According to the EVO website, the Volkswagen Group released data at the annual revenue conference, and its brands Bentley, Seat, Skoda and Porsche have performed well in the past year. The Audi brand did not perform well due to the emissions scandal.
At this annual meeting, Volkswagen Group CEO Matthias Mullen has confirmed that in addition to the two major brands, other brands of the Volkswagen Group performed strongly in 2016.
Although the two major brands of Audi and Volkswagen are suffering from the huge sting of the emissions scandal, Bentley, Seagate, Skoda and Porsche brands have shown strong profit growth performance, especially the Porsche brand, which is now the world's most A car brand that makes money.
It is understood that the Porsche brand's full-year profit last year was 3.9 billion euros (about 3.4 billion pounds). In addition, compared with 2015, the Porsche brand's 2016 profit growth rate was 13.9%.
However, within the entire Volkswagen Group, its core brand, Volkswagen, is still suffering from the sting of the emissions scandal. In 2016, the Volkswagen Group's annual sales revenue was 217.3 billion euros and its operating profit was 7.1 billion euros (about 6.2 billion pounds). If it is not included in special projects, the Group's operating profit has created a new record and reached a historic level. 14.6 billion euros. However, Volkswagen has suffered a cost loss of 6.4 billion euros (about 5.6 billion pounds) to solve the emissions scandal. Compared with the 2015 cost of 16.2 billion euros (14.2 billion pounds), the related expenditures in 2016 decreased a lot. However, up to now, the total cost of the Volkswagen Group's settlement for the emissions scandal has reached nearly 19.8 billion pounds.
Other brands of the Volkswagen Group have released more promising performance figures. Both the SEAT brand and the Skoda brand have achieved very good profits. Among them, the Skoda brand's profit last year was 1.2 billion euros (about 1.05 billion pounds). Compared with the 2015 profit, the increase is more than one-third. What is more interesting to the outside world is the performance growth of the Bentley brand – the brand's shipments in 2016 increased by 6.4% compared to 2015. However, due to the cost of the launch of the new model Bentayga, the Bentley brand's full-year profit for 2016 was 112 million euros (about 98 million pounds), which is basically the same as the 2015 profit.
But there are also news of the fly in the ointment. The Audi brand once again released data on year-round profit declines – compared to the 5.15 billion euros (about 4.49 billion pounds) in 2014 and the 4.84 billion euros (4.22 billion euros) in 2015, the Audi brand's 2016 profit is only 30. One hundred million euros (about 2.6 billion pounds). One of the reasons for the decline in profit this year was that during 2016, Audi paid a settlement fee of 1.8 billion euros (about 1.4 billion pounds) for the emissions scandal. In addition, the launch of Audi's two high-profile models, the Audi Q2 and the Audi Q5, also dragged down the company's overall profit. It is understood that these two new models take up a lot of time and capital costs for Audi cars.
During this meeting, in addition to an overview of the profits of the various brands of the Volkswagen Group, the company's CEO Matthias Mullen also explained his vision for the future development of the Volkswagen Group. Volkswagen Group hopes to gradually reduce its negative impact on the investment and research and development of electric vehicle and battery technology in the future. Mullen said frankly: "We believe that battery technology will be another core competitiveness in the future. In recent months, we have developed and approved a phased implementation plan, hopefully by 2025, This will enable you to achieve a leading position in technology in Europe."
5000 Puffs Vape,Puff Plus Puff Bar,Posh Puff E-Cigarette,Disposable Puff Series Vape Pen
Guangzhou Yunge Tianhong Electronic Technology Co., Ltd , https://www.e-cigarettesfactory.com