Volkswagen AG

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes the development of vehicles, engines and vehicle software, the production and sale of passenger cars and light commercial vehicles, and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of trucks, and buses, and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

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Volkswagen AG engages in the business of developing vehicles and components for the brands of the group. It operates through the following segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes developing vehicles, engines, and vehicle software; producing and selling passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment focuses on trucks, buses, corresponding genuine parts business, and related services. The Power Engineering segment is involved in large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment provides dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

German automotive giant Volkswagen (VWAGY) is considering significant cost-cutting measures to restructure amid an "extremely tense" economic situation as it faces increasing international competition and pressure on profits as it transitions to producing more electric vehicles.

Volkswagen Warns of Possible Plant Closures, Job Cuts Amid Rising Competition

Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player to tackle yet another tough opponent, Germany's powerful labour unions.

From peace-maker to taboo-breaker, VW boss Blume takes on the unions

German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its home country for the first time in its nearly 90-year history. Volkswagen's management is expected to lay out its plans before about 18,000 workers at a town hall meeting in Wolfsburg on Wednesday.

Volkswagen braces for showdown with unions after warning of possible German plant closures

Volkswagen's Audi management has not yet come up with a profitable option of an alternative vehicle to produce at its threatened Brussels plant and is carrying on the search for external investment, a spokesperson said on Tuesday.

Volkswagen's Audi: no new project found yet for threatened Brussels plant

An electric vehicle made in China by Volkswagen's CUPRA brand would be "wiped out" if the European Commission followed through with planned import tariffs of 21.3% on the vehicle, the brand's CEO told Reuters.

Exclusive: Volkswagen's CUPRA 'at risk' from planned EU tariffs, says brand CEO

Volkswagen said it plans to end its job security programme -- which has been in place since 1994 and prevents job cuts until 2029 -- as it faces pressure from Asian competitors.

Which Volkswagen factories in Germany could be affected by layoffs?

Former Volkswagen CEO Martin Winterkorn is set to go on trial Tuesday for his role in the "dieselgate" scandal, nine years after the saga first plunged the German auto titan into crisis.

Ex-Volkswagen CEO faces trial over 'dieselgate'

Volkswagen Group (XETRA:VOW) is contemplating closing two factories in Germany as it faces challenges in shifting from fossil fuel vehicles to electric models. The automaker has informed its works council that it may shut down a major vehicle manufacturing plant and a component factory to achieve cost savings.

Volkswagen mulls first ever German factory closure

Volkswagen VOW3 1.25%increase; green up pointing triangle is weighing closures of vehicle production and component factories in Germany to cut costs as the carmaker faces increasingly stiff competition.

Volkswagen Mulls German Plant Closures to Cut Costs

German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled.

Volkswagen mulls plant closures and job cuts in Germany

German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter of major cost-cutting measures in order to "future-proof" the company. Volkswagen said it felt compelled to bring an end to its employment protection agreement — a job security program that has been in place since 1994 — in order to secure "urgently needed structural adjustments.

Volkswagen warns of plant closures in Germany, citing ‘extremely tense' situation

Volkswagen can no longer rule out plant closures in Germany as it seeks ways to save an extra several billions of euros in a cost-cutting drive underway at its namesake brand, the carmaker and its works council said on Monday.

Volkswagen warns of possible plant closures in Germany

Volkswagen AG trades at a significant discount, with a potential 50% upside and a 9.4% dividend yield, despite recent challenges and high debt. The company's diverse portfolio of twelve brands, including Lamborghini and Porsche, provides resilience and growth opportunities through potential IPOs. Technical analysis shows the stock is oversold, trading at 2015–2016 levels, despite improved financial performance and strong institutional backing.

Volkswagen: Benefit From High Dividends While Price Appreciates

Stellantis N.V. 

Battery-powered EV sales in Europe are taking a hit from reduced incentives, lack of affordable models and charging infrastructure concerns.

Europe's BEV Sector Slows Amid Economic & Regulatory Challenges

Porsche Automobil Holding SE

Audi's sales chief Hildegard Wortmann has chosen to step back from her role and will be replaced by Marco Schubert, head of Europe at Porsche AG, Audi said on Friday.

Audi sales chief steps back, to be replaced by Porsche Europe head

Volkswagen's strong brand portfolio and 8.9% dividend yield make it an attractive investment despite market challenges and margin compression. Significant undervaluation of Volkswagen's holdings in Porsche and Traton, representing over 80% of its current share price. Strategic investments in Rivian and a focus on ICE development highlight Volkswagen's adaptive approach to evolving market conditions.

Volkswagen's High Yield Backed By Undervalued Brand Portfolio

Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German business paper Handelsblatt reported on Wednesday.

Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt

XPeng

Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC. Volkswagen in July 2023 announced a $700 million investment into Xpeng to jointly develop two electric cars for delivery in China, expected in 2026.

Volkswagen China is spending lots of time at Xpeng to make new EVs

The Volkswagen ID. Buzz marks the return of the classic VW bus, but with a twist: It's now an all-electric minivan with seating for up to seven and a range of up to 234 miles.

The 2025 VW ID. Buzz: Pricing, range and more for the classic bus remade as an EV

TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Porsche Cars Canada, Ltd. (PCL) is pleased to announce the opening of five Porsche NOW locations in the metropolitan areas of Montreal, Ottawa, and Vancouver. The brand pop-ups are the first of their kind to premiere an electric mobility focus, heralding the arrival of new electrified Porsche models in Canada such as the Macan Electric and the 2025 Taycan.

New Porsche NOW locations open in Canada

Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles. Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles.

AirConsole is coming to the new Volkswagen ID.7 Tourer and other models this fall

Volkswagen's goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.

Volkswagen's battery targets not 'set in stone', battery chief tells FAS

The 2024 Volkswagen Jetta sticks to its usual lane of being a smooth and spacious compact sedan. Pricing starts at $21,435.

The 2024 Volkswagen Jetta has plenty of competition, but none with its European vibe

Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto

Porsche and Puma present a limited sneaker line with Canada-exclusive design

Atlanta, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia has issued auto lease Asset Backed Securities (ABS) in the USA with a principal amount of $850 million dollars. This follows two successful auto loan ABS issuances by PFS in 2023.

News for Volkswagen AG Stock (VWAGY)