The automaker is proposing a dividend of 8.70 euros per peculiar share and eight.76 euros per most popular share, a 1.20-euro per share improve over final 12 months’s payout.
VW Group’s deliveries fell 7 p.c to eight.26 million final 12 months as chip shortages squeezed manufacturing of quantity sellers such because the Golf hatchback. Sales of battery-electric vehicles rose 26 p.c to 572,100 because the automaker prioritized EVs for scarce chips.
Waning demand
VW’s robust forecast comes amid issues over waning demand later this 12 months as report inflation and slowing economies more and more squeeze automobile patrons.
CEO Oliver Blume, who changed Herbert Diess within the prime job in September, is below stress to revamp the corporate’s software program push and defend VW’s place in its greatest market China in opposition to home-grown producers.
Mercedes-Benz, Renault and Stellantis reported wholesome earnings prior to now weeks on excessive costs and orders they amassed throughout the top of the supply-chain disaster.
While returns are robust for now, carmakers proceed to battle supply-chain snarls. Thousands of unsold automobiles and unused uncooked supplies have been piling up at vegetation in Europe due to truck and practice shortages.
The issues, following chip shortages which can be lastly easing, have prompted Stellantis and Renault to try to recruit truck drivers amongst their manufacturing facility employees.
Bloomberg and Reuters contributed to this report
Source: europe.autonews.com