Volkswagen’s Skoda is in the final stages of exiting Russia after taking a nearly EUR 700M hit from the impact of Russia’s war in Ukraine, Reuters’ Robert Muller reports. "The talks are in the final stages, but I can’t give you details until they are agreed by all parties," CEO Klaus Zellmer told an annual press conference. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on VWAGY:
- Volkswagen: BEV deliveries rose 26% in 2022
- Volkswagen to invest EUR180B over 5 years in ‘attractive’ profit pools
- Volkswagen plans to invest EUR180B over 5 ears on China, U.S. expansion, FT says
- Volkswagen picks Canada for location for first overseas gigafactory of PowerCo
- Volkswagen price target raised to EUR 190 from EUR 180 at Deutsche Bank