Volkswagen said on Thursday that operating profit for its core mass-market brands increased by 80% last year, in a sign that closer cooperation between them is bearing fruit.

Why Volkswagen Is Priced for Failure

12:16pm, Wednesday, 13'th Mar 2024
While other carmakers have sharpened their strategies, the German giant is still maneuvering through a complex turnaround.
Volkswagen Group (XETRA:VOW) has pointed to a potential boost to orders from Western Europe this year, despite sluggish wider demand, as it plans to release a range of new electric vehicles. Some 30 m
Volkswagen Group China said on Wednesday that the first model by its only majority-controlled joint venture, Volkswagen Anhui, has received Chinese government approval.
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.
Volkswagen said on Wednesday that it expects incoming orders in Western Europe to pick up speed in the coming months thanks to the German carmaker's new models.
Porsche Chief Financial Officer Lutz Meschke speaks to CNBC's Annette Weisbach at the carmaker's facility in Leipzig, Germany.
Porsche will not take part in a fierce discount battle in the weakened Chinese market, and is instead sticking to its principle of maintaining premium prices even if it costs the luxury carmaker marke
China's Anhui Jianghuai Automobile said on Tuesday it and Volkswagen China will boost their joint venture's registered capital to 13.9 billion yuan from 7.4 billion yuan.
Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend.
Volkswagen Australia said on Monday it had quit the policymaking committee at the country's auto lobby, days after Tesla cut ties with the group, as the German carmaker distances itself from a campaig
With a strong focus on sustainability and innovation, Brazil is set to become a major player in the global automotive scene, drawing in big investments and leading the shift toward greener ways to get
Chinese luxury electric vehicle maker Xpeng stock posted mixed delivery numbers for February, selling 4,545 EVs for the month, down 44.9% from January, and down 24% from the year-ago period. The decli
Volkswagen's trucks arm Traton on Tuesday forecast a 2024 return on sales in line with the previous year after its annual core earnings almost doubled thanks to record high post-pandemic pent-up deman
Volkswagen will not consider a stock market listing for its battery unit until its factories are up and running and its unified battery cell is in use, the division's boss told Reuters, essentially ru
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