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Costs of developing new models weighs on Volkswagen profitability

A significant increase in the company’s financial services largely compensated for the decline in the car division

Business moversOrganisation volkswagenOrganisation mercedes benz

VW weighs co-operation with Renault on €20,000 electric car

The average retail price of an electric car in Europe in the first half of 2023 was over €65,000

Electric carsOrganisation volkswagenOrganisation renault

Volkswagen to include jobs in €10bn cost-cutting drive

Brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive

Thomas schaeferOrganisation volkswagen

Volkswagen sticks to electric car output target and pricing despite slackening demand

High interest rates are derailing the shift to EVs across the globe

Arno antlitzOrganisation volkswagen

VW s SEAT car unit posts record profit of €371m at half-way stage

It s the quality of our business, of turnover and profitability that is driving our result up and not just pure volume, SEAT chief executive Wayne Griffiths said

Car salesPlace spainOrganisation volkswagenOrganisation seat

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