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.

Mexico accepted a formal request from the United States to review alleged labor rights violations at Volkswagen Mexico facilities in the state of Puebla, the government said on Tuesday.

Mexico to review alleged labor rights violations at Volkswagen facilities

Volkswagen is preparing its energy and charging division for outside investors, the carmaker's board member in charge of technology said on Friday, adding he was open to different options for a possible standalone future for the unit.

Volkswagen wants to prepare charging business for outside investors

Volkswagen's EV charging unit Elli has partnered with Norway's Otovo to offer Huawei (HWT.UL) equipment that lets customers connect their cars with solar and storage systems at home in order to cut power bills.

Volkswagen charging unit teams up with Norway's Otovo to broaden EV services

NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Volkswagen AG ("Volkswagen" or "the Company") (OTC PINK:VWAGY). Investors who purchased Volkswagen securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/VWAGY.

Volkswagen AG (VWAGY) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

BYD Company Limited

BYD Co Ltd

Chinese electric-vehicle maker BYD unveiled the fifth generation of its plug-in hybrid technology that can travel about 800 miles on one tank of gas and one battery charge.

Tesla's EV Competition Is Fierce. BYD Improves Hybrids, VW Makes Cheaper Models.

Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's top carmaker said on Tuesday, after talks with Renault to team up on the project collapsed earlier this month.

Volkswagen to develop entry-level electric vehicles for around 20,000 euros

Porsche Automobil Holding SE

Porsche on Tuesday revealed a new hybrid version of its iconic 911 sports car for the first time, with a starting price of $164,900. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph.

Porsche reveals first-ever 911 hybrid sports car, starting at $164,900

Porsche AG seemed ready to close the gap with Ferrari's stock. Yet, some challenges are making the stock plunge southward. In this article, we go over the latest financials and the main issues Porsche has to face.

Porsche AG: The Disconnect From Market Expectations May Be Creating An Opportunity

Volkswagen is in concrete talks about partnering up on passenger car production in India, the group's finance chief said on Thursday, adding it was tough to earn money in the market that still presents a "clear" opportunity.

Volkswagen CFO: in concrete discussions over car partnerships in India

Volkswagen has delayed the launch of its electric ID.7 sedan in the U.S. and Canada, the German automaker said on Wednesday, citing changing market dynamics.

Volkswagen delays ID.7 EV launch in US, Canada

French carmaker Renault and its German peer Volkswagen have ended their talks to jointly develop an affordable electric version of the Twingo car, Renault CEO Luca de Meo told Reuters on Wednesday.

VW and Renault end talks on electric Twingo - Renault CEO

The U.S. auto safety regulator said on Monday it has opened a recall query into an estimated 51,500 Volkswagen America's EVs over concerns of the vehicle door opening while driving.

US NHTSA opens recall query into more than 51,000 Volkswagen EVs

Volkswagen has walked away from talks with Renault to jointly develop an affordable electric version of the Twingo car, two sources familiar with the situation said, in a setback for the EU carmakers' efforts to fend off Chinese rivals.

Exclusive: VW and Renault end talks to develop affordable EV, sources say

Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the "dieselgate" emissions scandal, they said on Wednesday.

Volkswagen reaches $54 million 'dieselgate' settlement with Italian owners

Volkswagen is exploring the sale of as much as 1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE , Bloomberg News reported on Monday, citing people familiar with the matter.

Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports

The automobile industry is one that is vulnerable to external events and investor sentiment, both of which are highly volatile as of late. In the previous year, Volkswagen focused on restructuring and realigning its role in the automobile supply chain. The company's financials show healthy progress, but it faces tough competition and lower trading multiples compared to its peers.

Volkswagen: Right Vision But Hold Out For Long-Term Gains

The automaker and the UAW said that they plan to start bargaining a first contract following the union's historic win.

Volkswagen Accepts Union's Landslide Victory At Tennessee Plant

Volkswagen AG (OTCPK:VWAGY) Q1 2024 Earnings Conference Call April 30, 2024 3:00 AM ET Company Participants Pietro Zollino - Head of Corporate Communications Rolf Woller - Head of Treasury and Investor Relations Arno Antlitz - CFO & COO Conference Call Participants Jose Asumendi - JPMorgan Tim Rokossa - Deutsche Bank Michael Punzet - DZ Bank Horst Schneider - Bank of America Henning Cosman - Barclays Daniel Schwarz - Stifel George Galliers - Goldman Christina Amann - Thomson Reuters Lazar Backovic - Handelsblatt Operator Ladies and gentlemen, welcome to the Volkswagen AG Investor, Analyst and Media Call Q1 2024. I am Shari, the Chorus Call operator.

Volkswagen AG (VWAGY) Q1 2024 Earnings Call Transcript

Stellantis N.V. 

Shares of three of Europe's biggest automakers were dropping on Tuesday after respective results that broadly showed a slow start to 2024, with sales slow for newer models and electric vehicles for some.

Europe's automakers off to a weak start for 2024, with EV sales a problem for some

German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.

Volkswagen profit drops 20% in first quarter on lower sales

Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.

Volkswagen Hit by Drop in Car Sales But Confirms Outlook

Europe's top automaker Volkswagen on Tuesday reported a 20% drop in first-quarter operating profit weighed by lower sales volumes and higher costs.

Volkswagen reports 20% profit drop on lower volumes, higher costs in Q1

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Volkswagen (VWAGY) Stock Undervalued Right Now?

Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.

Porsche AG posts Q1 profit drop on ramp-up costs

Continental accepted a fine of 100 million euros ($107 million) from a German prosecutor's office for its role in the Volkswagen emissions-cheating scandal of 2015.

News for Volkswagen AG Stock (VWAGY)