Latest news with #Wolfsburg
Daily Record
2 days ago
- Sport
- Daily Record
Vaclav Cerny U turn as Rangers winger search ramps up with Jesurun Rak-Sakyi transfer rules 'set'
Russell Martin is keen to add more depth on the flanks with the new Premiership season fast approaching Winger Vaclav Cerny looks to have earned a surprise second chance at Wolfsburg - after appearing to be on the brink of an exit after his loan spell at Rangers. The Czech international was the stand-out performer at Ibrox last season during a disappointing campaign - but the Scottish Premiership side would not move to make the deal permanent. The 27-year-old's agent David Nehoda left the door open to a return to Glasgow earlier in the summer window claiming that "everything remains possible". And Cerny was reportedly thrown on the transfer list shortly after his Wolfsburg return with the club having to seriously cut their squad amid ongoing financial problems with owners German car giants Volkswagen. His time at the club appeared to finally be coming to an end last week with reports in Turkey suggesting a £5.2million switch to Besiktas had been agreed - but the German side have reportedly performed a last-gasp U-turn. According to the Wolfsburger Allgemeine Zeitung, the attacker is currently in talks with the club about a deal with his current contract expiring in 2027. The report comes after boss Paul Simonis heaped praise on Cerny: "He can make the difference because he's very creative on the ball and can surprise the opponent with his left foot. "It's not just about scoring it's about how he connects the lines, how he finds space. That's exactly what we need in that role." Russell Martin and Rangers ' sporting director Kevin Thelwell are ramping up their search for a successor for Cerny with Go Ahead Eagles winger Oliver Antman on the agenda. The Finland international has reported for training on Monday morning amid the interest - with Crystal Palace 's Jesurun Rak-Sakyi also of interest. Boss Martin admitted to being an admirer of the England U21 international having previously attempted to sign him while at Southampton. A deal has been thrown into doubt after an injury scare for Rak-Sakyi with a whopping £10million price tag has been placed on the forward. But The Sun report the Premier League side would be open to a loan move to Ibrox - if there was a guaranteed sale at the end of the contract.
Glasgow Times
4 days ago
- Sport
- Glasgow Times
Former Rangers winger Cerny set for next transfer switch
The Turkish side has made an offer to Wolfsburg, with an option to buy the Czech international. Cerny has no future at the Bundesliga club, who are looking to reduce their squad size before the new season. Last season, he made a significant impact at Rangers, scoring 18 goals in 47 starts across all competitions. Six of those goals came in European matches, including a brace in the 3-1 victory over Fenerbahce in Istanbul. Besiktas, Fenerbahce's rivals, are keen to add the 27-year-old to their ranks for the upcoming season. Rangers were unable to re-sign Cerny due to Wolfsburg's £10 million asking price. He is now set to continue his football career in Turkey.
The National
4 days ago
- Sport
- The National
Cerny nears transfer move to new club after Rangers loan
The Czech international has no future at Bundesliga club Wolfsburg, who need to trim their squad ahead of the new season in Germany. He impressed hugely at Rangers last season where he netted 18 goals in total in 47 starts in all competitions. Six of those strikes were in Europe, including two in Istanbul when Rangers secured an excellent 3-1 win at Fenerbahce. Read more: And now Turkish rivals Besiktas have made their move to land the 27-year-old on another loan spell from his German club, with an option to buy. Rangers were priced out of the market to bring Cerny back to Glasgow, with reports Wolfsburg were looking for at least £10 million for him to return to Rangers. And he's set to resume his career in Turkey with ambitious Besiktas.
Yahoo
4 days ago
- Automotive
- Yahoo
VW CFO on US Auto Tariffs, Electric Vehicles, Earnings
Volkswagen CFO Arno Antlitz speaks to Bloomberg after the German automaker lowered its financial outlook for the year, with the escalating cost of US President Donald Trump's tariffs weighing on earnings at the Audi and Porsche brands. He talks with Guy Johnson the firm's factory in Wolfsburg, Germany. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
Volkswagen stung by tariffs, but trade deal based on US investments may be coming
German auto giant Volkswagen (VWAGY) is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon enough for the Wolfsburg-based automaker. Volkswagen reported that its first-half revenue for 2025 came in at 158.4 billion euros ($185.7 billion), essentially in line with last year's figures, but operating result (or operating profit) slid by a third to 6.7 billion euros ($7.86 billion), with tariffs the culprit. "Decline in Operating Result primarily due to high costs from increased U.S. import tariffs," VW said, noting a figure of 1.3 billion euros ($1.52 billion), with other expenses like restructuring tacking on another 700 million euros ($820.3 million) in profit hits. "Our half-year figures present a contrasting picture: on the one hand, we achieved strong product success and made progress in realigning the company," Volkswagen CFO Arno Antlitz said in a statement. "On the other, the operating result declined by a third year-on-year — also due to higher sales of lower-margin all-electric models. In addition, increased US import tariffs and restructuring measures had a negative impact." Though the news was not exactly good, it was likely better than what investors expected, with VW stock pulling higher in Friday trade. Nevertheless, the results of the first half mean VW slashed its full-year revenue estimate to be in line with last year, from a 5% gain it previously forecast, with the firm's operating return on sales (or operating margin) now seen in the 4% to 5% range from a prior 5.5% to 6.5%. Full-year automotive net cash flow gets chopped nearly in half to 1 billion to 3 billion euros ($1.17 billion to $3.52 billion) from 2 billion to 5 billion euros ($2.34 billion to $5.86 billion). Read more: How to find the best luxury car insurance Regarding that guidance, VW said the upper end assumes tariffs will be reduced to 10%, whereas the lower end assumes a 27.5% tariff applies through the second half of the year. "There is high uncertainty about further developments with regard to the tariffs, their impact and any reciprocal effects," the company said. Reports suggest EU and US negotiators are aiming at a 15% tariff for EU goods coming into the US that would also apply to autos. Currently, the US imposes 25% auto sector tariffs on foreign-made vehicles. "We hope that it will come to a well-balanced deal between the US and the EU, which allows fair trade between the regions," VW CEO Oliver Blume told investors, per Reuters. Blume also suggested VW may have its own deal with the US government, contingent upon investment in the US. "We have a very attractive investment package we will do there," Blume said, adding that the company has been in "good discussions" with White House negotiators. Blume indicated investments would come in the form of a "scalable program," without adding more details, though he mentioned the possibility of opening an Audi plant in the US. Currently, Audi builds vehicles for the US market in Europe and Mexico. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio
