Volkswagen Ultapuran, owner of 12 car companies

volkswagens-profit-increases-sales-sales-less-car-last year

When there is a decline in trading, the amount of profit also goes down. However, in the case of the German multinational car company Volkswagen, the opposite is true. According to the agency, despite the decline in car sales last year, profits rose to 15.4 billion euros, which is equivalent to about Rs 1.29 lakh crore in Indian currency.

Volkswagen has blamed the crisis in the supply of semiconductor chips for the drop in car sales. However, they are giving the credit of increasing profits to the buyers. who have taken home the company’s high-spec and featured cars. That is, he bought an expensive car.

The Volkswagen Group, which owns 12 well-known car companies including Audi, Bentley, Ducati, Porsche and Bugatti Skoda, sold 600,000 cars last year. Which is 6 lakh and 24 lakh less than 2020 and 2019 respectively.

Once again the dreadful time of the Kovid-19 supermass has passed, but the war between Russia and Ukraine has become a matter of concern for Volkswagen. Because military conflict between the two countries is a very bad sign for the European economy. The agency’s CEO Herbert fears that if the war does not end, the economies of Germany and Europe will be in worse shape than in the first year of the crisis.

a person who is very knowledgeable or enthusiastic about technology, and especially high technology