1. Volkswagen Group (including Audi, Lamborghini, Porsche, MAN, Bentley, etc.)
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Due to the weakening of Fox Basket. . 3rd quarter operating profit plummeted by 4296
Entered 2024.10.30 6-08 PM
Modified 2024.10.31 1.01 am
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Reporter Lim Da-yeon
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Profit margin of 3.6%, lowest since Pandemic
This year’s sales forecast has been significantly lowered.
Promoting wage cuts to reduce costs
On the 30th, Fox Bagin announced that its operating profit in the third quarter was 28.96 billion euros, down 42% from the same period last year.
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did it During the same period, sales remained at 78.5 billion euros, a decrease of 0.59, and vehicle sales continued to decline by 8.3%.
Profit recorded 3.6%, the lowest level in four years. This is the worst performance since Pandé.
2. Mercedes-Benz Group
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Mercedes Benz 3rd quarter operating profit 48961… “Influence of China’s economic downturn”
Entered 2024.10.25 5.11 PM
Modified 2024.10.25 5.12 PM
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Reporter Kim Dae-hyeon
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The operating profit of the German Mercedes-Benz Group has decreased by half compared to a year ago. Chinese consumer sentiment is shrinking
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It is cited as the reason for the decline in business profits.
According to Mercedes Benz’s earnings announcement on the 25th (local time), operating profit before interest and general income tax (EBIT) in the third quarter of this year was 25.
It was 17 million euros (about 3.78 trillion won), down 48.0% from 48.942 million euros (about 7.28 trillion won) in the third quarter of last year.
all. Sales decreased by 6.7% from 37.01 billion euros (about 55.65 trillion won) to 34.528 billion euros (about 51.94 trillion won).
Soham
3. BMW Group (including Mini, Rolls-Royce, etc.)
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BMW’s 3rd quarter net profit plummets by 84%, “weakest since the pandemic”
Publication date: 2024-11-06 18.18
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As the crisis in the German automobile industry continues, BMW has suffered its worst performance since the COVID-19 pandemic.
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BMW announced on the 6th (local time) that its net profit for the third quarter of this year was 476 million euros (715 billion won), down 83.896 from last year.
It’s bright because it’s rocked.
Operating profit before interest and tax (EBIT) was 169.96 million euros (2.547 trillion won), a 61.0% decrease from the third quarter of last year.
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The operating profit of the automobile division is only 239. Bullonberg Communications is the lowest since the second quarter of 2020, when it was a pandemic.
It’s a classic
BMW, which owns the Mukseori brand Doll’s Roycetle, saw its sales in China fall by about 3,096 units in one year, and Donghap Bray’s sales decreased by about 3,096 units in China.
Takes a hit due to re-holiday due to defects in the IBS system
For reference, the operating profit of Hyundai Motor Company and Kia Motors in the third quarter of this year was 3.58 trillion won and 2.88 trillion won, respectively.
The profitability of Volkswagen Group, BMW Group, and Mercedes-Benz Group is higher than that of Hyundai Motor Group.
It fell to a level similar to that of single brands such as Hyundai Motors and Kia brands.
Operating profit margins also deteriorated rapidly, falling to 2-3% for BMW and Volkswagen.
It was the worst crisis in 2019 as Hyundai Motor Company lost market share in China and delayed its conversion to SUVs.
At that time, the three independent companies were showing returns similar to those of Hyeongi.