VW’s Q3 23 results hardly breaking news following the group’s preliminary results and profit warning. The management did however confirm what we had heard in the statements from the peers i.e. that demand for BEV is going through a weak phase. Also, the Brand Group Core’s margin profile remained disappointing, while VW confirmed that the implementation of the €10bn cost-cutting plan is running behind schedule. Lastly, VW could reduce its sails for some time in China leaving its BEV offensive for ....
