As a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
expects roughly unchanged profits for 2024 but even this modest aim will be hard to achieve because of economic conditions in general and problems with electric cars in particular.
“Volkswagen is the archetypal legacy automaker: flabby, slow-moving and valued as if it was going out of business,” said Street columnist Stephen Wilmot, who added VW has yet to convince investors it has tamed what he called “profligate spending”, or electric vehicle technology. “The general economic situation remains challenging, but we are confident about 2024, despite the muted economic outlook and intense competition,” finance chief Arno Antlitz said presenting the results in mid-March.
“Given the current geopolitical situation and the uncertainty surrounding the further development of electromobility, looking beyond this is more dubious than usual,” Schwope said in an email exchange. “Cooperation with Renault is conceivable, but also with Stellantis. Or even a collaboration between Stellantis and Renault. However, I am sceptical about such cooperation. Often, after a few years and even fewer successes, they fall out and you realise that you would have worked better on your own,” Schwope said.
“VW looks attractive both in valuation terms and future prospects, but the latter requires patience and faith. A tricky year in terms of model changeovers and further retracement in China is likely to hold the shares back,” HSBC Global Research said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scout 'Back to Work' video talks up history, work, and being firstScout argues it was the first true American SUV, but that was decades ago. How can the brand be reborn in 2024?
Read more »
Why The 5-Day Work Week Doesn't Work For Working MomsAs an executive career coach, I help women navigate job changes, succeed in male-dominated fields, and launch their own companies. Prior to building my coaching career, I was a core member of the original glaceau vitaminwater team and built the national distribution which resulted in Coca-Cola acquiring the company for $4.6B.
Read more »
Volkswagen Phaeton V6 TDI | Shed of the WeekMark this day: two decades on from its launch, Piëch's folly finally makes it to the shed hall of fame
Read more »
Volkswagen Tiguan review: predictably excellentVolkswagen takes its best-selling family SUV into its third generation. We rate the petrol, diesel and hybrid versions.
Read more »
2024 Volkswagen ID.4 Starts At $39,735, Pro Models Get More PowerfulThe updated infotainment system will hopefully be better than the buggy systems that the ID.4 was introduced with.
Read more »
2024 Volkswagen ID.4 Review: More power and interior updates yield a better EVGet in-depth info on the 2023 Volkswagen ID.4 including prices, specs, reviews, options, safety and reliability ratings.
Read more »