VW had acquired Bentley some twenty years ago for €1.5bn. The brand has hardly ever achieved a more than reasonable profit with the most recent record EBIT margin of 5.7% generated in 2015 and the highest absolute EBIT number of €112m in 2016. Compared to these numbers, 2018 has been a disaster.
07 Jan 2019
VW’s Board gives Bentley a maximum grace period of two years
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VW’s Board gives Bentley a maximum grace period of two years
VW had acquired Bentley some twenty years ago for €1.5bn. The brand has hardly ever achieved a more than reasonable profit with the most recent record EBIT margin of 5.7% generated in 2015 and the highest absolute EBIT number of €112m in 2016. Compared to these numbers, 2018 has been a disaster.