VW Raises Earnings Outlook Even as Chip Crunch Cuts Deliveries

Bloomberg2021-07-29

Volkswagen AG lifted its earnings outlook after strong profits at its luxury-car brands helped to limit the fallout from the global chip shortage, which forced it to cut expectations for deliveries ...

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Cheng67
2021-07-29
Cheng67
Like, pls
SanWin
2021-07-29
SanWin
okY
Hoba
2021-07-29
Hoba
Huat huat huat
Yuting99
2021-07-29
Yuting99
Okay
Derekwkm
2021-07-29
Derekwkm
Good?
Derekwkm
2021-07-29
Derekwkm
Ok

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Semiconductor scarcity will be more severe during the second half of the year, VW said, also highlighting risks from volatile commodity prices .\n“We have successfully contained the impacts of the semiconductor bottlenecks to date, although we anticipate somewhat more pronounced effects in the third quarter,” Chief Financial Officer Arno Antlitz said in a statement.\nVW is joining peers includingDaimler AGandStellantis NVwith robust results, bucking chip issues that have stymied manufacturing worldwide along with lingering restrictions related to the pandemic. Solid profits are pivotal to financing VW’s plans to phase out combustion engines and push into software, mobility services and automated driving features.\nTesla Inc., which VW has vowed to unseat as the leading EV maker, has been picking up speed as well with eight straight quarters of profit and margins that dwarf those of incumbent rivals.\nVW’s adjusted operating profit of 11.4 billion euros ($13.5 billion) in the first six months was ahead of the 10 billion euros it reported in the same period of of 2019, before the pandemic hit. 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Investors have cheered the industry’s most comprehensive push to transition from combustion engines, bidding up VW’s common shares more than 60% this year.\nVW has budgeted 73 billion euros for electrification and digital offerings from this year through 2025, half of overall spending.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":808349091,"gmtCreate":1627560628213,"gmtModify":1633763810232,"author":{"id":"3571534392484576","authorId":"3571534392484576","authorIdStr":"3571534392484576","name":"Cheng67","avatar":"https://static.tigerbbs.com/bab10b20b16c407349010c72c9f3dad3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571534392484576"},"htmlText":"Like, pls","listText":"Like, pls","text":"Like, pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808349091","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":808042194,"gmtCreate":1627547003818,"gmtModify":1633763925180,"author":{"id":"3577248594094332","authorId":"3577248594094332","authorIdStr":"3577248594094332","name":"SanWin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577248594094332"},"htmlText":"okY","listText":"okY","text":"okY","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808042194","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":808096324,"gmtCreate":1627541131868,"gmtModify":1633763968517,"author":{"id":"3582928782122574","authorId":"3582928782122574","authorIdStr":"3582928782122574","name":"Hoba","avatar":"https://static.tigerbbs.com/59c2266c2e959396b467872738c290cc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582928782122574"},"htmlText":"Huat huat huat","listText":"Huat huat huat","text":"Huat huat huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808096324","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":808004896,"gmtCreate":1627540484415,"gmtModify":1631892498618,"author":{"id":"3568857665922217","authorId":"3568857665922217","authorIdStr":"3568857665922217","name":"Yuting99","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568857665922217"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808004896","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":808002369,"gmtCreate":1627540300651,"gmtModify":1633763972571,"author":{"id":"3573164225799116","authorId":"3573164225799116","authorIdStr":"3573164225799116","name":"Derekwkm","avatar":"https://static.tigerbbs.com/f209aa95590d0610db2e3a64eb7debee","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573164225799116"},"htmlText":"Good?","listText":"Good?","text":"Good?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808002369","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":808008713,"gmtCreate":1627540246832,"gmtModify":1633763973574,"author":{"id":"3573164225799116","authorId":"3573164225799116","authorIdStr":"3573164225799116","name":"Derekwkm","avatar":"https://static.tigerbbs.com/f209aa95590d0610db2e3a64eb7debee","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573164225799116"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808008713","repostId":1168291084,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":37,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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