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Tag Archives: AUDI AG
VW Group – €2.6 Billion Exposure Over EV Plant Closing
In an ad hoc release late yesterday, the Volkswagen Group slashed its annual financial results forecast over the costs of the potential shutting down of an Audi EV plant in Brussels. In total, this will lead to a “burden on the operating result of up to €2.6 billion in the 2024 financial year.” Continue reading
Posted in auto news, electric vehicles, financial results, labor issues, mobility company, news analysis
Tagged AUDI AG, Audi Brussels EV plant, Audi Q8 e-tron, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, EV Grumblings, Ken Zino, Volkswagen AG
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F1 – Qatar Investment Authority Buys Into Sauber
QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with institutions around the world “to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.” It is the subject of controversies, including its dealings with Russia, embezzlement charges of former executives, its ownership of Heathrow airport, the PGA tournaments, the football World Cup, among others. Continue reading →