Volkswagen Sees Slew of New Models Driving Sales in Europe.

Volkswagen AG is anticipating an increase in orders in western Europe as it releases new models, including the all-electric Porsche Macan and the ID.7 sedan. The company is striving to regain momentum in the electric vehicle market and is implementing cost-saving measures. Volkswagen is also facing competition from Chinese automakers and Tesla, and is working to improve its performance in China by partnering with Chinese EV maker Xpeng Inc. The company's financial services arm, battery business, and software unit have all reported operating losses. Volkswagen expects sales to grow by up to 5% this year. [Extracted from the article]

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