Volkswagen Sees Pressure On Margins Through H1 2027
Oct 29 (Reuters) - Volkswagen VOWG.DE,
VOLKSWAGEN CFO: NOT YET ABLE TO COMMENT ON FINANCIAL IMPLICATIONS OF AUDI US INVESTMENT PENDING APPROVAL
VOLKSWAGEN CFO: EXPECT GREATER PRESSURE ON MARGINS IN Q4 AND H1 2027 DUE TO EV RAMP-UP
VOLKSWAGEN CFO: AUDI PLANT IN US IS NOT REFLECTED IN INVESTMENT PLANNING ROUND
VOLKSWAGEN CFO: AIMING FOR 135 BILLION EUR INVESTMENTS FROM 2027-31, MAKING FOR INVESTMENT QUOTA OF AROUND 9%
VOLKSWAGEN CFO: CONFIDENT THAT WE WILL REACH POSITIVE CASH FLOW IN Q4
VOLKSWAGEN CFO: EXPECT COMPETITIVE PRESSURE TO STAY IN EUROPE BUT THERE MIGHT BE SMALL RELIEF FROM EU AGREEMENT WITH CHINA
VOLKSWAGEN CFO: DEPENDENCE ON CHINA MARKET IN TERMS OF PROFIT HAS SIGNIFICANTLY DECREASED
VOLKSWAGEN CFO: CANNOT PREDICT WHETHER WE GET AN AGREEMENT WITH UNIONS AT END OF YEAR OR START OF NEXT YEAR, REMIND EVERYONE OF RESPONSIBILITY TO THIS COMPANY
VOLKSWAGEN CFO: VOLKSWAGEN CHINA JV ANHUI IS MAKING LOSSES, WANT TO TURN THEM AT LEAST TO BREAK-EVEN BY 2030
VOLKSWAGEN CFO ON FURTHER ASSET DISPOSALS: WE DO IT WHEN IT'S BEST FOR COMPANY AND SHAREHOLDERS, WE ARE NOT DESPERATE