volkswagen
The launch date for German automaker Volkswagen's production of its Trinity electric vehicle is being delayed as far back as 2030, sources have suggested. The electric car was originally supposed to hit the market in 2026. However, the chief executive of the Volkswagen Group, Oliver Blume, previously postponed the date by at least a year and a half to allow more time for software development, as reported by the Handelsblatt newspaper. The reasons for the delays are likely the weakening demand for electric cars and cost-cutting measures at Volkswagen. The group's profit fell by 4% to €3.63 bill...
DPA International
The launch date for German automaker Volkswagen's production of its Trinity electric vehicle is being delayed as far back as 2030, sources have suggested. The electric car was originally supposed to hit the market in 2026. However, the chief executive of the Volkswagen Group, Oliver Blume, previously postponed the date by at least a year and a half to allow more time for software development, as reported by the Handelsblatt newspaper. The reasons for the delays are likely the weakening demand for electric cars and cost-cutting measures at Volkswagen. The group's profit fell by 4% to €3.63 bill...
DPA
The launch date for German automaker Volkswagen's production of its Trinity electric vehicle is being delayed as far back as 2030, sources have suggested. The electric car was originally supposed to hit the market in 2026. However, the chief executive of the Volkswagen Group, Oliver Blume, previously postponed the date by at least a year and a half to allow more time for software development, as reported by the Handelsblatt newspaper. The reasons for the delays are likely the weakening demand for electric cars and cost-cutting measures at Volkswagen. The group's profit fell by 4% to €3.63 bill...
DPA Breaking News
German automobile manufacturer Volkswagen reported on Thursday a smaller profit in the second quarter, but still performed better than expected given the challenges at some of its major brands. Operating profit decreased by 2.4% to €5.46 billion ($5.9 billion). Analysts had on average anticipated a larger decline. Revenue increased by 4.1% to €83.3 billion due to the strong performance of financial services, despite lower sales in the second quarter. However, profit fell by 4.2% to €3.63 billion. The company saw declines in at key profit makers Porsche and Audi. It was also significantly impac...
DPA International
German automobile manufacturer Volkswagen reported on Thursday a smaller profit in the second quarter, but still performed better than expected given the challenges at some of its major brands. Operating profit decreased by 2.4% to €5.46 billion ($5.9 billion). Analysts had on average anticipated a larger decline. Revenue increased by 4.1% to €83.3 billion due to the strong performance of financial services, despite lower sales in the second quarter. However, profit fell by 4.2% to €3.63 billion. The company saw declines in at key profit makers Porsche and Audi. It was also significantly impac...
DPA
German automobile manufacturer Volkswagen reported on Thursday a smaller profit in the second quarter, but still performed better than expected given the challenges at some of its major brands. Operating profit decreased by 2.4% to €5.46 billion ($5.9 billion). Analysts had on average anticipated a larger decline. Revenue increased by 4.1% to €83.3 billion due to the strong performance of financial services, despite lower sales in the second quarter. However, profit fell by 4.2% to €3.63 billion. The company saw declines in at key profit makers Porsche and Audi. It was also significantly impac...
DPA Breaking News
Europas größer Autobauer Volkswagen will nach einem schwachen ersten Halbjahr in der zweiten Jahreshälfte wieder Fahrt aufnehmen. Dank zahlreicher neuer Modelle rechne er im Rest des Jahres mit spürbar besseren Geschäften, sagte Konzernchef Oliver Blume bei der Vorstellung der Halbjahresbilanz in Wolfsburg. «Vor allem im vierten Quartal.» Er zeigte sich daher zuversichtlich, die erst vor drei Wochen gesenkten Jahresziele erreichen zu können. Das Umfeld bleibe aber «herausfordernd». Im ersten Halbjahr litt VW unter der schwachen Nachfrage nach Neuwagen. Vor allem in China, wo der VW-Konzern gut...
DPA (German)
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA Breaking News
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA International
The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in US electric car manufacturer Rivian, it said on Monday. The joint venture planned by the two companies and VW's minority stake in Rivian have been given the all-clear, the authority said. "There is no cause for concern here due to the project, nor are there any other serious competition problems to be feared," said the cartel office president, Andreas Mundt, according to the press release. The cooperation announced in June involves software, control computers and network architecture. New VW cars are t...
DPA
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