Volkswagen: positive outlook despite crisis
(CercleFinance.com) - The Volkswagen Group has confirmed its outlook for 2020 and maintains its planned investments despite the pandemic.
The German carmaker's transformation is not being slowed down by corona, but rather accelerated, said CEO, Herbert Diess.
Volkswagen plans to invest 33 billion euros in electric mobility by 2024 and aims to become the market leader in battery-powered electric vehicles.
The group's worldwide sales fell by 21.5% in the first eight months of the year: 5.6 million vehicles were sold over the period, compared with 7.1 million a year ago. Despite this, the group recorded a 0.4 point increase in its global market share compared with the previous year, bringing it to 13%.
VW also confirmed its forecast of a positive operating result for 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The German carmaker's transformation is not being slowed down by corona, but rather accelerated, said CEO, Herbert Diess.
Volkswagen plans to invest 33 billion euros in electric mobility by 2024 and aims to become the market leader in battery-powered electric vehicles.
The group's worldwide sales fell by 21.5% in the first eight months of the year: 5.6 million vehicles were sold over the period, compared with 7.1 million a year ago. Despite this, the group recorded a 0.4 point increase in its global market share compared with the previous year, bringing it to 13%.
VW also confirmed its forecast of a positive operating result for 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.