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Showing results for VOLKSWAGEN OF AMERICA, INC., an Operating Unit of Volkswagen Group of America, Inc.
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...Thousands of Porsche, Bentley and Audi cars have been impounded in US ports after a supplier to parent group Volkswagen found a Chinese subcomponent in the vehicles that breached anti-forced labour laws....
...It’s also more than an entire Volkswagen, or Stellantis, or Ferrari....
...Volkswagen lost the crown as the world’s largest carmaker by sales to Toyota in 2016 in the wake of its diesel emissions scandal....
...“Volkswagen Group China’s e-offensive is taking effect,” said VW’s China head Ralf Brandstätter....
...Audi said on Tuesday that 2023 operating profits were €6.3bn, down from €7.6bn a year earlier, mainly because of commodities hedging. Sales increased 13 per cent to €69.9bn....
...The closely watched election underscores the resurgence of the labour movement in America....
...The disposal of the retail unit, which has lower margins compared with its international car distribution arm, will help improve the group’s profitability....
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...Along with the U9 sports car, BYD has launched new versions of its plug-in hybrid cars and an aggressive marketing drive to expand in this market....
...In March 2023, another Russian court seized $204mn worth of Volkswagen’s assets in Russia pending a lawsuit by its former partner Gaz Group, owned by sanctions-hit oligarch Oleg Deripaska....
...The Family Dollar deal, struck at an enterprise value of $9.2bn after a fierce bidding war with Dollar General, has instead left the retailer exposed to the toughest part of a struggling bargain retail market...
...Rivals Ford, BMW and Volkswagen do not come close to that eye-watering multiple....
...“These historic union victories are not only improving the lives of union members, but that is beginning to spill over into the lives of non-union workers in America as well,” he said....
...To that end, his company’s US unit is a separate legal entity, with an independent share structure, rather than having the status of being a subsidiary of the Chinese business....
...Carlos Tavares, who took over the combined group from his post at PSA, has wielded the axe to achieve top of the range operating margins, expected to come in at 12.5 per cent for 2023, according to Citi....
...This radius is not an accident....
...At 10 times forward earnings, the stock trades at more than twice the valuation of rival Volkswagen, another group which has had reputational issues....
...Its latest offer to buy shares at $170.81 each allows non-US employees to sell half of their vested stock units, with more to follow after a year....
...The brokerage, a unit of Warren Buffett’s Berkshire Hathaway, was the last remaining defendant in cases that the National Association of Realtors trade group agreed to settle for $418mn in March....
...Research, a Beijing research group....
...At Kohl’s, they generated 381 per cent of total operating income, meaning without credit cards, the company would have made an operating loss. Late fees are a big money spinner....
...mobile phones sold on the fintech group’s platform....
...Volkswagen is reviewing the fate of the VW Polo car in Europe before the end of the decade as emissions regulations start to push up the cost of producing petrol-engine cars....
...Chinese ride-hailing group Didi has curtailed its car-making ambitions with the sale of a business unit to electric-vehicle manufacturer Xpeng, as new entrants in the EV industry find it harder to gain production...
...The combined group would have revenues of about £4.7bn in North America, JD Sports said, adding that the region’s contribution to sales would increase to about 40 per cent, from current levels of about 30...
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