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Volkswagen AG net income for the quarter ending June 30, 2026 was $1.493B, a 39.54% decline year-over-year. Volkswagen AG net income for the twelve months endi
by leonidasrup 1mo ago
Volkswagen AG net income for the quarter ending June 30, 2026 was $1.493B, a 39.54% decline year-over-year.
Volkswagen AG net income for the twelve months ending June 30, 2026 was $6.155B, a 32.38% decline year-over-year.
Volkswagen AG annual net income for 2025 was $7.55B, a 34.92% decline from 2024.
Volkswagen AG annual net income for 2024 was $11.601B, a 33.06% decline from 2023.
Volkswagen AG annual net income for 2023 was $17.331B, a 10.64% increase from 2022.
https://www.macrotrends.net/stocks/charts/VWAGY/volkswagen-ag/net-income https://www.macrotrends.net/stocks/charts/VWAGY/volkswagen-a...
German car manufacturers decided against European battery cell production already in 2018.
https://www.reuters.com/article/business/bosch-shuns-battery-cell-production-in-blow-to-europe-idUSKCN1GC2DY/ https://www.reuters.com/article/business/bosch-shuns-battery...
Oliver Blume, the CEO of the Volkswagen Group, has PhD in mechanical engineering. Volkswagen should select someone who has PhD in battery chemistry as the next CEO.
CEO of the BYD Company, Wang Chuanfu, studied metallurgical physical chemistry.
BYD was formally founded on 10 February 1995 as Shenzhen BYD Battery Company Limited, with a focus on producing rechargeable nickel–cadmium (NiCd) batteries.
- whyever 1mo agoThey are currently bootstrapping battery cell production in Germany, see PowerCo.
- leonidasrup 1mo agoFrank Blome CEO of PowerCo SE majored in electrical engineering at the Bielefeld University of Applied Sciences, which is a better then mechanical engineering (Volkswagen CEO). But as electrical engineer myself, chemical engineer would be a better option. They should employs someone from BASF, battery cell production is really a chemical production. https://battery-power.eu/en/frank-blome-powerco-se/ https://battery-power.eu/en/frank-blome-powerco-se/