Browsing Tag
Škoda Auto
2 posts
Volkswagen profit collapses 99% as €8.7bn charges expose the cost of its EV transition
Volkswagen Group reported just €71 million in operating profit for the first nine months of 2026 after major impairment and restructuring charges. Strong electric vehicle orders in Europe provide an opportunity, but lower margins, weaker China sales and American tariffs are putting pressure on the group's transformation.
Why Volvo Cars chose Klaus Zellmer after Håkan Samuelsson’s turnaround reset
Volvo Cars has named Škoda chief Klaus Zellmer as its next president and CEO, giving the Volkswagen veteran responsibility for a 42,600-person automaker that has already cut 3,000 positions and now wants 13 new models, lower costs and an EBIT margin above 8%.