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 sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to offset supply chain bottlenecks and rising costs, the carmaker's CEO said on Tuesday.

Easing chip shortages to help Volkswagen in H2 - CEO

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German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG's Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations.

Siemens to invest in Volkswagen's N.American charging network

Volkswagen Group unveiled its ID.AERO concept in China on Monday — slated to serve as the inspiration behind the automaker's flagship EV, and first-ever global all-electric sedan, next year. A version of the Volkswagen ID.AERO concept will go into production for the Chinese market in the second half of 2023.

Volkswagen unveils ID.AERO concept that will provide the basis for 2023 flagship EV

Just before Hyundai drops its all-new Ioniq6, Volkswagen has finally launched images of the electric equivalent to the Passat and Arteon – the ID.

Volkswagen Goes After Tesla, Benz EQE With Mid-Sized, 385-Mile ID.Aero Concept

Volkswagen AG has continued to show growth in inventory turnover in spite of supply chain and inflation pressures. Moreover, the company's quick ratio has also showed longer-term growth - indicating Volkswagen AG is in a good position to meet its current liabilities.

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Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo factory in Brazil as it grapples with a lack of auto parts and electronic components to assemble its vehicles.

Volkswagen to cut working hours, wages in Brazil as parts shortage deepens

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Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters.

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Presumably, Ford and General Motors need to create a large lineup of electric vehicles (EVs) to take on Tesla.

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Volkswagen AG's top U.S. executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues.

VW U.S. chief warns of industry challenges with EV battery shift

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Volkswagen AG and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show.

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Volkswagen-led consortium Green Mobility Holdings has acquired 87.38% of France's Europcar, enough to give it control over the car rental group but below its targeted 90% threshold, Volkswagen said on Wednesday.

Volkswagen-led consortium obtains 87.38% of Europcar shares in takeover bid

Volkswagen has been saying for years that it intends to, one day, sell more electric cars than Tesla. That could finally happen in 2024, according to a new report from Bloomberg Intelligence. Over the next few years, these two automakers will battle to be the leader in global electric vehicle sales, leaving the rest of the auto industry far behind, according to the analysis.

Report: Volkswagen could sell more electric cars than Tesla by 2024

Vehicle sales in Russia drop to a historic low in May, with only 24,268 vehicles sold, marking a year-over-year drop of 83.5%. AEB expects vehicle sales in the country to shrink at least 50% in 2022.

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Volkswagen (VWAGY) opens its first-of-its-kind Battery Engineering Lab in Tennessee to conduct extensive research on EV batteries and expedite its EV efforts.

Volkswagen's (VWAGY) $22M Battery Lab to Bolster EV Initiatives

Volkswagen is offering pay-offs to employees at one of the company's two plants in Russia if they agree to quit voluntarily, the Kommersant newspaper said on Thursday.

Volkswagen offers pay-offs for employees who quit major Russia plant - paper

Volkswagen is "actively" looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday.

Volkswagen is 'actively' looking to build new electric vehicle and battery facilities in the U.S., exec says

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Volkswagen's Spanish brand CUPRA will launch three electric models by 2025, including what would be its first fully electric vehicle to be made in Spain, CUPRA said on Tuesday.

VW's CUPRA to launch three electric models by 2025

Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen's chief executive said on Wednesday.

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Volkswagen plans to continue operations at its plant in China's Xinjiang region despite reports of human rights violations there, the chief executive said in comments published by the Handelsblatt newspaper on Monday.

News for Volkswagen AG Stock (VWAGY)