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.

The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.

Volkswagen Will Invest $193 Billion in Electric Cars and Software

Volkswagen AG (OTCPK:VWAGY) Q4 2022 Earnings Conference Call March 14, 2023 6:00 AM ET Company Participants Rolf Woller - Investor Relations Oliver Blume - Chief Executive Officer Arno Antlitz - Chief Financial Officer Conference Call Participants Tim Rokossa - Deutsche Bank George Galliers - Goldman Sachs Harald Hendrikse - Morgan Stanley Daniel Röska - Sanford Bernstein Horst Schneider - Bank of America Patrick Hummel - UBS Jose Asumendi - JPMorgan Rolf Woller This was the kickoff sign for me. To you all, thanks for joining us today to our Investor and Analyst Q&A.

Volkswagen AG (VWAGY) Q4 2022 Earnings Call Transcript

Volkswagen (OTCMKTS: VWAGY ) stock is a hot topic among traders on Tuesday after announcing plans to invest more money into EVs. According to the company, it will invest $192.6 billion into its business from 2023 to 2027.

VWAGY Stock Alert: Volkswagen Doubles Down on EVs With $193 Billion Plan

Volkswagen Group (XETRA:VOW) and battery company PowerCo plan to establish the first overseas gigafactory for battery cell manufacturing in St. Thomas, Ontario with production expected to begin in 2027.  This comes after Volkswagen inked a deal with the Canadian government in 2022 to identify possible sites for the factory.

Volkswagen unveils plans for EV battery manufacturing plant in Ontario

VW's spending on electrification and digitization will rise about 40% a year compared with prior plans. The German automotive giant is leaning harder into the EV trend.

Volkswagen Doubles Down on EV Spending to Catch Tesla.

Volkswagen plans to invest €180bn between 2023 and 2027 in battery production and securing raw materials as it aims to bring an affordable electric vehicle to market by 2025. The carmaker said on Tuesday that the investment would be focused on its most attractive profit pools, including the group's battery strategy, growing its presence in North America, and increasing competitiveness in digitalisation and products in China.

Volkswagen to invest €180bn in battery, North America and China expansion

The company said it would target two-thirds of the investment on the development of electric vehicles and new digital technology, with a particular focus on expansion in China and the U.S.

Volkswagen Plans Almost $200 Billion in Investment Focusing on EVs, New Tech

Volkswagen wants to compete in the electric vehicle (EV) market in a way that may never be surpassed.

Volkswagen's $193 Billion

Volkswagen will enhance spending on electric vehicles despite supply headwinds and an escalating EV price war in China. VWAGY stock is setting up.

Volkswagen Doubles Down On Electric Vehicle Investments Despite EV Price War

Volkswagen still wants to bring an affordable electric vehicle - costing around 25,000 euros ($26,790.00) in today's prices - to market by 2025, the carmaker said on Tuesday, describing it as a model below the ID.3.

Volkswagen: still targeting an affordable EV by 2025

The company said it would target two-thirds of the investment on the development of electric vehicles and new technology, with a particular focus on the expansion of its business in China and the U.S.

VW Plans $192 Billion Investment Focusing on EVs, New Tech

The German automotive giant earlier this month posted a full-year 2022 operating profit of 22.5 billion euros, up 13% from the previous year, with battery and electric vehicle (BEV) deliveries rising 26%.

Volkswagen announces five-year $193 billion investment plan as electrification gathers pace

Volkswagen will invest 180 billion euros ($192.76 billion) in the next five years into areas including battery cell production, digitalisation in China and expanding its presence in North America, the carmaker said on Tuesday.

Volkswagen to invest 180 bln euros in five-year plan

The car maker will take advantage of the country's rich raw materials and could possibly cash in on U.S.-legislated incentives aimed at encouraging green-tech investments.

Volkswagen Picks Canada for First Battery Plant Outside Europe

Volkswagen Group and its battery company PowerCo have picked Canada for its first overseas battery cell factory. The plant, located in St. Thomas, Ontario, will produce battery cells beginning in 2027, according to the German automaker.

Volkswagen and PowerCo to build North American battery factory in Canada

Volkswagen chose Canada to build its first battery cell plant outside Europe, granting its cars access to both Canadian and U.S. subsidies as it works to localise its electric vehicle production chain in the region.

Volkswagen picks Canada for first battery cell plant outside Europe

Volkswagen's battery needs are covered until 2028 by its three confirmed factories in Europe - the Salzgitter plant in Germany, Northvolt's plant in Sweden and a planned plant in Valencia, board member Thomas Schmall said on Monday.

Volkswagen: we are covered by our three gigafactories in Europe until 2028

Volkswagen is a company I highlighted in my sector-focus article in the beginning of the year as being massively undervalued. Due to the complexity with Porsche and VW, my selection for investing has been a small position in Porsche, but a full position in Volkswagen via the native VOW3.

Volkswagen: Positive In January, Still At A 'Buy' Now

Volkswagen AG is hoping to reap $10.5 billion (10 billion) in possible incentives from the U.S. to build a new battery plant that was originally destined for Eastern Europe.

Volkswagen looking for $10.5 billion in U.S. incentives to build new battery plant, as it waits on Europe's own green plan: report

Volkswagen is putting on hold a planned battery plant in eastern Europe and prioritising a similar facility in North America after estimating it could receive €10bn in US incentives, according to the Financial Times. The decision is the latest fallout from Joe Biden's US$369bn package of subsidies and tax incentives for green technology that is luring European companies to the US, the FT said.

Volkswagen could shift battery plant investment to US attracted by subsidies

Carmaker says it is progressing faster on US factory than European one thanks to subsidies

Volkswagen warns EU that US is beating it in race to attract battery makers

Volkswagen is considering shifting some planned battery production plants to the U.S. from Eastern Europe.

First Tesla, Now Volkswagen. How U.S. Is Winning the Battery Race.

Volkswagen is pausing plans for a battery plant in eastern Europe and prioritising building a plant in North America where it expects to reap 9-10 billion euros ($10.54 billion) in subsidies, the Financial Times reported on Wednesday.

Awaiting an IRA response, Volkswagen pauses decision on eastern Europe battery plant

Volkswagen delivered strong FY 2022 results, topping analyst consensus estimates with regard to both topline and earnings.

Volkswagen: Still Dirt Cheap Value

Volkswagen's off-road brand Scout Motors said on Friday it would build a $2 billion manufacturing plant near Columbia, South Carolina, for trucks and SUVs.

News for Volkswagen AG Stock (VWAGY)