Volkswagen

Volkswagen: Local Operations Affected by Baltimore Bridge Collapse

Volkswagen said Tuesday that its port operations in Baltimore were not affected by the collapse of a local bridge because of the location of its facilities. “We do not anticipate any effect on the vessel’s operations, but there could be delays in shipping. of trucks as traffic will be diverted in the area,” the automaker said in an emailed statement. Volvo Group, which makes trucks, structures and engines, said it was reviewing its stock at its U. S. production facilities. It could also simply be a worst-case disruption, adding that no major impact is currently expected.

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Volkswagen expects sales expansion to slow as economic outlook darkens

Volkswagen on Friday forecast a slowdown in sales expansion in 2024, joining rivals in caution in the face of a weaker economic outlook, higher festivals and higher costs. Europe’s biggest automaker, whose brands include Audi, VW and Lamborghini, expects sales to rise as much as 5% in 2024, following a 15. 5% rise last year to 322. 3 billion euros ($349 billion). Volkswagen’s chief financial officer, Arno Antlitz, forecasts a “moderate economic outlook and an intense festival” for 2024, the automaker remains confident in the full year, unveiling new product launches.

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