As a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
has pleased investors with its belated attack on costs as it tries to rationalize its sprawling empire, but obstacles jeopardizing improved profits are growing.
The regulations will require traditional automakers to sell a higher proportion of EVs. Given the weakness of EV demand, that suggests VW will have to subsidize their sales at the expense of profitable combustion sales.Today’s NYT Mini Crossword Clues And Answers For Tuesday, August 6th VW is in the middle of a €10 billion cost-cutting program, with up to €4 billion expected this year.
“Such expensive measures will hurt profitability this year, but hopefully lead to a less bloated machine. Still Blume’s ability to hit his targets may depend more on what looks like a difficult road ahead,” the Financial Times “Lex” column said. · Less vertical approach to software reducing development risks and allowing for better time-to-market and customer experience.Despite describing VW as a slow-moving work in progress, investment researcher Jefferies likes what it saw. Jefferies said the second quarter was positive.
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