Post by rojonihafsa1 on Mar 11, 2024 22:32:30 GMT -5
The automotive industry no longer has deliveries as a priority. The crisis caused by covid-19 followed by the shortage of microchips , which marked 2021, greatly reduced its accounts. This has greatly harmed them in the race for electrification . Specifically, European manufacturers who, starting in 2035, will be prohibited from registering combustion cars . These manufacturers have focused on margins and have left behind the idea of becoming the brand that sold the most cars. The best example of this is Volkswagen , as Cinco Días explains . The German manufacturer was the company with the most sales in the world until 2019, when Toyota took the lead from it . A feat that will be repeated in 2022, since VW deliveries do not stop falling . In the last 6 months of the year, Volkswagen has reduced its registrations by 22% , to 3.87 million units. For its part, Toyota delivered 5.1 million in that same period. But he's not the only one.
Another European manufacturer such as Stellantis has also seen its deliveries fall by 7.4%, registering only 3.03 million cars. Toyota cuts its production plans again due to lack of semiconductors However, where European companies lead is in profits . VW and Stellantis increased their profits by 27% and 34%, respectively, in this first half. Although the Jamaica Mobile Number List queen is BMW , which recorded profits of 13,232 million between January and June , 74% more than last year. This increase in profits is mainly due to the commitment to premium models and brands . For this reason, Volkswagen prioritized its luxury brands such as Porsche over others such as Skoda or Seat . In contrast, all of Toyota's sales have not been reflected in its profits . The Japanese company has cut 23%, to 8,077 million.
According to the company, "operating profits decreased due to rising material prices and extraordinary costs despite the positive effect of the depreciation of the yen." In that same period, its profit margin fell 4.9 points , to 6.4%. Given this lack of revenue, Toyota adds that "we will continue our activities to strengthen our profit structure throughout the supply chain, although we find ourselves in a situation where it is difficult to predict the future due to rapid changes in the business environment.