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Volkswagen's EVs Are Selling Like Crazy. That's Actually Hurting Its Profits
Summary by Inside EVs
6 Articles
6 Articles
The company is suffering from its own success: Rising EV sales exert additional pressure on revenues.
·Berlin, Germany
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The German group's financial director says that for every 100 euros in sales revenue, less than 4 euros remain as operating profit.
Volkswagen's new cheap electric cars have been a great success. But now there is an internal alarm that the venture could become a financial nightmare. According to information from a Volkswagen manager, the group risks losing around ten billion kronor on the new small cars. Volkswagen has invested heavily in developing cheaper electric cars for the masses. […]
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Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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