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.

In the closing of the recent trading day, Volkswagen AG Unsponsored ADR (VWAGY) stood at $12.48, denoting a -0.48% change from the preceding trading day.

Volkswagen AG Unsponsored ADR (VWAGY) Stock Drops Despite Market Gains: Important Facts to Note

Volkswagen is Germany's largest employer and a cornerstone of the nation's economy. Despite industry challenges, Volkswagen has demonstrated resilience and steady revenue growth over the years. The company is embracing electrification and has a strong presence in the electric vehicle market, competing with Tesla.

Volkswagen: Get Paid 8.3% For Holding One Of Germany's Crown Assets

German car group Volkswagen will not decide at the moment on a further site for a new battery factory site, Chairman Oliver Blume said on Wednesday after talks with Czech government officials this week.

Volkswagen not planning next gigafactory site at present -Blume

Porsche Automobil Holding SE

Volkswagen's software unit Cariad will delay the launch of its new software architecture yet again as it deals with a large round of layoffs. Just three years after VW created Cariad, and only six months after an executive shakeup, the unit has planned to cut 2,000 jobs, German publication Manager Magazin reported over the weekend.

Layoffs at VW's Cariad further delay software launch in Porsche, Audi models

Volkswagen's stock continues to face downward pressure following the recent announcement by the German automaker that it has revised its profit margin expectations for the current year. Volkswagen now anticipates its adjusted operating income to remain at the same level as the previous year, standing at €22.5 billion ($23.9 billion). Volkswagen reported third-quarter results on Thursday after releasing this profit warning and the German car maker's after-tax profit for Q3 was 4.35 billion euros ($4.60 billion).

Volkswagen: Electric Vehicle Keeps The Company Resilient During A Difficult Year

Volkswagen wants to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan, business news outlet manager magazin reported on Friday.

Volkswagen wants to cut 2,000 jobs at Cariad unit - manager magazin

Volkswagen confirmed on Thursday preliminary results of 78.8 billion euros ($83.07 billion) in Q3 sales and a 14% rise in operating profit to 4.9 billion euros, as its CFO stated the company could not be satisfied with its profitability.

Volkswagen lags behind profitability targets in Q3

Volkswagen Group (XETRA:VOW) shares took a hit on Monday after the manufacturer hinted margins would be tighter than anticipated at the full-year stage last Friday. Having hedged against rising raw material prices, Volkswagen said it had suffered a €2.5 billion non-cash loss which would unlikely be recoverable by the year end.

Volkswagen shares fall to pandemic levels on profit warning

Volkswagen shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors.

Germany's Volkswagen shares tumble after margin downgrade

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Volkswagen on Friday cut its profit outlook for the current year due to negative effects from raw materials hedges at the end of the third quarter, Europe's largest carmaker said.

Volkswagen cuts profit outlook on raw material hedges hit

QuantumScape

QuantumScape's (NYSE: QS ) strategic partnership with Volkswagen (OTCMKTS: VWAGY ) is perceived to be a massive positive in the corner of QS stock. Although the EV battery technology company remains in the pre-revenue stage, and keeps burning through hundreds of millions each year, those bullish on the stock believe it will all be worth it in the end.

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Volkswagen has found a company to conduct a labour audit at a site in Xinjiang, China, which it jointly owns with SAIC Motor Corp, two people familiar with the matter said, after pressure from investors for further due diligence.

Volkswagen picks firm for Xinjiang site labour audit -sources

Volkswagen is running behind schedule in defining key measures of a planned 10 billion euro ($10.5 billion) cost-cutting drive for its namesake brand, two people familiar with the matter said, as talks with powerful labour leaders drag on.

Volkswagen brand cost-cutting plan running behind schedule - sources

Volkswagen Group (XETRA:VOW) increased its all-electric vehicle deliveries by 45% for the first nine months of 2023 when compared to the same period last year, the German carmaker said on Friday. It said it delivered 531,500 all-electric vehicles to customers from January to September, compared to 366,600 in the prior year period, raising its share of electric vehicle deliveries to 7.9% from 6.1 in the prior year period.

Volkswagen accelerates all-electric vehicle deliveries

Volkswagen on Friday said that group deliveries rose by 7.4% in the third quarter, thanks to strong demand in Europe and North America that was able to offset a decline in China, the world's top auto market.

Volkswagen's Europe, U.S. vehicle deliveries offset China weakness in Q3

Volkswagen AG Unsponsored ADR (VWAGY) reachead $12.98 at the closing of the latest trading day, reflecting a -1.96% change compared to its last close.

Volkswagen AG Unsponsored ADR (VWAGY) Falls More Steeply Than Broader Market: What Investors Need to Know

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Haig Partners LLC, the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Josh and Ashley Gunther on the sale of Team Gunther Kia & Volkswagen located in Daphne, AL, to Tal Vickers of the Springhill Automotive Group of Mobile, AL. Josh Gunther, Dealer Principal, Team Gunther Kia & Volkswagen, said, “As Ashley and I were evaluating our strategic options with Pete, it became clear that market co.

Haig Partners Serves as Exclusive Sell-Side Advisor on the Sale of Team Gunther Kia & Volkswagen in Daphne, AL

AMSTERDAM--(BUSINESS WIRE)--Volkswagen Group Diesel Efficiency Foundation and Consumentenbond Announce Court Once Again Rules Against Volkswagen in Dutch Dieselgate Proceedings.

Volkswagen Group Diesel Efficiency Foundation (VGDES) and the Consumentenbond Announce that Court Once Again Rules Against Volkswagen in Dutch Dieselgate Proceedings

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The auto battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday.

Volkswagen, Umicore venture picks Poland for first car battery parts plant

Volkswagen AG Unsponsored ADR (VWAGY) reachead $12.85 at the closing of the latest trading day, reflecting a +1.82% change compared to its last close.

Why Volkswagen AG Unsponsored ADR (VWAGY) Outpaced the Stock Market Today

The $2.9 billion battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore will be called Ionway, the companies said on Friday.

Umicore, Volkswagen present Ionway battery parts joint venture

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Hyundai and Kia have finally announced their plans to adopt Tesla's North American Charging Standard (NACS) ports for their electric vehicles in the U.S. and Canada, joining the swells of automakers that have also promised to do so.

All eyes on VW after Hyundai, Kia adopt Tesla charging standard

We positively view Draghi's appointment to support European auto competitiveness vs. Chinese electric cars. New duties may be imposed. Volkswagen is now more open to management changes and new partnerships to share software investment and CapEx development. Despite recent challenges, Volkswagen's market valuation is not justified. Lower inventories mean reversing the working capital effect and a better FCF yield. Our buy is then confirmed.

Volkswagen: Positive Macro Upside

Volkswagen's $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput.  The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback.

News for Volkswagen AG Stock (VWAGY)