Embitel Technologies’ Post

😳 Volkswagen is all over the news these days. Three plants to be closed in Germany, thousands of job cuts, a hard time for suppliers. What are the solutions? The inability to compete with Chinese auto brands and falling sales hit Volkswagen hard, causing a 64% drop in profit in Q3 alone. Now, entire divisions are being outsourced to external providers. But this crisis isn’t just affecting VW. 😲 Two major suppliers—Walter Klein, in the parts business since 1940, and Recaro Automotive, known for their car seats—have filed for bankruptcy.  It’s a challenging time for every supplier in the industry. In a market like this, standing still is not an option. To survive suppliers need to consider enriching their offerings with digital products and services. Why? Because adding digital solutions not only opens up new revenue streams, it also makes you a more valuable partner for your customers. 💡 Predictive maintenance solutions, IoT-enabled monitoring, fleet management systems, remote diagnostics - are only a few examples. Oneest will be at the Elmia Subcontractor 2024—Scandinavia’s largest subcontractor fair—showcasing our digital solutions for suppliers and subcontractors, built from years of experience in #automotive and #manufacturing projects. Meet with us at Elmia and let's discuss how we can help your digital transformation. Kommerskollegium | National Board of Trade Sweden Inonom Anamaria Deliu Mikael Wällstedt Regina Summer Invest Moldova Agency #digitaltransformation #automotivetech #manufacturingtech #software

„👍 Volkswagen Group shows solid performance in a demanding environment for the first half of 2024. The entire year 2024 stands for ✅ a comprehensive restructuring of our business areas ✅ an acceleration of our global software strategy with international partners ✅ and a completely realigned set-up in China Our brands are preparing 30 model premieres for the global markets this year. Check out the key figures below! For more information, visit the VW Group website: Half-Yearly Financial Report 2024 | Volkswagen Group (volkswagen-group.com)“

Volkswagen Group's financial performance mirrors industry trends in H1 2024! ⬇ 📈 Sales Revenue Volkswagen reported sales revenue of €158.8B, a modest increase of 1.6% from H1 2023. This growth is driven by strong business development in Financial Services despite a slight decline in vehicle sales! 💼 Operating Results The operating result stood at €10.1B, down 11% from last year due to unplanned provisions and other non-operational factors. Consequently, the operating margin dropped to 6.3%, down from 7.3%. 💰 Net Profit Volkswagen's net profit after tax was €7.3B, a 13.9% decline from H1 2023. Despite challenges, the group showed improvement in margins from Q1 to Q2 2024. 💬 Opinion While Volkswagen shows resilience, its challenges highlight the industry's volatility. Renault Group's focus on operational efficiency and Stellantis' strong operational control, despite revenue declines, reflect diverse strategies in navigating the market. Volkswagen's strategic shifts and positive outlook are promising, yet the path to sustained growth remains complex! #automotive #results #financial #data

India's booming automotive sector presents huge opportunities for ancillary businesses. To capitalize on this growth, companies need to focus on strategic sourcing, enhance departmental collaboration, and stay in tune with evolving market sentiments. By adopting these approaches, automotive ancillary businesses can improve efficiency, meet rising demands, and remain competitive in a dynamic market. Stay ahead of the curve and explore how your business can ride the wave of success in India’s thriving auto industry. Visit our website to learn more! https://lnkd.in/gAQE6qmF #AutoAncillary #AutomotiveGrowth #IndiaAutoMarket #StrategicSourcing #Collaboration #MarketTrends #BusinessGrowth #Innovation

FORVIA HELLA today presented its full financial results for the first nine months of the fiscal year 2024 (1 January to 30 September 2024). Adjusted for currency effects, sales improved slightly by 0.8 percent to €6.0 billion, while reported sales are at a level €5.9 billion and on a par with the prior year (previous year: €5.9 billion). "The general conditions in the automotive industry have deteriorated further. We too have been affected by this factor, especially since our customer mix, postponements of new series launches and the slower ramp-up of electromobility had a negative impact on our business as well. In this very challenging market environment, we were able to keep our sales stable and outperform the development of global automotive production overall." says Bernard Schäferbarthold, CEO of FORVIA HELLA. For more information have a look at the full finanical statement for the first nine months of the fiscal year 2024: https://brnw.ch/21wOq1I or at our press release: https://brnw.ch/21wOq1H #FORVIAHELLA #financialresults #automoitiveindustry

