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VW's Skoda in final stages of exit from Russia

Czech carmaker Skoda Auto, part of the Volkswagen Group, is in the final stages of quitting Russia after taking an almost 700 million euros ($742 million) hit from the impact of Moscow's war in Ukraine, its CEO said on Thursday.

Volkswagen's 2023 sales outlook blows past forecast, shares soar

FRANKFURT/HAMBURG (Reuters) -Volkswagen said on Friday that it expects supply chain issues to ease and sales to rise to as much as 331 billion euros ($352 billion) in 2023, sending shares in Europe's top carmaker to their highest level in three and a half months.

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