{"id":77783,"date":"2024-03-13T02:14:17","date_gmt":"2024-03-13T07:14:17","guid":{"rendered":"https:\/\/equitynewsreport.com\/volkswagen-expects-order-growth-in-western-europe-thanks-to-new-vehicles\/"},"modified":"2024-03-13T02:14:17","modified_gmt":"2024-03-13T07:14:17","slug":"volkswagen-expects-order-growth-in-western-europe-thanks-to-new-vehicles","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/volkswagen-expects-order-growth-in-western-europe-thanks-to-new-vehicles\/","title":{"rendered":"Volkswagen expects order growth in Western Europe thanks to new vehicles"},"content":{"rendered":"<div readability=\"61\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Volkswagen expects order growth in Western Europe thanks to new vehicles\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2C06F_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. FILE PHOTO: A Volkswagen ID.5 electric car is displayed at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS\/Stephane Mahe\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>BERLIN (Reuters) &#8211; Volkswagen (ETR:) said on Wednesday that it expects incoming orders in Western Europe to pick up speed in the coming months thanks to the German carmaker&#8217;s new models. <\/p>\n<p>This also applies to the electric cars that are already on the market and for which Volkswagen has started the new year with a clearly positive trend, it said. Volkswagen recently launched the ID.7 on the market. More than 30 new models have been announced across the Group for the current year.<\/p>\n<p>The carmaker earlier this month released a muted outlook and a higher dividend, rewarding shareholders ahead of what it expects a tougher year for car markets in light of rising costs, tougher competition and higher inflation.<\/p>\n<p>The company is currently in cost-cutting mode and has unveiled plans to slash administrative staff costs at its namesake brand by a fifth, adding this would happen via partial and early retirement as opposed to layoffs.<\/p>\n<p>Volkswagen said the operating return on sales of its brand group Core rose to 5.3% from 3.6% in 2023, in an important first step towards its target of 8%.<\/p>\n<p>The rise for the group including Volkswagen, Volkswagen Commercial Vehicles, Skoda and SEAT\/CUPRA is primarily due to strong sales revenue growth, with a 21% increase to 137.8 billion euros ($150.55 billion), it said. <\/p>\n<p>($1 = 0.9153 euros) <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: A Volkswagen ID.5 electric car is displayed at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS\/Stephane Mahe\/File Photo BERLIN (Reuters) &#8211; Volkswagen (ETR:) said on Wednesday that it expects incoming orders in Western Europe to pick up speed in the coming months thanks to the German carmaker&#8217;s new models. This also applies to the electric cars that are already on the market and for which Volkswagen has started the new year with a clearly positive trend, it said. Volkswagen recently launched the ID.7 on the market. More than 30 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77784,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77783"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77783"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77784"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}