Automotive

VW: Warning and Greenpeace

TL: DR - VW would like you to lower your expectations for 2023, and they would like Greenpeace to lower their expectations of emission reductions.
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VW: Warning and Greenpeace

Volkswagen is sounding an alarm about 2023.

Yesterday they reported a 6.8% drop in sales in 2022 and warned that they expect the effects of the chip shortage to persist through 2023.

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Not for lack of trying or demand. Order books are up 18% in Europe, and VW is working to deliver, but the invasion of Ukraine has added complications to complications across the continent.

At home in Germany, Volkswagen is facing a possible court case.

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Sending a message? A Greenpeace lead suit would demand the automaker tighten its emission reduction targets to include a ban on ICE cars and cut emissions by 65% from 2018 levels by 2030. A German district court said the case was admissible but unlikely to succeed.

VW vs the world
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