Volkswagen expects progress within the autos market subsequent yr regardless of the worsening financial outlook as order books confirmed ongoing excessive demand was being stifled by provide chain shortages, its chief monetary officer mentioned on Friday.
The carmaker had nearly absolutely compensated the rising vitality and inflation prices this quarter by reducing mounted prices, Arno Antlitz added, serving to it maintain its margin goal regardless of forecasting decrease deliveries than beforehand anticipated.
Chief Govt Oliver Blume additionally mentioned that the corporate remained dedicated to Stage 4 autonomous driving regardless of exiting from its partnership with self-driving startup Argo AI and would determine within the coming month whether or not to proceed with a brand new associate it was at the moment testing out.