Opinion: Volkswagen is actually in big trouble – along with also the emissions scandal is actually yet to seriously impact
Source : Opinion: Volkswagen is actually in big trouble – along with also the emissions scandal is actually yet to seriously impact
has fallen sales revenue by 3.4%, after the imposition of tax on profits along with also the bottom 20% by last year. VW simply can not be the same architect of which one …
need to spend 45 minutes with Volkswagen latest Discharge financial press lengthwise Group to realize the seriousness of the Volkswagen situation has become the brand.
There are some bright spots. Between January along with also March of which year, which crept car delivered via VW entire group of up to 2508000 units, an increase of 0.8% by the same period in 2015. The Volkswagen Group right now has 19.8 billion £ beneficial in cash inside the bank, large for 25% jump inside the same period last year.
however the bad news makes the list much longer. along with also decreased total revenues of sales 3.4% (which blames Volkswagen mainly on exchange rate issues), along with also the profit margins after taxes fell by 7.5% for VW Group discount the whole to 6.3% just after-tax profits fell by almost 20%, for one. £ by £ 2.24bn 8bn.
In spite of the media bashing the huge scandal because of the emissions, the benefit of a portfolio of brands inside the sales of various Marquez’s performance appears. Audi , up by 4% to nearly 456,000 sales inside the first three months of the year.
(I’m going to turn quickly to Bentley ‘s situation. the British brand sales down an alarming 30% inside the first three months of the year, 2232 unit to profit only 1554. collapsed by 37 £ million for loss of £ 41m. the company must wish which the buyers current Bentley is actually not switching directly to Bentayga SUV, because these types of sales of replacement immediately will not grow brand significantly) business.
Volkswagen sales down only 1.3%, however digging in minute detail along with also Volkswagen show great signs of stress. According to official figures, the Volkswagen brand sales proceeds of £ 19bn, however VW’s operating profit collapsed by £ 392m last year to just £ 55.7m between January along with also March.
which is actually in stark contrast to the 526,000 Audi global sales revenue along with also £ 11 bn, which delivered operating profit of £ 990m. Porsche delivered 55,000 sales of £ 682m profits. Even the seat – which only sold 127,000 vehicles inside the first three months – achieved a profit of £ 42M
Volkswagen after which hit full final cost of the scandal “dieselgate” along with also should expect tens of billions of dollars. In fines along with also legal costs inside the United States alone. With which’s brand core business in such a delicate financial situation, which is actually difficult to see how the Volkswagen Group along with also the broader deal with such a great success.
which seems to me which the brand Volkswagen simply can not be which the financial pressure on’s own, however which can convince Audi along with also Porsche brands are profitable largely also to take the financial pain of the decision stupid significantly to cheat in order to get a diesel engine VW by during the tough pollution laws of the United States?
on the surface, VW holds on to do what they want to do: invest heavily in research along with also development along with also brand new platforms (there is actually a rumor which the brand new electric platform MEB has been joined by another, larger, electric battery architecture)
also want to prepare for the future connectivity along with also swarm intelligence (which did so by buying Nokia Maps section along with also sign an agreement with MobilEye, which makes cameras facing forward).
however the brand Volkswagen inside the kind of trouble which you can not simply engineer your way out of
by Autocar via RSS