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Volkswagen:Quarterly Results/2024 Q2: Difference between revisions
Volkswagen:Quarterly Results/2024 Q2 (view source)
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* Oliver Blume said the environment is challenging that we are faced with geopolitical and economic crisis. | * Oliver Blume said the environment is challenging that we are faced with geopolitical and economic crisis. | ||
* Blume noted that competition has intensified significantly that new competitors with high level of innovation and cost advantages are entering the market. | * Blume noted that competition has intensified significantly that new competitors with high level of innovation and cost advantages are entering the market. | ||
* '''Blume added that we are in an environment characterized by excess capacity and pricing competition, particularly in Europe and China.''' | |||
* Blume said they had a global automotive market share of 11% in H1 with growth in Western Europe being stable and growth in North America and South America expanding significantly. | * Blume said they had a global automotive market share of 11% in H1 with growth in Western Europe being stable and growth in North America and South America expanding significantly. | ||
* There are signs of recovery in electric segment across all the markets, Oliver Blume said. Global BEV deliveries were on prior level in Q2 after a slight decline in Q2. | * There are signs of recovery in electric segment across all the markets, Oliver Blume said. Global BEV deliveries were on prior level in Q2 after a slight decline in Q2. | ||