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Volkswagen expects sales growth to slow in 2024

FRANKFURT/BERLIN (Reuters) -Volkswagen on Friday said it expects sales growth to slow in 2024, reflecting a weakening economic outlook, increasing competition and higher costs. Europe's top carmaker, which owns brands including Audi, VW and Lamborghini, expects sales to grow by up to 5% in 2024, after reporting a 15.5% increase in revenues last year to 322.3 billion euros ($348.5 billion). Volkswagen's Chief Financial Officer Arno Antlitz sees a "muted economic outlook and intense competition" in 2024 though the carmaker remains confident for the year as a whole.

Christoph steitzArno antlitzChief financial officer arno antlitzRachel moreSales growthEconomic outlook

EVs won over early adopters, but mainstream buyers aren t along for the ride yet

EVs won over early adopters, but mainstream buyers aren t along for the ride yet
kvpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvpr.org Daily Mail and Mail on Sunday newspapers.

United statesJim farleyMary barraNathan howard gettyArno antlitzMario tama gettyMichael cottoneStephanie valdez streatyElon muskElizabeth krearSameer joshiPat ryanVolkswagen groupTesla superchargerMario tamaGetty images

EVs won over early adopters, but mainstream buyers aren t along for the ride yet

Sales of electric vehicles were increasing rapidly . until they weren't. The auto industry is still looking ahead toward an EV future, but worries that moving too fast would hurt the bottom line.

United statesMichael cottoneStephanie valdez streatyElizabeth krearSameer joshiMary barraNathan howard gettyMario tama gettyArno antlitzJim farleyPat ryanElon muskVolkswagen groupTesla superchargerMario tamaGetty images

People want to buy EVs Why are electric car sales so sluggish? : NPR

Sales of electric vehicles were increasing rapidly . until they weren't. The auto industry is still looking ahead toward an EV future, but worries that moving too fast would hurt the bottom line.

United statesJeff kowalskyStephanie valdez streatyMario tama gettyPat ryanJim farleyElizabeth krearElon muskArno antlitzSameer joshiNathan howard gettyMichael cottoneMary barraVolkswagen groupFord rouge electric vehicle centerRouge electric vehicle center

EVs won over early adopters, but mainstream buyers aren t along for the ride yet

EVs won over early adopters, but mainstream buyers aren t along for the ride yet
hawaiipublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hawaiipublicradio.org Daily Mail and Mail on Sunday newspapers.

United statesElon muskPat ryanArno antlitzMario tama gettyStephanie valdez streatyElizabeth krearSameer joshiMichael cottoneJim farleyMary barraNathan howard gettyVolkswagen groupTesla superchargerMario tamaGetty images