DAILY ROUNDUP | AUG 11 | VW 100K Jobs, Dealer Profits -11.2%, F&I $1,727
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Volkswagen is facing pressure for up to 100,000 job cuts while dealers are making almost as much money on finance and insurance as they are on the vehicle itself.
Today’s episode breaks down Porsche SE’s 53.3% voting control at Volkswagen, dealership net pre-tax profits falling 11.2%, front-end gross profit dropping to $1,781, F&I income rising to $1,727, and why the updated gas-powered Atlas Cross Sport is still a cash bridge for the EV transition.
Today's Key Headlines
~Porsche SE…
The skinny
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