billion euros between July and September, as the Wolfsburg-based car manufacturer announced. A year ago there was a surplus of 1.56 billion euros. Investors reacted nervously: after… Continue reading German Manager Magazine: Volkswagen: Shares in the red, loss of billions in the third quarter004520