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The East brand shows how it works: The new star in the VW Group is called Skoda

Summary by N-tv.de
E-car fluts, sales crisis in China, location Germany too expensive. In addition, the Damoclessword US tariffs - there is no lack of problems at VW. But there is a bright light: Skoda. The once ridiculed brand is now a model for the entire company.

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E-car fluts, sales crisis in China, location Germany too expensive. In addition, the Damoclessword US tariffs - there is no lack of problems at VW. But there is a bright light: Skoda. The once ridiculed brand is now a model for the entire company.

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The profit of the Volkswagen Group fell by more than 30 percent in 2024. The once leading VW brand weakens strongly. However, the Group is the leader in electric cars in Europe.

·Vienna, Austria
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The Mladá Boleslav-based automaker confirms with last year's financial results that it is one of the driving forces of the entire Volkswagen Group, which is struggling with deep-rooted problems and a complicated situation on global markets.

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Last year, Škoda Auto sold a record 695.4 billion crowns worth of cars, and its operating profit increased by almost 30 percent year-on-year. The entire VW group fared less well, with its profit falling by 15 percent.

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Wolfsburg - Last year, the carmaker Škoda Auto increased its operating profit to 2.3 billion euros (57.5 billion CZK) from 1.77 billion euros (44.3 billion CZK) the year before. The profit was supported by higher sales, a favorable composition of cars sold and exchange rate developments. This was announced in today's results report by the parent group Volkswagen, whose net profit fell by 30.6 percent to 12.39 billion euros (310 billion CZK) last…

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ceskenoviny.cz broke the news in on Tuesday, March 11, 2025.
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