GERMAN AUTO GIANT ON THE BRINK? VOLKSWAGEN IS LOSING BILLIONS!
Down €5.82 billion in a single quarter! 📉 But there’s an important caveat: a significant portion of this loss is not due to a direct cash outflow, but to an accounting write-down of Porsche assets worth €6.4 billion. This is a reduction in the value of assets, not a transfer of that amount out of the company’s account.
However, Volkswagen’s problems don’t end there: sales are falling, the Chinese market is becoming increasingly challenging, and competition is intensifying.
On the horizon: large-scale job cuts, problems with factory utilization, and an operating margin forecast of no more than 1%.
🎩 Good Genie asks: are these temporary difficulties or the beginning of the decline of the German auto industry? Can Volkswagen regain its former position?
🔥 Subscribe to Good Genie — here we discuss events that are changing the world!#LuckyGenie
#Volkswagen #Porsche #AutoIndustry #Germany #china #Economy
Down €5.82 billion in a single quarter! 📉 But there’s an important caveat: a significant portion of this loss is not due to a direct cash outflow, but to an accounting write-down of Porsche assets worth €6.4 billion. This is a reduction in the value of assets, not a transfer of that amount out of the company’s account.
However, Volkswagen’s problems don’t end there: sales are falling, the Chinese market is becoming increasingly challenging, and competition is intensifying.
On the horizon: large-scale job cuts, problems with factory utilization, and an operating margin forecast of no more than 1%.
🎩 Good Genie asks: are these temporary difficulties or the beginning of the decline of the German auto industry? Can Volkswagen regain its former position?
🔥 Subscribe to Good Genie — here we discuss events that are changing the world!#LuckyGenie
#Volkswagen #Porsche #AutoIndustry #Germany #china #Economy
