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 ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, the carmaker's top executive said at Munich's IAA mobility show.

Volkswagen is ready for Europe's 2035 fossil-fuel car ban - CEO

Volkswagen , Europe's largest carmaker, is making progress with the rollout of its network of electric vehicle fast chargers, the group's board member in charge of technology said on Monday.

Volkswagen has set up half of EV fast chargers planned until 2025

Volkswagen said on Monday that it is in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles, called MEB.

Volkswagen in 'advanced talks' with Mahindra on MEB platform

Shares in Europe's largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors.

Volkswagen, Renault shares hit by rare 'sell' rating as Chinese competition grows

That was the message from UBS analysts who downgraded shares of Renault SA RNO, -5.00% and Volkswagen AG VOW3, -3.70% VOW, -3.53% to sell from neutral, citing threats from China competition. Shares of Renault tumbled 3.8% to €35, while Volkswagen dropped close to 3%, leaving shares at €109.70.

UBS says sell Volkswagen and Renault shares — China will crush them

Volkswagen's Autoeuropa factory in Portugal will suspend production between Sept. 11 and Nov. 12 due to a shortage of auto parts from a Slovenian supplier affected by recent floods in the country, the workers' commission said on Thursday.

Portugal's VW plant to halt production for nine weeks due to parts shortage

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Volkswagen (VWAGY) opens pre-orders for the ID.7 electric sedan, starting at $62,000, in Europe after kicking off production earlier this week.

Volkswagen (VWAGY) Begins Pre-Orders for ID.7 in Europe

Volkswagen has begun purchasing strategically important chips it believes will be in short supply globally directly from 10 manufacturers including NXP Semiconductors , Infineon Technologies and Renesas Electronics the carmaker said on Wednesday.

Volkswagen strikes direct supply deals for chips to avoid global shortage

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XPeng

Xpeng is attempting to revive its business this year, after its share price sank by more than 80% in 2022

Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses

Volkswagen's BEV growth is falling behind other OEMs. VW Group only increased BEV and PHEV units by 10% from 2021 to 2022, while others had higher growth rates. Other OEMs, such as Stellantis, BMW, and Mercedes, have increased BEV sales at a faster rate than VW Group.

Volkswagen: Improving BEV Sales But Others Are Growing Faster

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China is the world's largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.

Automakers promote advanced tech to compete in China — the world's top EV market

Volkswagen is in talks with Chinese electric vehicle startup Zhejiang Leapmotor Technology about the possibility of cooperation for Volkswagen's Jetta brand, a Chinese media outlet reported on Wednesday, citing sources.

Volkswagen in talks with Leapmotor on tech cooperation for Jetta - media

Volkswagen (OTCMKTS: VWAGY ) stock is on the move today as the company continues its quest to gain exposure to China's electric vehicle (EV) market. Notably, the German automotive conglomerate recently increased its stake in XPeng (NYSE: XPEV ) stock, raising its long position to nearly 7%.

XPEV Stock Alert: Volkswagen Increases Xpeng Stake to 6.85%

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U.S. President Joe Biden's economic policies depart sharply from those of former President Donald Trump, but both share a commitment to limiting the risks of trade with China and an ambivalence toward market-driven globalization.

U.S. and Europe are finding that breaking up with China is hard to do

Volkswagen Group (XETRA:VOW)-owned prestigious sports car manufacturer Lamborghini has just posted a record first-half for sales, turnover and profitability, showing that global inflation and cost-of-living woes have failed to dent the luxury automobile market. Revenues drifted upwards of €1.4bn (£1.2bn), marking a 6.7% year-on-year increase, with operating income rising 7.2% to €456mln.

Lamborghini on track for record year of luxury sports car sales

Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half.

Lamborghini could hit 10,000 sales this year, CEO says

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Volkswagen AG ( XTER:VOW3 , Financial) began its vaunted “electric offensive” in November 2018 with the splashy promise to invest $50 billion in electric vehicles over the next five years. A relatively late entrant to the EV race, the German automaker pledged to make up for lost time.

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Analysts at Jefferies on Friday upgraded their rating on China's XPeng Inc. shares XPEV, +14.37% 9868, +5.06% to buy, from hold, saying that Volkswagen AG's partnership with the EV maker marks “the start of China OEMs exporting technologies to foreign players.” The partnership will help Xpeng to increase its brand image globally, the Jefferies analysts said.

XPeng stock gets upgrade from Jefferies; Chinese EV maker ‘on a new chapter' after VW investment

Volkswagen Group's Q2 profits were lower than expected due to negative effects of commodity hedging and increased competition in China. The company confirmed its 2023 financial outlook but slightly lowered its delivery estimates. Volkswagen signed two agreements to unlock Chinese client's growth. Compelling valuation and tasty dividend per share. We decided to increase our position.

Volkswagen: We Double Down On Q2 Results

Czech carmaker Skoda Auto, a unit of German group Volkswagen , posted a 35% year-on-year rise in first-half operating profit as global deliveries rose and the supply chain stabilised, the company said on Friday.

VW's Skoda first-half profit climbs as supply chain stabilises

Volkswagen's Spanish unit SEAT on Friday posted record first-half profit and sales, fuelled by its high-end Cupra brand, even as supply disruptions kept production 10% below goals, but expressed concern about demand in 2024.

News for Volkswagen AG Stock (VWAGY)