Volkswagen’s flagship VW brand missed margin target in 2018

Volkswagen brand logo

Volkswagen’s flagship VW brand missed its margin goal in last year as operating profits reduced despite growth in top-line revenues at the automaker, news weekly Spiegel reported on Friday, mentioning unpublished numbers. The operating margin at the brand dropped to 3.8 percent from 4.1 percent, the magazine reported, putting it short of a goal of […]

Volkswagen, Fiat Chrysler and Renault lead emissions-driven European sales decline

2018 Volkswagen Atlas images

Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from […]