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Home » VW jumps as better chip supplies are set to fuel sales surge

VW jumps as better chip supplies are set to fuel sales surge

VW is projecting revenue to climb as much as 15%

Bloomberg NewsbyBloomberg News
March 7, 2023
in Technology
Reading Time: 2 mins read
0
Employee conducts quality control checks on a Volkswagen AG (VW) ID.5 electric sports utility vehicle (eSUV) on the assembly line at the automaker's electric automobile plant in Zwickau, Germany, on Tuesday, April 26, 2022. The Zwickau assembly lines are the centerpiece of a plan by VW, the world's biggest automaker, to manufacture as many as 330,000 cars annually.

Photographer: Bloomberg/Bloomberg

Volkswagen AG expects to sidestep a slowing economy with a jump in sales this year as Europe’s biggest carmaker benefits from full order books and better access to semiconductors. VW is projecting revenue to climb as much as 15%, with operating returns reaching as high as 8.5%. That margin would be roughly on par with […]

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Tags: car saleschip shortagePremiumVolkswagenVolkswagen AG
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