October 21, 2020

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    Volkswagen cautions of challenges to meet targets

    Volkswagen cautioned on Friday of a tough year prior its preliminary yearly results were weighed down by currency effects and production bottlenecks caused by new emissions testing rules. The German automaker suffered from a boost in inventories at its Audi and VW brands after a new emissions testing procedure, known as WLTP, took effect in […]

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    Volkswagen finance arm makes record 2016 profit regardless of emissions scandal

    Volkswagen‘s finance department reported record earnings in 2016, regardless of automaker’s emissions scandal, and held out the possibility of another strong result in this year. Operating profit at Volkswagen Financial Services, which manages dealership and customer funding along with the group’s banking and leasing service, jumped 10 percent to 2.1 billion euros ($2.3 billion). This […]

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    Audi, Porsche sales assist Volkswagen to record underlying profit

    Record Audi and Porsche sales assisted Volkswagen swing to a record underlying profit in last year, although a larger than expected charge from the diesel emissions scandal indicated it missed for its operating profit. Sales of the German automaker’s high-end brand names lifted underlying operating profit prior to special items 14 percent to 14.6 billion […]

    Audi , Porsche , Volkswagen

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