Volkswagen (VOW.DE) is the largest car maker in Germany, which owns also other brands like Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT and Skoda.
Volkswagen (VOW.DE)
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BMW, Daimler & VW Lead Declines Following Car Crash Sales Performances
VW Group saw new car sales drop by a total of 2.5% during the month and by 1.8% for the year to date. This was led by a sharp fall in sales of Volkswagen brand cars, which were down by 7.4% in March and 5.9% for the year to date.
BMW investors were also left disappointed when the group posted a 4.9% fall in its French sales for March and a 1.4% drop for the year to date. It was displaced by Daimler in 2016 as the world’s largest retailer of luxury cars.
read at
https://www.thestreet.com/story/14071489/1/bmw-daimler-amp-vw-lead-declines-following-car-crash-sales-performances.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
VW group’s 2016 H1 results are not impressive: car number increased 2.1%, while the revenue dropped -0.8%.
Operation profit margin is only about 7%.
The future does not look that bright. NO point to own it.