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.

Volkswagen is due to receive a lower tariff of 21.3% on its Cupra Tavascan, produced by the SEAT brand in China, under planned duties by the European Commission on China-made cars, a source close to the matter said on Tuesday.

VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says

Porsche Automobil Holding SE

Porsche AG (ETR:P911) has joined a group of creditors putting together a rescue package for ailing battery maker Varta. Under the deal, Varta's debt will be cut from €485 million to €200 million, the company said.

Porsche bales out ailing battery maker Varta

Timo Resch is basking in the sun. That's literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week's most prestigious events.

Why Porsche NA CEO Timo Resch is betting on ‘choice' to survive the turbulent EV market

German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business.

Porsche agrees to provide capital in Varta restructuring deal

“Edith: Volcano Ascent” charts the extraordinary and brutal adventures of a small team in search of a record “Edith: Volcano Ascent” charts the extraordinary and brutal adventures of a small team in search of a record

World premiere of film starring record breaking Porsche at Monterey Car Week

Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday.

Volkswagen delays launch of Trinity EV further, source says

Porsche SE is in a position financially to consider further investments to diversify its portfolio, the holding group's finance chief said alongside first-half results on Tuesday.

Porsche SE eyes further investments in "attractive" market environment

Volkswagen Group will significantly hold off on the release of several electric vehicle (EV) models, according to German newspaper Handelsblatt.

Volkswagen Said To Delay Production of EV Models

Investor Porsche Automobil Holding SE said on Monday it agreed to take a stake in bus and train services provider Flix SE, spending a low double-digit million euro amount as part of a co-investment with private equity firm EQT.

Porsche Holding SE takes stake in bus services group Flix

An aluminum supplier flooding issue impacts the company. For this reason, Porsche AG reduced its year-end estimates. Here at the Lab, we are still positive thanks to customization, product MIX, and the company's net liquidity. Porsche AG has a young product portfolio, and Q2 earnings results showed a beat in operating profit. This supports our buy rating.

Porsche AG Confirms Its 2025 Potential

Rivian Automotive

It is unclear what kind of company Rivian will be in 3-5 years. A niche EV manufacturer, the next Tesla, or the next Fisker? The most likely outcome in the long term is a slow demise until Rivian either fades away or is taken over by a larger auto manufacturer. Rivian cannot generate the cash flows from its business to scale up and needs additional capital, diluting shareholders.

Rivian: The Long-Term Trajectory Is Downwards Despite The VW Deal

SEATTLE--(BUSINESS WIRE)--Peace Vans, the largest Volkswagen campervan repair and restoration shop in the United States, today announced its launch of a full line of campervan conversions developed exclusively for the Volkswagen ID.Buzz. The conversions, designed for any camping scenario and available for pre-order beginning today, can quickly transform the interior of any ID.Buzz into a sleek, fully-equipped mobile home with the Buzz.Camper conversion, a chef's kitchen with the Buzz.Box, or a.

Peace Vans Launches First Customizable Campervan Conversions Developed Exclusively for the Volkswagen ID.Buzz in the United States

Global X Autonomous & Electric Vehicles ETF

Toyota Motor

If you live in a city or large metropolitan area, finding an electric vehicle charging station is likely no problem. Most hookups are located on both coasts.

The Top 3 EV Stocks to Buy Now: Summer 2024

Electric-vehicle maker Rivian reports second-quarter earnings Tuesday evening. Shares are up more than 40% since Volkswagen agreed in June to invest billions of dollars in Rivian.

Rivian Earnings Are Coming. VW Revived the Stock.

Volkswagen released its Q2 update, reporting a small beat in operating profit margin and lower CAPEX due to new collaborations. The company cut its 2024 outlook, prioritizing sustainable value creation over higher volumes, with upside potential in efficiency measures. Downside risks include Lamborghini's performance and VW's luxury car portfolio.

Volkswagen Q2: This Is A Bargain

Volkswagen AG (OTCPK:VWAGY) Q2 2024 Earnings Conference Call August 1, 2024 3:00 AM ET Company Participants Sebastian Rudolph - Vice President, Global Group Communications Rolf Woller - Head, Treasury & Investor Relations Oliver Blume - Chief Executive Officer Arno Antlitz - Chief Financial Officer & Chief Operating Officer Conference Call Participants Tim Rokossa - Deutsche Bank Mike Tyndall - HSBC Patrick Hummel - UBS José Asumendi - JPMorgan Horst Schneider - Bank of America Henning Cosman - Barclays Philippe Houchois - Jefferies Michael Punzet - DZ Bank Operator Ladies and gentlemen, welcome to the Volkswagen Investor Analyst and Media Call First Half 2024. I am George the Chorus Call operator.

Volkswagen AG (VWAGY) Q2 2024 Earnings Call Transcript

Volkswagen on Thursday reported a drop in its second-quarter profits as it recorded €1 billion ($1.1 billion) worth of restructuring costs and faced mounting competition from Chinese rivals.

Volkswagen's profits slump in face of mounting competition from China

Volkswagen on Thursday reported a 2.4% drop in its second quarter operating profit as Europe's top automaker continues to cut costs and revamp its model range.

Volkswagen's profit falls as restructuring, costs weigh on first half

The United States and Mexico announced a course of remediation at a Volkswagen plant in Mexico where the Mexican government had agreed to review alleged labor rights violations.

US, Mexico announce remediation at Volkswagen plant for worker rights protection

The Porsche Technology Apprenticeship Program sets the gold standard in automotive technical training. The Porsche Technology Apprenticeship Program sets the gold standard in automotive technical training.

Porsche celebrates 25 years of automotive technical training excellence

Germany's Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday.

German antitrust body gives green light to VW-Rivian joint venture

The Taycan also earned best-in-class in its segment for the second year in a row. The Taycan also earned best-in-class in its segment for the second year in a row.

Porsche named most appealing premium brand in J.D. Power 2024 APEAL study

Porsche said it was fighting to restore production volumes and to re-prioritise spending after supply chain snags, slow EV demand and a sales slump in China weighed on results in the first half.

Porsche bids to restore production, boost margins after weak first half

Porsche fell more than 5% Tuesday after luxury car maker slashed future sales and profit outlook, citing an unexpected aluminum alloy supply shortage.

Porsche slips 5% after lowering profit outlook over alloy shortage

Automotive and auto-adjacent shares took a hit on Tuesday after copping a knock-on effect from a Porsche AG (ETR:P911) profit warning. Porsche warned that supply shortages of certain aluminium alloys due to production facility floodings will cause a multibillion-euro hit to full-year revenues and narrower profit margins.

News for Volkswagen AG Stock (VWAGY)