Volkswagen’s Skoda Auto May deliveries increased 13 percent

Images of Skoda Fabia R5

Global deliveries by Volkswagen’s Czech automaker Skoda Auto increased 13.4 percent year-on-year in May, posting the best-ever result for the month due to double-digit expansion in China and Russia. Skoda stated it delivered 112,400 vehicles in May. Deliveries in western Europe, its largest regional market in the month, increased 3.3 percent and by 1.8 percent […]

Volkswagen second-quarter profit to at least match 2017’s result

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Volkswagen group’s second-quarter operating profit should compare with 2017’s level of 4.55 billion euros ($5.54 billion) at least, finance chief Frank Witter stated. Underlying profit in the April-to-June period should “at the very minimum” match 2017 amount, Witter stated on Thursday during an earnings call, after the automaker published a 3.6 percent fall in first-quarter […]

Volkswagen brand CEO Diess says Tesla has abilities Volkswagen doesn’t

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Volkswagen is planning to loss-making startup Tesla for motivation on the best ways to enhance its core business, the Volkswagen’s chief executive Herbert Diess stated in an interview. Asked who the automaker’s main competitors are, Diess told an internal business publication: “In the old world it is Toyota, Hyundai, and the French automakers. In the […]

Diesels Represented 12 Percent of Volkswagen U.S. Sales in April 2017

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Customers in the U.S. are still demanding Volkswagen diesels regardless of all the controversy surrounding misleading emissions practices. Diesels represented almost 12 percent of Volkswagen’s U.S. sales for the month of April, a significant portion considering the automaker just started providing these automobiles again for the very first time since September 2015. Volkswagen went back […]

Audi, Porsche sales assist Volkswagen to record underlying profit

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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 […]

Toyota still remains biggest automaker when it comes to practical statistics

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Car enthusiasts, journalists and financial experts pay a great deal of focus on unit-car stats, however investors shouldn’t– just look at Volkswagen’s rise to the top of the official league table of producers. Toyota Motor, which surpassed General Motors in the International Organization of Motor Vehicle Manufacturers’ ranking in 2008 for the first time, revealed […]