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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

XPeng

XPeng Inc. announced a major investment partnership with Volkswagen. The Chinese EV manufacturer has forecast a sharp rise in deliveries for Q4, though management has a history of not meeting targets. XPEV stock has reasonable upside at $20, but downside risk does exist on further volatile monthly delivery totals.

XPeng: Positive Volkswagen Signals

Volkswagen AG (OTCPK:VWAGY) H1 2023 Earnings Conference Call July 27, 2023 3:00 AM ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head, Group Treasury & Investor Relations Oliver Blume - Chief Executive Officer Arno Antlitz - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs Daniel Roeska - Bernstein Jose Asumendi - JPMorgan Chase & Co. Tim Rokossa - Deutsche Bank Horst Schneider - Bank of America Daniel Schwarz - Stifel Henning Cosman - Barclays Stephen Reitman - Societe Generale Michael Tyndall - HSBC Philippe Houchois - Jefferies Victoria Waldersee - Reuters Monica Raymond - Bloomberg Markus Klausen - Dow Jones News Operator Good morning, ladies and gentlemen. Thank you for standing by.

Volkswagen AG (VWAGY) H1 2023 Earnings Call Transcript

Volkswagen and Xpeng's jointly developed electric vehicles (EV) will use Xpeng's G9 'Edward' platform, in a filip for the Chinese startup that analysts said could boost its sales and profitability.

VW-Xpeng EV models to use Xpeng platform in boost for Chinese startup

Its partnership with startup Xpeng is a sign of things to come in the world's largest automobile market.

Volkswagen's EV Gambit in China Makes Sense

In recent years, the Chinese electric vehicle (EV) market has emerged as a dominant force, witnessing a remarkable surge in growth. The country's prowess in producing promising EV startups has caught the attention of global industry leaders, with Tesla (NASDAQ: TSLA) being one of the notable players investing heavily in the country.

Xpeng stock explodes after Volkswagen's $700 million investment

The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays.

Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist

Shares of the dual-listed company jumped more than 30% in morning trading in Hong Kong on Thursday after surging as much as 40% in New York overnight.

Chinese EV Billionaire He Xiaopeng's Xpeng Wins Volkswagen Support Amid Turnaround Efforts

Volkswagen will concentrate on improving net cash flow in the second half as logistics bottlenecks ease, the German carmaker said on Thursday as it confirmed its 2023 financial outlook.

Volkswagen to focus on improved net cash flow in H2

Volkswagen announced on Wednesday a duo of collaborations with Chinese companies to bolster the automaker's presence in the country, while developing two new EV models.

Volkswagen growing market share in China through partnerships with Xpeng, SAIC

Shares of electric-vehicle makers got a broad boost Wednesday, bucking the weakness in the broader stock market, as investors cheered Volkswagen AG's $700 million investment in China-based XPeng Inc.

EV stocks get a broad boost from VW's purchase of 5% stake in XPeng

Shares of Chinese electric vehicle (EV) manufacturer Xpeng (NYSE: XPEV ) went into overdrive on Wednesday as the company announced a strategic technical collaboration agreement with German automotive stalwart Volkswagen (OTCMKTS: VWAGY ). Fundamentally, the deal facilitates the broader integration of e-mobility solutions.

XPEV Stock Alert: Xpeng Soars 25% on Volkswagen Investment

VW Group announced Wednesday a pair of deals with Chinese automakers aimed at shoring up sales in China. The German automaker said it will invest $700 million into Chinese automaker Xpeng as part of a deal to jointly develop and produce two mid-sized EVs for China.

Volkswagen takes stake in Xpeng as part of Chinese EV deal

The new EVs, which will be branded as VWs and sold only in China, are expected to launch in 2026.

Volkswagen buys stake in Xpeng, will jointly develop two new EVs with the Chinese automaker

Shares of XPeng Inc. XPEV, -4.06% soared 13.4% toward an 11-month high in premarket trading Wednesday, after Germany-based Volkswagen Group VOW, -2.47% VWAGY, +0.32% said it was investing $700 million in the China-based electric vehicle maker. Volkswagen's stock fell 2% in Germany.

XPeng's stock soars after Volkswagen invests $700 million, announces cooperation agreements

Volkswagen on Wednesday announced two agreements aimed at strengthening the German automaker's position in the Chinese market, including a partnership between the Volkswagen brand and China's Xpeng Inc to build two new models.

Volkswagen to expand China EV line-up with Xpeng, SAIC partnerships

Volkswagen said it remained intent on commissioning an independent audit of its Xinjiang plant in China and was convinced that doing so would provide valuable insight, after some investors and activists criticised the mechanism as ineffective.

Volkswagen convinced Xinjiang audit will provide insight on human rights situation

As Volkswagen regears its strategy around boosting stock market value, investors warned its efforts would be wasted if it does not address the elephant in the room: the lack of a succession plan for its supervisory board.

Volkswagen's efforts to boost valuation stifled by lack of succession plan

Mercedes-Benz Group AG

Ferrari

Mercedes-Benz, Volkswagen, and Ferrari have a very strong dependence on Asian markets despite historic global appeal. Mercedes-Benz and Volkswagen have a deepening footprint in the U.S., primarily driven by increasing demand for its Electric Vehicles. Volkswagen's relative underperformance over the past year is mostly undeserved. Net profit in Q1 has been the best it has been for quite some time.

Ferrari, Volkswagen And Mercedes-Benz Deepen Asia Dependence

Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop.

Volkswagen's H1 deliveries up in every region but China

Intesa Sanpaolo SpA

J Sainsbury PLC

ISNPY, JSAIY and VWAGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 13, 2023.

Best Income Stocks to Buy for July 13

Germany's Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.

Audi in talks to buy Chinese automaker SAIC's EV platform -sources

Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by human rights activists that the measure would be ineffective.

Volkswagen faces fresh investor doubts on independence of planned Xinjiang audit

General Motors

General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure.

GM cuts Lyriq EV price in China by 14% after VW discounts

Volkswagen will begin testing its autonomous vehicles on the streets of Austin, Texas this month, and will expand around the city over the next three years.

Volkswagen to test autonomous vans in Texas

Many investors are skeptical of automakers that invest in full self-driving technology, and for good reasons. This technology still has many hurdles that it needs to overcome before it can be deployed on any sort of scale.

News for Volkswagen AG Stock (VWAGY)