AutoBeta(AutoBeta.net)02/25 Report--

On Friday, Volkswagen Group announced its 2018 results, showing a turnover of 235.8 billion euros in 2018, up 5% from a year earlier; pre-tax profit of 15.6 billion euros, up from 13.7 billion in 2017; and operating profit of 171 billion and 170 billion in 2017. Deiss expects Volkswagen's profit margin to be between 6.5% and 7.5% after paying extra expenses, including the exhaust valve.

With regard to the poor performance, Volkswagen CEO Dis said that the introduction of the Global uniform Light vehicle Emission Test Code (WLTP) and exhaust valve compensation in the European Union affected Volkswagen's performance in 2018, including 3.2 billion euros in special project expenditure caused by the Volkswagen diesel engine emission incident last year, which had a certain impact on the financial data.

Volkswagen Group's global delivery of new cars reached 10.834 million in 2018, a slight increase of 0.9% over the same period last year, continuing to set a record in the group's annual sales history and continue to win the top spot in global sales.

According to the global sales details previously released by Volkswagen Group, Volkswagen Group in Europe sold 4.38 million vehicles in 2018, an increase of 1.2% over the same period last year. In North America, Volkswagen sold 956700 vehicles in 2018, down 2 per cent from a year earlier. In South America, Volkswagen sold 590000 vehicles in 2018, up 13.1% from a year earlier. In the Chinese market, Volkswagen Group's cumulative sales reached 4207100 vehicles, accounting for 38.9% of Volkswagen Group's total global sales in 2018, and remains its largest single market.

Volkswagen also faces huge challenges in its global sales performance due to the decline in sales in China and other reasons, with global sales of about 882000 vehicles in January, down 1.8 per cent from a year earlier. Sales in china, the world's largest single market, fell 2.9 per cent from a year earlier to 387300 vehicles. Deiss also said that Volkswagen will face more difficult challenges in a number of important auto markets in 2019. Deiss said Volkswagen's sales in China will decline significantly this year.

In addition to the US market, US President Donald Trump recently announced that the United States would impose huge tariffs on cars imported from the EU if an agreement could not be reached between the United States and the European Union. For a long time, the tariff on imported cars in the United States is only 2.5%, while that on trucks is 25%, while Trump has proposed a 25% tariff on European cars, especially on Germany, which has caused damage to the US auto industry.

On the other hand, the public has stated that the imposition of additional tariffs in the United States will lead to a significant loss of corporate profits. Potential U.S. tariff policies have become the biggest threat to Volkswagen's profit forecasts in 2019, which could cost the company 2.5 billion euros (19 billion yuan) a year, Volkswagen Group CEO Herbert Dis (Herbert Diess) said in an interview.

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