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German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...
After the VW debacle because of the Emissions fiasco and the subsequent handling of bad press and pending investigations from the US and EU authorities, a new winner has emerged: Toyota. Although general sales have declined for both automotive giants, at a rate of 1.5 percent, Toyota reported sales of 7.49 Million vehicles through September, while VW was able to report 7.43 Million. VW had been leading Toyota in all global sales for the first six months of the year. However, after the scandal, it has prioritized readying a system to repair approximately 11 Million vehicles worl...
There is no doubt that ceratin automotive brands have to benefit from the Volkswagen's troubles after the emissions scandal.Full-line brands including Ford, Toyota and Honda are the most frequently cross-shopped against VW, according to market experts' data. Based on cross-shopping patterns, these brands could gain most if shoppers spurn VW: Ford would gain 26%, Honda - 23%, Toyota - 20%, 18% would go to BMW and 19% - to Mazda.But Volkswagen might have enough in its arsenal to keep some of those shoppers in the fold. Some gasoline-powered VW models had a s...
Volkswagen was the one of the most successfully car maker in car selling, but because of diesel emissions tests they were for a moment stopped. Despite of admitting that 11 million vehicles worldwide were affected by the rigging of diesel emissions tests, the company sold 845 Volkswagen cars.Today's CSO figures show that a total of 5,924 new private cars were licensed for the first time in September, an increase of 35.4% compared with the same time last year. They also disclosed that 3,743 imported, or used, cars were licensed. But the number of imported cars fell by 12.2% compared wi...
Because of the emissions scandal Volkswagen's U.S. sales are already drastically falling down. The consequences will also spread over the individual owner of diesel-powered VWs when trying to sell their vehicles on the used car market. Even though sales are otherwise on track to be extremely vigorous, but due to the VW dealerships' prohibition from selling 2-liter diesel engine vehicles, Volkswagen Group of America's sales are dropping continuously. Sales already fell with 5.2 percent in September and until the end of the month they will decrease at least 2 % more accordi...
