Volkswagen Aims to Keep Profitability at 2018 Level This Year, Says CEO

Volkswagen Aims to Keep Profitability at 2018 Level This Year, Says CEO

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Business

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The transcript discusses the challenges faced by Volkswagen, Porsche, and Audi in maintaining profitability despite rising sales. It highlights the impact of WLTP changes and currency fluctuations. The market outlook remains challenging, with Brexit and the China-U.S. trade deal being critical factors. The company is optimistic about maintaining profitability through new technology investments and product launches. The importance of a stable Brexit and a favorable China-U.S. trade deal is emphasized. The company aims for a 5% sales growth and plans to cut costs incurred from the WLTP changeover.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did Volkswagen face in maintaining profitability in 2019?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Brexit impact Volkswagen's operations in the UK?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is Volkswagen's outlook for sales growth in the current year?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies is Volkswagen implementing to address market challenges?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How important is the China-U.S. trade deal for Volkswagen's profitability?

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