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

Philippines News News

Volkswagen passenger cars targeting 10 billion euros higher earnings via cost cuts
Philippines Latest News,Philippines Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

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:

ChannelNewsAsia /  🏆 6. in SG

Philippines Latest News, Philippines 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 unitToyota 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
Read more »

Ryan Cohen scoops up GameStop stock worth $10 million, shares riseRyan Cohen scoops up GameStop stock worth $10 million, shares riseRyan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.Shares of the company jumped 7.7 per cent in early trading. They are down
Read more »

'In principle, I'm done', Messi unlikely to play at 2026 World Cup'In principle, I'm done', Messi unlikely to play at 2026 World CupBEIJING : Argentina skipper Lionel Messi has said that 'in principle' last year's World Cup would be his fifth and final appearance at global soccer's showpiece event. The 35-year-old forward led his country to a third World Cup triumph in Qatar last December, saying throughout the tournament that he woul
Read more »

Red Sox pitcher’s 2023 salaryRed Sox pitcher’s 2023 salaryThe Boston Red Sox have bolstered their pitching arsenal with the acquisition of veteran maestro Corey Kluber, who inked a lucrative one-year, $10 million deal
Read more »

Toyota unveils plans for new battery tech, EV innovationToyota unveils plans for new battery tech, EV innovationTOKYO :Toyota Motor said it will introduce high-performance, solid-state batteries and other technologies to improve the range and performance and to cut costs of its electric vehicles.The Japanese carmaker said it aims to launch next-generation batteries from 2026, seeking to win over consumers with vehicles
Read more »

Intel in talks to be anchor investor in Arm IPO - sourceIntel in talks to be anchor investor in Arm IPO - sourceIntel is in talks with SoftBank Group Corp's Arm to be an anchor investor in the chip maker's initial public offering (IPO), a source familiar with the matter told Reuters on Monday.Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters reporte
Read more »



Render Time: 2025-04-06 21:59:33