Sunday, October 19, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

VW to scrap models and focus on premium market -CFO tells FT By Reuters

by Reuters
April 6, 2022
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: A brand new emblem of German carmaker Volkswagen is unveiled on the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer

BERLIN (Reuters) – German carmaker Volkswagen (DE:) will axe many combustion engine fashions by the top of the last decade and promote fewer vehicles total to focus on producing extra worthwhile premium automobiles, its finance chief was quoted as saying on Wednesday.

“The important thing goal will not be development,” Arno Antlitz advised the Monetary Instances newspaper. “We’re (extra targeted) on high quality and on margins, slightly than on quantity and market share.”

Antlitz stated VW would cut back its vary of petrol and diesel vehicles, consisting of no less than 100 fashions unfold throughout a number of manufacturers, by 60% in Europe over the subsequent eight years.

The paper stated VW’s new technique was an indication of profound modifications within the auto sector, which has tried for many years to extend income by promoting extra vehicles every year, even when that required heavy discounting.

Former VW chief govt Martin Winterkorn, who resigned within the wake of a diesel emissions scandal, had made it his purpose to beat Toyota and Common Motors (NYSE:) to the title of “quantity primary” by 2018.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not supplied by exchanges however slightly by market makers, and so costs might not be correct and should differ from the precise market worth, that means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types attainable.



Source link

Tags: CFOFocusMarketModelspremiumReutersscraptells
Previous Post

Fred Upton, House Republican Who Voted to Impeach Trump, Will Retire

Next Post

Divorce law shake-up fails to tackle long-term financial inequalities, experts warn

Related Posts

Invesco looks at income portfolio strategies

Invesco looks at income portfolio strategies

by Blair Bao,Stephanie Landsman
October 18, 2025
0

The CBOE Volatility Index, in any other case referred to as the Wall Avenue's worry gauge, is coming off its...

How Starboard could build value at Keurig Dr Pepper ahead of its JDE Peet deal

How Starboard could build value at Keurig Dr Pepper ahead of its JDE Peet deal

by Kenneth Squire
October 19, 2025
0

POLAND - 2024/12/08: On this picture illustration, the Keurig Dr Pepper firm brand is seen displayed on a smartphone display....

How a string of bad loans has bank investors hunting for hidden risks

How a string of bad loans has bank investors hunting for hidden risks

by Hugh Son
October 17, 2025
0

Large banks together with JPMorgan Chase and Goldman Sachs had simply completed taking victory laps after a blockbuster quarter when...

IBM is gearing up to report Q3 earnings. Here’s what to expect

IBM is gearing up to report Q3 earnings. Here’s what to expect

by Staff Correspondent
October 18, 2025
0

IBM Company (NYSE: IBM) is getting ready to report its third-quarter FY25 outcomes subsequent week. The IT companies large has...

The Dominoes Keep Falling in the Move to Digital Money

The Dominoes Keep Falling in the Move to Digital Money

by Ian King
October 17, 2025
0

A decade in the past, I sat in a tiny Thai restaurant in New York Metropolis making an attempt to...

What to look for when American Airlines (AAL) reports Q3 2025 earnings results

What to look for when American Airlines (AAL) reports Q3 2025 earnings results

by Staff Correspondent
October 17, 2025
0

Shares of American Airways Group Inc. (NASDAQ: AAL) fell 5% on Thursday. The inventory has dropped 32% year-to-date. The airline...

Next Post
Divorce law shake-up fails to tackle long-term financial inequalities, experts warn

Divorce law shake-up fails to tackle long-term financial inequalities, experts warn

The 2022 Housing Market Explained

The 2022 Housing Market Explained

Afghanistan, Pakistan agree to immediate ceasefire after talks in Doha | Conflict News

Afghanistan, Pakistan agree to immediate ceasefire after talks in Doha | Conflict News

October 19, 2025
How The Silver Market Broke

How The Silver Market Broke

October 19, 2025
Soybean Bulls Pushing Higher | Nasdaq

Soybean Bulls Pushing Higher | Nasdaq

October 19, 2025
Nvidia strengthens its AI empire with a Samsung partnership, embedding custom chips to dominate next-generation data center landscapes globally

Nvidia strengthens its AI empire with a Samsung partnership, embedding custom chips to dominate next-generation data center landscapes globally

October 19, 2025
Five funds to light up your Diwali: Three lumpsums and two SIPs

Five funds to light up your Diwali: Three lumpsums and two SIPs

October 18, 2025
Passenger bus crash in northeastern Brazil leaves 15 dead

Passenger bus crash in northeastern Brazil leaves 15 dead

October 18, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Afghanistan, Pakistan agree to immediate ceasefire after talks in Doha | Conflict News

How The Silver Market Broke

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In