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VWAPY Volkswagen AG (PK)

12.10
-0.18 (-1.47%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Volkswagen AG (PK) USOTC:VWAPY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.18 -1.47% 12.10 12.00 12.21 12.18 12.07 12.12 244,415 21:28:00

Audi EV Margins Will Take Longer Than Expected to Match Gas-Burning Cars, Handelsblatt Reports

14/12/2023 3:49pm

Dow Jones News


Volkswagen (PK) (USOTC:VWAPY)
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--Audi's electric-car business will take longer than expected to reach profit margins on par with its conventional, gas-burning car business, German newspaper Handelsblatt reports, citing an interview with Chief Executive Officer Gernot Doellner.

--The Volkswagen subsidiary wanted to reach margin parity by the end of the decade, but Doellner now says it will likely take longer, Handelsblatt reports.

--Audi is facing strong competition in China and wants to strengthen its North American presence, according to the newspaper.

--Audi didn't immediately respond to a request for comment by Dow Jones Newswires.

 

Full story (in German): https://shorturl.at/aekBI

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

December 14, 2023 10:34 ET (15:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Volkswagen (PK) Chart

1 Year Volkswagen (PK) Chart

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1 Month Volkswagen (PK) Chart