- VW Profit Margin Drops Below 2% - CATL Profit Shoots Up 42% - Tesla Shorts Made $4 Billion Yesterday - France Turns Up Its Nose to FSD - Porsche To Ax 5,000 More Jobs - Trump’s New Tariffs Won’t Affect Autos - Cadillac F1 Investor Faces SEC Investigation - Hyundai Forms Bi-Directional Charging Business Unit - Massachusetts Pays for V2G - Volvo EX60 Gets 330 Mile Rating

AD #4341 - VW Profit Margin Drops Below 2%; Tesla Shorts Made $4 Billion Yesterday; Cadillac F1 Investor Faces SEC Investigation

Autoline Daily

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[SPEAKER_C] This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry. The Volkswagen Group reported its earnings for the first half, and the numbers are discouraging. It sold 4 million vehicles, down more than 8%. And yet its revenue was down only a fraction of a percent, coming in at €158 billion. But here's where the numbers get bad. Its operating profit of €5.9 billion was down more than 11%, and its net profit plummeted almost 31% to just over €3 billion. It also had negative cash flow of €1.3 billion. And VW's net profit margin was only 1.9%, which shows why the company wants to close 4 factories in Germany and get rid of 100,000+ jobs. Meanwhile, it's a completely different story at CATL. Its revenue shot up 55% in the first half of the year to almost $41 billion, and its net profit shot up 42% to $6.4 billion, giving the company a net margin of more than 15%. One thing driving CATL's growth is a surge in demand for batteries that are used for energy storage, which in turn is being driven by demand for AI data centers and by storage for renewable energy. Last year, Elon Musk predicted there would be millions of fully autonomous Tesla robotaxis by the second half of this year.

AD #4341 - VW Profit Margin Drops Below 2%; Tesla Shorts Made $4 Billion Yesterday; Cadillac F1 Investor Faces SEC Investigation

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AD #4341 - VW Profit Margin Drops Below 2%; Tesla Shorts Made $4 Billion Yesterday; Cadillac F1 Investor Faces SEC Investigation

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.