Volkswagen has announced expectations for increased order growth in Western Europe, attributing the anticipated rise to the introduction of new models, including updates to popular vehicles like the Golf. The German automaker also reported a significant profit increase in 2023, driven by higher vehicle deliveries, although it provided a cautious outlook for 2024, citing a tough market environment that could impact car sales growth. Additionally, Volkswagen is considering a partnership to produce mass-market electric vehicles (EVs) and has unveiled plans for more than 30 product launches this year. Among the new offerings, the ID.3 GTX and ID.7 GTX Tourer models have been highlighted for their added power and sporty design. Furthermore, Volkswagen's cost-cutting program has shown positive results, with an 80% increase in operating profit for its core mass-market brands last year. The company is also contemplating the launch of an entry-level electric vehicle by 2027 and is unwavering in its EV strategy despite softened demand in the US, planning to enhance its lineup with larger electric SUVs, potentially hybrids, and the most affordable ID.1 EV starting at $20K.
Decades-long rivals Nissan and Honda seem about to team up on EVs as sales drop in China, the world's biggest auto market. That's a good first step -- but Japan's automakers need to step on the gas in a sector that is rapidly reconsolidating. My latest: https://t.co/wgV6l9CRkg
Honda, Nissan to sign MoU on comprehensive EV cooperation, NHK reports https://t.co/heDBtmBoLU https://t.co/UcssEYot5M
Nissan, Honda eye comprehensive EV tie-up, accord imminent https://t.co/wUFZmcYTXh
Nissan looks to tap Korean battery supplier SK On for US EV production, Yomiuri reports https://t.co/zYacIvL1I1 https://t.co/YtLQGfElvM
Reports that rivals Honda and Nissan might team up on electric vehicles are encouraging, @GearoidReidy writes. But the entire Japanese industry needs to accelerate its consolidation https://t.co/RrGqISuqPX
Volkswagen is offering $13,000 off the 2023 ID.4 AWD Pro S Plus with new lease deal https://t.co/b4GRoWYPAQ by @EVPeteJohnson
Volkswagen announces production start date for its most affordable $20K ID.1 EV https://t.co/Z0zH5AUsxX by @EVPeteJohnson
Volkswagen confirms larger electric SUV coming to the US, hybrids too? https://t.co/oKmYfdjZRz by @EVPeteJohnson
Despite softened EV demand in the US, Volkswagen is unwavering in its EV strategy with plans to enhance its lineup this year. https://t.co/sz7d4ptbyY
NEWS: VW on Thursday held out the prospect of launching an entry-level electric vehicle by 2027, with VW brand chief Thomas Schaefer saying the company would decide in coming weeks which model to move forward with. 2027 seems late don't you think? https://t.co/IX7L55fEBF
⚠️ COST-CUTTING PROGRAM AT VOLKSWAGEN BRAND BEARS FIRST FRUIT Full Story → https://t.co/zWaTzgqFSX Volkswagen said on Thursday that operating profit for its core mass-market brands increased by 80% last year, in a sign that closer cooperation between them is bearing fruit. https://t.co/b44bD6bH6d
Volkswagen unveils sleek ID.3 GTX and ID.7 GTX Tourer with added power and sporty design https://t.co/hE3Bt0XIFJ by @EVPeteJohnson
Nissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD https://t.co/Aw24K65L3M by @EVPeteJohnson
VW Sees Tough Year With China Market Share Slipping Further German company projects lower earnings in China in 2024 Carmaker plans more than 30 product launches this year https://t.co/BgBMIv23sF
China EV war: BYD prices a fifth car below 100,000 yuan threshold https://t.co/F1SqCPu6I5
Volkswagen considers partnership to produce mass market electric vehicles https://t.co/jwwERE0kRh
BYD reveals cheaper e2 electric crossover starting under $13,000 to undercut ICE cars https://t.co/bxklPJ2ObO by @EVPeteJohnson
"VW launches product push" https://t.co/VJ6y8Hp7yU via @AutoNewsEurope This stock is so cheap that the "muted" 2024 outlook is already price in around 10x over, lol. (We're long $VWAPY)
It costs about $1,000/month to own a car in the US. BYD sells a compact SUV EV with a 405 km range for US $12,000, as prices plunge. BYD is making a profit. Buffett owns a lot of the stock. You wonder why Chinese exports dominate the Global South? And we're worried about TikTok?…
Volkswagen says tough market to weigh on car sales growth in 2024 https://t.co/WGxaiTKBd3
(SCMP) - BYD, the world’s largest electric vehicle maker, has priced another model under the 100,000 yuan (US$13,912) threshold as a discount war in China’s EV market intensifies. 🇨🇳 @SCMPNews @knowledge_vital https://t.co/3wmA7ODvF9
Pretty soon a BYD EV will cost less than an Apple Vision Pro https://t.co/bKZyNhcy66
Volkswagen’s 2023 profits rise, outlook for this year cautious https://t.co/OqXarf8vVt
VW TO MAKE A DECISION ON CHEAP EV PARTNERSHIP THIS YEAR: CEO
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year. https://t.co/TQxf9b6c8V
BYD launches budget-friendly e2 Glory edition, heading EV Price War in China - Gizmochina https://t.co/7TCvOqGKhJ #BYD #EV #China #ElectricVehicles #PriceWars #e2GloryEdition https://t.co/wNlraCVbCM
Volkswagen expects orders in western Europe to pick up speed in the coming months as the German carmaker updates popular models such as the Golf https://t.co/zLmV1e6nBO
Volkswagen expects order growth in Western Europe thanks to new vehicles https://t.co/o3e2wIsa3Y https://t.co/9iViYJUFcc
⚠️ VOLKSWAGEN EXPECTS ORDER GROWTH IN WESTERN EUROPE THANKS TO NEW VEHICLES Full Story → https://t.co/KaaqkPOV6v Volkswagen said on Wednesday that it expects incoming orders in Western Europe to pick up speed in the coming months thanks to the German carmaker's new models. https://t.co/iQofHXqtH9