News Formal

Volkswagen passenger cars targeting 10 billion euros higher earnings via cost cuts

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

BERLIN : Volkswagen's passenger car brand aims to increase earnings by around 10 billion euros ($10.82 billion) by 2026 to hit its return on sales target of 6.5 per cent, Chief Financial Officer Arno Antlitz posted on LinkedIn on Wednesday.Production of vehicles in the passenger car brand, Commercial Vehi

BERLIN : Volkswagen's passenger car brand aims to increase earnings by around 10 billion euros by 2026 to hit its return on sales target of 6.5 per cent, Chief Financial Officer Arno Antlitz posted on LinkedIn on Wednesday.

Antlitz's statement comes after Volkswagen brand chief Thomas Schaefer told workers in an internal memo in mid-May it was planning an overhaul at its core brand to put it on more solid footing after reporting 3 per cent returns in the first quarter of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota to market next-gen battery EVs from 2026 built by new EV unitTOKYO : Toyota Motor said it will introduce battery electric vehicles (EVs) employing next-generation batteries globally from 2026, developed and manufactured by its new EV-focused unit BEV Factory.The Japanese automaker also said it is developing a method for mass production of solid-state batteries for
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »