VW says supply jams here to stay as earnings stagnate - Autoblog

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VW says supply jams here to stay as earnings stagnate

Oct 28th 2022 at 12:30PMsaid supply chain troubles were the new norm as it reported stagnated earnings in the third quarter, but the carmaker still expects growth in the autos market next year as some bottlenecks look likely to ease.

But a planning round scheduled for November had been postponed because of changing"economic realities", Chief Financial Officer Arno Antlitz said, with the next strategy updates to come in March 2023. No brand is specifically being readied for an IPO, Blume added, stating this was simply a strategy to highlight value hidden in the conglomerate.AG has not materialised, with the carmaker's stock down more than 28% year-to-date and the sportscar brand's valuation overtaking its former parent.Third quarter earnings stagnated below pre-pandemic levels at 4.

 

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