As a former employee from VW group, I am really sad to read this news. the current situation happened to VW reflects the reality faced by many well-established European companies, which still rely on past innovations for their success but fail to truly make a strategic plan for the future. During my time at Volkswagen Group, the company was already consistently focused on cutting costs to maintain its leading market position in China and to compete with Chinese auto brands. Due to Volkswagen's strong brand image, the company managed to maintain its sales dominance in China for several years. However, Volkswagen failed to recognize that it was gradually losing its competitive advantage, particularly in electric vehicle (EV) development. When it came to key areas such as battery range, in-car infotainment systems, pricing, and overall features, Volkswagen found itself unable to compete with Chinese car brands. At that point, the power of the Volkswagen brand began to diminish. It is truly heartbreaking that Volkswagen Group, at such a significant turning point, has not considered its future development strategy and competitiveness, nor reflected on the core values of its brand, or the important social responsibility towards its many employees and their families. Instead, it has chosen to double down on cost-cutting measures, leaving a lamentable outlook for the future. https://lnkd.in/e_fp6gVD

First panel discussion of day 2 Financial Times #futureofthecar is debating how the new APAC OEMs might disrupt industry incumbents with views from Markus Collet Michael Fait Sigrid de Vries and Andrew Hill. Sigrid starts by confirming the market welcomes competition and it’s nothing new however EV is bringing new challenges to the European market as she feels the infrastructure hasn’t progressed as needed quoting that 50% of chargers are in just 2 countries. Markus references that new entrants isn’t new with the likes of Honda, Toyota and other Asian OEMs having entered the market however the green transition is changing everything. Chinese OEMs are providing a new Model T moment due to their leadership in battery, software and EV which is a market changing dynamic. Michael talks about the need for OEMs to start approaching software manufacture with the same focus they have traditionally bought to physical manufacturing of the car. How many OEMs truly understand the fast feedback and iterative release cycle of software development. New OEMs also have the benefit of starting with a software focus whereas legacy OEMs are having to learn then reengineer. There is also a wealth of software experience and talent in China which means they are able to move faster and at scale. A trend towards China being seen as a market that works in a different way which is leading to European OEMs partnering with China based firms to allow them to share in the speed of innovation. Michael references that Western OEMs are still trying to sell physical products whereas software defined vehicles means the direction of travel is providing consumers with mobility solutions for every need rather than an a single fixed solution. Panel discuss whether brand loyalty is important and continues to have a significant influence on buying behaviour or with the growth of EV are we seeing a willingness to try new brands and consider them their as part of their buying decision. Younger generations relationship to brands and car purchasing is very different so brands will need to be agile to remain relevant. When asked what does the world look like in 10 years and the view is we are likely to be discussing disruption, software defined vehicles and EV. #ev #innovation #automotive

As we reflect on the first nine months of 2024, the EDAG Group has demonstrated remarkable resilience in a very challenging market. Despite a slowdown in Q3, our revenues slightly increased to €633.9 million, up 0.9% from last year. Noteworthy is our Production Solutions segment, which grew by 22.3%, alongside a 1.3% increase in Vehicle Engineering. These gains reflect our adaptability and commitment to innovation.  We recently opened two cutting-edge facilities: the EMV Competence Center in Fulda and the Light Lab in Wolfsburg, broadening our services beyond the automotive sector. While demand for electric vehicles has declined, we remain focused on increasing order intake, essential for our future success. Our adjusted EBIT margin is 5.2%, with free cash flow increasing significantly to EUR 37.8 million as a result of effective working capital management. As we look ahead, we are dedicated to overcoming market challenges and optimizing our resources. For further insights, visit our Investor Relations page for the Q3 2024 report: https://lnkd.in/d2nVTJbM 

FORVIA HELLA today announced its financial results for the first half of the fiscal year 2024 (1 January to 30 June 2024). Currency-adjusted sales improved by 1.6 percent to €4.06 billion (previous year: €3.99 billion); the reported growth amounted to 0.9 percent. "We improved slightly in terms of sales and earnings in the first half of the year. Overall, we achieved very solid results in a challenging industry environment." says Bernard Schäferbarthold, CEO of FORVIA HELLA. Find out more in our press release: https://brnw.ch/21wLrqA or in the full financial report for the first half of the fiscal year 2024: https://brnw.ch/21wLrqB #FORVIAHELLA #financialresults #financialreport

There’s a shift in the automotive landscape with China spearheading innovation in the #EV market, setting the pace for the world to follow. It's a historic moment as the West finds itself playing catch-up. Hear from an industry veteran in the full webinar to learn what’s propelling the market #Innovation #EVInSIDER #Webinar #IndiumCorporation https://lnkd.in/ejXME7_8