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Auto industry on a luxury course: The industry uses the lack of chips to convert. Ever larger cars are crowding out mass models.
handelsblatt.com/unternehmen/industrie/mobilitaet-autohersteller-setzen-auf-luxusfahrzeuge-und-streichen-kleine-modelle/28042708.html

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German car supplier with 2000 employees insolvent: Customers are VW, BMW, Audi & Co.
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VW earns much less and now has to save: Volkswagen recorded a significant drop in profits in the first half of the year. The board is calling for significant ...
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Key FactsVolkswagen: Revenue Decline Requires Cost-Cutting Measures
Aug 1, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: handelsblatt.com
Summary created with AI assistance · Source: handelsblatt.com
- Volkswagen's half-year results show a significant decrease in profit compared to the previous year.
- The CFO deems the profitability insufficient and announces substantial cost-saving efforts.
- CEO Blume emphasizes that despite a solid foundation, there is still extensive work ahead.
- Volkswagen's management faces major challenges regarding profitability and the shift to electric vehicles.
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Audi removes two small cars from the model range and will focus on luxury in the future
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Is Audi bringing back the name Horch?: With the facelift of the Audi A8, there could also be a particularly luxurious Horch version. The video shows how the ...
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Withdrawal from combustion: Audi and BMW are also relying on electric: Audi stops developing new gasoline and diesel engines. BMW will soon also be relying fully ...
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VW subsidiary: Duesmann sees Audi on course: when converting
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