Volkswagen AG (VLKPF)
- Yahoo Finance Video
Lamborghini unveils hybrid Urus SUV
Lamborghini has unveiled a hybrid version of its Urus SUV. Lamborghini CEO Stephan Winkelmann says buyers are snapping up the vehicle because they'll still get the Lamborghini performance they want in addition to fewer CO2 emissions. Watch the video above to hear why Winkelmann told Yahoo Finance's Pras Subramanian there "is no weakness" in the luxury consumer world right now. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
- CNN Business
Volkswagen’s electric car orders double in Europe
Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs.
- Reuters
WRAPUP 1-Shift to new models, weak demand hit Europe's automakers
Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models and faced weaker consumer demand for new cars as interest rates remain high. The news hit the automakers' stocks. In early trading Mercedes shares were down 3.6%, Stellantis nearly 1.5% and Volkswagen 2.1%.
