Volkswagen cuts EV output at German sites as demand craters
VOLKSWAGEN (VW) is curbing the production of electric vehicle ( EV) models at two German plants due to declining European demand and shrinking government subsidies.
Tag: Demand
Volkswagen eyes job cuts at key EV factory over cratering demand
VOLKSWAGEN is cutting temporary workers at its main electric-vehicle factory in Germany because of waning orders for its EVs in Europe.
Air New Zealand sees strong customer demand in 2024; swings to annual profit
AIR New Zealand on Thursday (Aug 24) signalled robust customer demand for the financial year 2024, after posting a large annual profit helped by a rebound in travel and lower….
Lufthansa profits surge on booming demand
LUFTHANSA said Thursday (Aug 3) second-quarter profits more than tripled on booming demand, putting the airline giant on course for one of its best annual results as it recovers from….
Maersk warns of slower demand for container shipping
SHIPPING group AP Moller-Maersk warned on Friday (Aug 4) of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers….
Rolls-Royce leaps as airline and defence demand lifts profits
AERO-ENGINEER Rolls-Royce hiked its full-year operating profit forecast by around 45 per cent on Wednesday (Jul 26) after operational improvements, increased military spending and a recovery in long-haul flying delivered….
Chipmakers Hint at Ease of Chip Supply Glut but Demand Recovery Still Slow
From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI)….