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Volkswagen Expects Difficult 2023 For Financial Services Unit

Dec 30, 2022, 10:34 PM

Volkswagen Expects Difficult 2023 For Financial Services Unit

The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year.

1 Min

Reuters | Dec 30, 2022
Volkswagen And Italy's Enel Launch Joint Venture For High-Speed Charging
Volkswagen operates partnerships in Europe with BP and Spain's Iberdrola and is a shareholder in fast-charging venture Ionity with rival carmakers BMW, Mercedes-Benz, Ford and Hyundai.
2 mins read
Reuters | Dec 30, 2022
Indonesia To Offer $5,000 Subsidy On Electric Car Sales
A subsidy of around 80 million rupiah ($5,131) will be offered on every sale of an electric car, 40 million rupiah on hybrid cars and 8 million rupiah on fully electric motorbikes
1 min read
Reuters | Dec 30, 2022
Tesla Plans To Announce Mexico EV Plant Soon - Report
It is unclear what models Tesla would produce in the Mexican factory or when it would begin production
1 min read
Reuters | Dec 30, 2022
Faraday Future Targets April For EV Deliveries, Sees Fresh Funding
The Los Angeles-based company said it expects to start production of its FF 91 Futurist electric car at its manufacturing facility at the end of March 2023.
1 min read
Reuters | Dec 30, 2022
Musk Tells Tesla Workers Not To Be 'Bothered By Stock Market Craziness'
Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter.
1 min read
Reuters | Dec 30, 2022
U.S. FAA Proposes Airworthiness Criteria For Archer Aviation Air Taxi
The Federal Aviation Administration (FAA) issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use.
2 mins read
Reuters | Dec 30, 2022
Oil Set To End Turbulent 2022 With Second Annual Gain
Oil rose and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China.
2 mins read
Reuters | Dec 30, 2022
Indian Shares Rebound On Slide In Oil Prices, Dec F&O Series Expiry
Indian shares swung to gains in the final hour, on slide in oil prices due to demand concerns in China, while volatility was high in domestic market with the expiration of the December derivatives series.
1 min read

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Shubham Parashar | Nov 3, 2021
Auto Sales October 2021: Sonalika Tractors Registers 5.5 Per Cent Growth
The growth is primarily attributed to the festive season demand and Sonalika's new range of tractors like the Tiger and Sikander DLX have been the major volume garners.
1 min read
Reuters | Nov 3, 2021
Volkswagen Invests In EU-Backed Energy Transformation Fund
Volkswagen said on Wednesday it had entered a strategic partnership with EIT InnoEnergy and will become a shareholder in the EU-backed venture.
1 min read
car&bike Team | Nov 3, 2021
Data Reveals Electric Vehicle Registrations Picking Up In Delhi
From July to September this year, EVs accounted for 7 per cent of vehicles registered in Delhi, while CNG vehicles accounted for 6 per cent.
1 min read
car&bike Team | Nov 3, 2021
Akshay Kumar And Director Rohit Shetty Share A Jai-Veeru Moment On A Ducati Monster
Actor Akshay Kumar has posted a photo on his social media handle showing him and filmmaker Rohit Shetty sharing a Jai-Veeru moment on a Ducati Monster. The photo seems to have been taken behind the scenes during the filming of their upcoming movie Sooryavanshi.
1 min read
AFP | Nov 3, 2021
Toyota Joins Opposition To Proposed US EV Tax Credit
Toyota said the proposed credits for union-made vehicles devalue the work of those who chose not to join a union, and send a message that promoting unions is more important than combating climate change.
1 min read
Charanpreet Singh | Nov 2, 2021
CV Sales October 2021: Ashok Leyland Records 11% Y-o-Y Growth
Ashok Leyland's total sales stood at 11,079 vehicles for October 2021, which is a good 11 per cent Year-on-Year (Y-o-Y) growth as compared to the 9,989 units sold in October 2020.
1 min read
Reuters | Nov 2, 2021
Tesla To Recall Nearly 12,000 U.S. Vehicles Over Software Communication Error
Tesla said the recall of 11,704 Model S, X, 3 and Y vehicles was prompted after a software update on Oct. 23 to vehicles in its limited early access Full-Self Driving (Beta) population.
1 min read
Reuters | Nov 2, 2021
China's Ganfeng Lithium Inks 3-Year Supply Contract With Tesla
The new contract will allow the company and its unit to provide products to Tesla for three years starting from 2022, Ganfeng said on Monday in a filing to the Shenzhen Stock Exchange.
1 min read
Seshan Vijayraghvan | Nov 2, 2021
2022 Audi A8 Facelift Unveiled With Sharpened Design And More Tech
Audi has officially pulled the wraps off the new 2022 Audi A8 facelift flagship luxury sedan. The updated model now comes with with bolder styling, a host of new and revised features, and a portfolio of new tech. In fact, with the new A8, the Ingolstadt-based luxury carmaker has also revived the Horch brand, by introducing a top-of-the-line Audi A8 L Horch model.
1 min read