The report of German automaker Volkswagen for 2018 showed a net profit increase of 6.1% to 4 billion 620 million euros and an increase in revenue by 1.7% to 78 billion euros. According to the annual report, the Volkswagen Group, which owns 12 brands, increased its operating profit by 0.7% to 13 billion 920 million euros. Its revenue amounted to 235 billion 849 million euros, having risen by 2.7% over the year. Over the past year, the company produced cars worth 11 billion 18 million euros, which is 1.3% more than in 2017. Sales rose 1.1% to 10 billion 900 million euros. A 2% drop in supply was noted in North America. At the same time, other regions showed their growth. The passenger car division reported a slight decrease in operating profit and revenue growth. The number of sold cars amounted to 3 million 715 thousand, an increase from the figure of 2017 in 3 million 573 thousand cars.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
Early Tuesday saw European stocks push lower, resulting from signs of a weakening German economy, the region's industrial powerhouse. The DAX in Germany traded 0.9% lower at 3:55 AM ET (0705 GMT). Also experiencing the plunge are France's ...