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Volkswagen Group sales down 15% in pandemic year, but EV sales up 214%

Filed under: Earnings/Financials,Green,Audi,Lamborghini,Porsche,Volkswagen,SEAT,Skoda,Electric Continue reading Volkswagen Group sales down 15% in pandemic year, but EV sales up 214% Volkswagen Group sales down 15% in pandemic year, but EV sales up 214% originally appeared on Autoblog on Wed, 13 Jan 2021 10:53:00 EST. Please see our terms for use of feeds. Permalink |  Email this |  Comments
Tags: Green, Porsche, Autos, Volkswagen, Seat, Electric, Audi, Skoda, Lamborghini, Volkswagen Group, Earnings/Financials, Skoda Electric Continue

Volkswagen posts quarterly profit despite drop in sales

Filed under: Earnings/Financials,Audi,Bentley,Bugatti,Lamborghini,Porsche,Volkswagen "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. Witter said the takeover of U.S. truck maker Navistar International Corp by Volkswagen's trucking unit Traton SE was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profi...
Tags: Porsche, Autos, Volkswagen, Audi, Bentley, Bugatti, Lamborghini, U S, Navistar International Corp, Witter, Frank Witter, Earnings/Financials, Traton SE

Coronavirus prompts VW to stop production throughout Europe

Filed under: Earnings/Financials,Plants/Manufacturing,Audi,Bentley,Bugatti,Lamborghini,Porsche,Volkswagen,SEAT,Skoda Volkswagen Group, the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, also said that uncertainty about the fallout fro...
Tags: Europe, Vw, Porsche, Autos, Volkswagen, Seat, Audi, Bentley, Bugatti, Skoda, Lamborghini, Earnings/Financials, Plants/Manufacturing, Coronavirus

VW proposes 35% dividend increase, settles class action emissions lawsuit

Filed under: Earnings/Financials,Government/Legal,Green,Audi,Volkswagen,Emissions Volkswagen Group said its full-year operating profit rose 22% to 16.9 billion euros ($18.5 bln) thanks to strong sales of higher-margin cars and lower diesel charges, defying an industry downturn that has cut the earnings of rivals. Volkswagen is in the midst of ramping up sales of sports utility vehicles, which command better profits than ordinary cars, to 40% of passenger car sales from ...
Tags: Green, Vw, Autos, Volkswagen, Audi, Emissions, Earnings/Financials, Government/Legal, Audi Volkswagen Emissions Volkswagen Group

Volkswagen profit jumps as it warns of a cooling auto market

Filed under: Earnings/Financials,Audi,Bentley,Bugatti,Porsche,Volkswagen,SEAT,Skoda Volkswagen says its profits jumped 44% in the third quarter thanks to a more profitable mix of vehicles in its lineup but warned that global car markets are slowing more than expected and lowered its forecast for annual sales. The sales margin of 7.8% exceeded the goal of 6.5-7.5% as vehicles bringing higher profits took a larger share of sales.Continue reading Volkswagen profit jumps as...
Tags: Porsche, Autos, Volkswagen, Seat, Audi, Bentley, Bugatti, Skoda, Earnings/Financials, Audi Bentley Bugatti Porsche Volkswagen, Skoda Volkswagen