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.

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German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal memo from VW brand chief Thomas Schaefer seen by Reuters on Wednesday.

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Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models.

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Chinese OEMs like BYD, Geely and GAC are increasing BEV units at a higher rate than VW Group. Rivals like Tesla, Mercedes and BMW had higher growth rates of BEVs in Germany from 2021 to 2022.

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FRANKFURT, Germany (AP) — Volkswagen's annual shareholder meeting was briefly disrupted Wednesday by protests over the company's factory in China's Xinjiang province, with a shouting, topless activist interrupting the speech by CEO Oliver Blume before she was hustled away by security personnel.

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Volkswagen software unit Cariad will likely bring its next generation 2.0 platform to market towards 2027 or 2028, its chief financial officer said at a Financial Times conference on Thursday.

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Shouts erupted and an object resembling cake was thrown during different points of the meeting.

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Volkswagen will announce later on Monday the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm, two sources close to the company said.

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Volkswagen AG (OTCPK:VWAGY) Q1 2023 Earnings Conference Call May 3, 2023 3:00 AM ET Company Participants Rolf Woller - Head, Group Treasury & IR Arno Antlitz - CFO & COO Conference Call Participants George Galliers - Goldman Sachs Group Tim Rokossa - Deutsche Bank Horst Schneider - Bank of America Merrill Lynch Michael Tyndall - HSBC Henning Cosman - Barclays Bank Gautam Narayan - RBC Capital Markets Frank Biller - Landesbank Baden-Wurttemberg Jose Asumendi - JPMorgan Chase & Co. Operator Good morning, ladies and gentlemen. Thank you for standing by.

Volkswagen AG (VWAGY) Q1 2023 Earnings Call Transcript

Volkswagen and Bosch (ROBG.UL) have cancelled their plans to create a joint venture to equip battery cell factories, Bosch said on Thursday.

Volkswagen, Bosch give up joint venture plans for battery cells

Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.

News for Volkswagen AG Stock (VWAGY)