Company plans record number of new models while also warning of ‘muted economic outlook and intense competition’
Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and sharper competition. Photograph: Martin Divisek/EPAVolkswagen expects a 3 per cent rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition.
The company, which recently launched the electric ID.7 and plans a record 30 more new models during 2024, said it had “started the new year with a clearly positive trend” compared with the start of last year. When asked about demand for EVs, Volkswagen chief executive Oliver Blume said they were “the future, period”, but added, “we’re flexible enough to adapt to changes in different markets”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CAO 2024: Applications up for high-points courses such as veterinary science, dentistry and pharmacyDrop off in applications for courses in environment and computing/technology and medicine this year, despite job strong opportunities
Read more »
Referendum 2024: 'Carers looks like it's going to be lost' in DublinBallots are being opened on a consistency basis at various centres around the country before being fed into the central results centre in Dublin Castle
Read more »
Referendum 2024: 'The case we presented didn't win''We do own the working and obviously the case we presented didn't win'
Read more »
Referendum 2024: ‘Count Ref-ula' bat removed from Limerick count centreWhile tallies for this weekend's referendum are flying in across the country, one bat was flying across the Limerick count centre today.
Read more »
Bank holidays Ireland 2024: Full list as March St Patrick’s Day break imminentMost employers across the state observe all 10 bank holidays and employees are entitled to paid leave under the Organisation of Working Time Act
Read more »