Volkswagen (VOW.DE) is the largest car maker in Germany, which owns also other brands like Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT and Skoda.
Volkswagen (VOW.DE) is the largest car maker in Germany, which owns also other brands like Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT and Skoda.
BMW, Daimler & VW Lead Declines Following Car Crash Sales Performances
VW Group saw new car sales drop by a total of 2.5% during the month and by 1.8% for the year to date. This was led by a sharp fall in sales of Volkswagen brand cars, which were down by 7.4% in March and 5.9% for the year to date.
BMW investors were also left disappointed when the group posted a 4.9% fall in its French sales for March and a 1.4% drop for the year to date. It was displaced by Daimler in 2016 as the world’s largest retailer of luxury cars.
read at
https://www.thestreet.com/story/14071489/1/bmw-daimler-amp-vw-lead-declines-following-car-crash-sales-performances.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
VW group’s 2016 H1 results are not impressive: car number increased 2.1%, while the revenue dropped -0.8%.
Operation profit margin is only about 7%.
The future does not look that bright. NO point to own it.