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German carmaker Volkswagen reports strong profits at bottom line

German carmaking giant Volkswagen recorded increased profits last year, benefiting from improvements in day-to-day business, the company said Wednesday. Profit after tax rose from €15.8 billion ($17.3 billion) in the previous year to €17.9 billion, as the DAX-listed company announced in Berlin. This represents an increase of around 13%. Europe's largest car manufacturer had already presented the majority of its figures at the beginning of March. Thanks to a 12% increase in deliveries, turnover c

Germany , Berlin , German , Oliver-blume , Skoda , Financial-services , Volkswagen-group , Volkswagen , Liver-blume , Olkswagen , Ncreased-profits ,

Porsche strengthens grip on Stuttgart after board president change

German car maker Porsche has continued to exert control over Bundesliga side VfB Stuttgart by getting its way over a new president for the club's supervisory board. The side, who sit third in the Bundesliga after enjoying a surprisingly strong season so far, said in a statement on Tuesday that Porsche pick Tanja Gönner - the managing director of the Federation of German Industries (BDI) - would replaced Claus Vogt. Vogt, who had been president since 2019, will remain a member of the supervisory

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Volkswagen Is in Deep Trouble, and the Cost-Cutting Measures Won't Be Enough To Save It

Volkswagen was the biggest carmaker in the world for some time, but things went downhill in 2020. This coincides with the rise of electric vehicles, a wa...

Germany , Norway , Zwickau , Sachsen , China , Wolfsburg , Niedersachsen , German , Chinese , Thomas-schaefer , Oliver-blume , Elon-musk

Tesla Gigafactory Hourly Workers Get Raises, Still Underpaid

Also, Audi slows its rollout of EVs because demand isn't there, and Nikola founder Trevor Milton is sentenced to prison.

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VW considering cooperation with Renault on 20,000-euro electric car -Handelsblatt, ET Auto

Euro Electric Car: The German carmaker is interested in cooperating on a platform for the car that it hopes will make battery-powered vehicles affordable for the masses, Handelsblatt reported.

Germany , German , Renault , Euro-electric-car , W , Enault , Lectric-car , Andelsblatt , Olkswagen , Liver-blume ,

Volkswagen Is Developing Affordable EVs, But Only For China

VW was the top-selling brand in China until late last year, and these new models aim to reclaim that title

China , Chinese , Oliver-blume , Ralf-brandstaetter , Xpeng-inc , Reuters , Volkswagen-group-china-technology-company , Volkswagen , After-chinese , Group-china-technology-company , Volkswagen-chief-executive-oliver , Vs

Why Some Auto Workers Are Voting No On Historic Contract

Plus Arkansas is getting its own lithium mine and Cruise has now suspended all supervised car rides as well

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Volkswagen puts off east European gigafactory amid sluggish EV demand

German car group Volkswagen will not make a decision on a fourth battery factory site for now, with demand for electric vehicles in Europe lagging expectations, Chairman Oliver Blume said on Wednesday. Volkswagen has been looking at a possible site for a gigafactory for electric car batteries in eastern Europe and had already put off a decision a year ago when it was considering locations in the Czech Republic, Hungary, Poland or Slovakia. Czech officials said on Wednesday they would start offering their proposed site for Volkswagen's battery plant to other investors, saying they could not afford to wait any longer for a decision.

Czech-republic , Hungary , Germany , Spain , Prague , Praha , Hlavníesto , German , Czech , Jason-hovet , Mark-potter , Oliver-blume

'Volkswagen Group to start localisation of EVs in India in phases', ET Auto

German automaker Volkswagen (VW) Group plans to adopt a phased approach to localizing its battery electric vehicles (BEVs) in India. The company will wait for a strong business case before offering affordable, 'Made in India' EVs. VW is confident in the Indian market, which has experienced rapid growth and is now the third largest car market globally.

India , Munich , Bayern , Germany , German , Thomas-schafer , Oliver-blume , Volkswagen , Volkswagen-vw-group , Volkswagen-group , Vw-group , Skoda

Continental Taps Google's AI Technology for Cars: Munich Update

(Bloomberg) -- Europe’s automakers are showing off their latest battery-powered cars at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China.Most Read from BloombergMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe number of Chinese compa

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