WOLFSBURG, March 10 (Reuters) - Conflict in the Middle East is not impacting Volkswagen's supply chain but could hit demand for its premium marques Audi and Porsche, group CEO Oliver Blume said on
Volkswagen CEO Warns Middle East Tensions Could Affect Premium Sales
Impact of Geopolitical Tensions on Volkswagen's Business
Current Status of Supply Chain
WOLFSBURG, March 10 (Reuters) - Conflict in the Middle East is not impacting Volkswagen's supply chain but could hit demand for its premium marques Audi and Porsche, group CEO Oliver Blume said on Tuesday after reporting annual results.
Potential Effects on Premium Sales
Market Volatility and Sales Margins
"We are simply seeing how volatile and fragile our world is, with new issues arising every month," Blume said, pointing to a potential drag on sales from the conflict in the region, where volumes are modest but margins high.
Volkswagen's Position in the United States
Market Share Goals
He added that the United States remains an important market for Volkswagen but said a targeted market share there of 10% had faded into the long term.
Reporting Credits
(Reporting by Rachel MoreEditing by Ludwig Burger)
