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Volkswagen: Difference between revisions
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</ref>. By announcing the planned launch of this model, Volkswagen outbids Tesla, which announced in 2020 that it will launch a similar version though noting to show off so far<ref>https://fortune.com/2023/03/16/elon-musk-tesla-volkswagen-id2-electric-car-for-the-masses-unveiled-volkswagen/</ref>. | </ref>. By announcing the planned launch of this model, Volkswagen outbids Tesla, which announced in 2020 that it will launch a similar version though noting to show off so far<ref>https://fortune.com/2023/03/16/elon-musk-tesla-volkswagen-id2-electric-car-for-the-masses-unveiled-volkswagen/</ref>. | ||
=== Volkswagen Financial Services === | |||
March 21, 2023. Volkswagen's Financial Services expects a drop in earnings in 2023. "Subject to macroeconomic and political developments, Volkswagen Financial Services expect earnings in 2023 to be significantly below last year's level." Frank Fiedler, chief financial officer of Volkswagen Financial Services, said. "2022 was once again an exceptional financial year strongly affected by special factors. It can be anticipated that a repeat of such a result will not be possible in the short term." | |||
Volkswagen Financial Services Operating profit declined 1.2% to EUR 5.6 billion. | |||
The special factors which affected the 2022 results include lower risk costs for credit and residual value risks and the continued high revenues from its used car business<ref>https://www.vwfs.com/en/media/press-releases/2023/Volkswagen-Financial-Services-close-financial-year-2022-with-very-good-result.html</ref>. | |||
==References== | ==References== | ||
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