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Volkswagen 2023 Profit Target Looks Tough, While China Electric Challenge Mounts

2 years ago Market forbes
VW reported stronger profits and hopes earnings will reach 2023’s target. A stagnant European economy won’t help, while VW’s EV project is sputtering as competition led by China undermines margins. Meanwhile, a report said China EV competition will gouge €7 billion a year from European profits. Read more at: forbes

Tags : Volkswagen European Chinese UBS Allianz Trade Profit Threat Bernstein FTLex Electric cars

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