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 2018, Volkswagen AG ( XSWX:VW , Financial) revealed its electric vehicle strategy to the world. The renowned German automaker pledged to invest $50 billion over just five years as part of an “electric offensive” that aimed to vault it into a leading position in the global EV industry.

Volkswagen's Electric Offensive Is Paying Off

Volkswagen's planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time.

VW expects battery, raw material drive to cost up to $34 billion

In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, the Volkswagen Group is the market leader. Here's how VW did it.

Why Volkswagen is beating Tesla in Europe

Volkswagen CEO Herbert Diess, currently under heavy fire from unions over strategy, struck an upbeat tone at a recent manager meeting on talks over the company's five-year investment plan, including the future of its Wolfsburg plant.

Volkswagen CEO, under fire over strategy, positive over recent talks

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Volkswagen is convinced that its 2.9 billion euro ($3.3 billion) offer for France's Europcar, made as part of a consortium, fairly reflects the firm's value, a senior executive said, pouring cold water on hopes for a higher bid.

Volkswagen sees Europcar deal as attractive, quashes hopes for higher bid

Volkswagen's top committee did not make a decision on the future of Chief Executive Herbert Diess at a meeting on Tuesday, two sources with knowledge of the matter said on Wednesday, with one describing talks as "on a knife-edge."

VW CEO's future still uncertain, with talks 'on a knife edge'

Volkswagen Group (OTC: VWAGY) is offering customers of ID.3 in China a battery-rental program just a month after launching the compact electric car in the market, cnEVpost reported on Tuesday. What Happened: The report cited a buyer who bought an ID.3 without a battery at a much lower cost than the retail price.

Volkswagen Tries Out Nio-Like Battery Rental Program For ID.3 Buyers In China

Volkswagen's supervisory board executive committee will meet on Tuesday to discuss the future of CEO Herbert Diess, sources said, confirming a report in Germany's Frankfurter Allgemeine Zeitung (FAZ) earlier on Monday.

Volkswagen board executive committee to discuss CEO Diess' future on Tuesday - sources

Stellantis N.V. 

Stellantis (STLA), Toyota (TM), and Volkswagen (VWAGY) issue major recalls over fuel pumps, airbags, and brake-related issues, respectively.

STLA, TM and VWAGY in the Spotlight on a String of Recalls

A German court said that a decision by Volkswagen and Porsche SE in 2008 to install defeat devices in vehicles for the U.S. market was insider information that should have been made public in a regulatory statement at the time.

German court says VW should have made public its plans for emissions-cheating

Stellantis toppled long-time leader Volkswagen from the top of Western Europe's sales league in October, although it was really a contest in trying to thwart the supply crisis caused by the chip shortage.

Stellantis Edges Ahead Of VW Sales In Europe As Chip Shortage Cripples Production

Volkswagen AG (OTC: VWAGY) aims to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla Inc (NASDAQ: TSLA) in power infrastructure, Reuters reports. VW aims to make its fast-chargers available for all EV drivers, unlike Tesla.

Volkswagen Aims To Beat Tesla In Power Infra For EVs: All You Need To Know

Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.

Volkswagen powers up the grid to take on Tesla

Volkswagen Group (OTC: VWAGY) is replacing Stephan Woellenstein, CEO of its China operations, Reuters reported on Tuesday, citing sources. What Happened: Woellenstein would leave the post on Feb. 1 after holding the position for three years.

Volkswagen Said To Be Replacing China Unit CEO In February

A deal with McLaren that could see VW/Audi enter Formula One and take a stake in the luxury car group might be agreed as soon as tomorrow, according to reports. Speculation has been rife about the future of the UK-based car maker since the start of the week and prompting it yesterday to deny a report that VW/Audi was about to take it over.

VW/Audi board set for talks with McLaren over partnership and F1 entry - report

BERLIN (Reuters) -The head Volkswagen's Chinese operations, Stephan Woellenstein, is being relieved of his duties and there are talks about finding him a new job within the German carmaker, a person familiar with the matter told Reuters on Tuesday.

Volkswagen's head of China to leave the country - source

The U.S. Supreme Court on Monday rejected Volkswagen AG's bid to avoid lawsuits filed by officials in three states seeking damages stemming from the German automaker's diesel emissions cheating scandal.

U.S. Supreme Court rejects Volkswagen appeals over emissions tampering

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Bayerische Motoren Werke AG

The Tesla Model 3 topped the European electric car sales charts over the first nine months and this provoked a wary reaction from VW, conceding that Elon Musk's company was much more efficient, while BMW cast aspersions about Tesla quality and heritage.

Tesla Crashes German Party; VW Says Work Harder, BMW Plays Premium Card

It's Transport Day at COP26 but the world's two largest car makers have pulled out of an industry-wide pledge, while easyJet PLC has made new green commitments. Volkswagen and Toyota will not sign a global agreement to slash new car emissions over the next two decades.

COP26: Volkswagen and Toyota to ditch car manufacturers net-zero pledge, easyJet commits to CO2 reduction targets

Volkswagen's CEO Herbert Diess said on Wednesday he was confident he would remain in his position into next year, after speculation that he could be pushed aside amid turmoil over potential cuts at the company.

VW CEO Diess says will "certainly" remain in position into next year

Volkswagen embraces the future with €35bn investment, including in its Zwickau plant

Antihero to zero: VW rises from ‘dieselgate' to lead charge on electric vehicles

Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards.

Porsche AG benefits from being part of Volkswagen Group, CEO says

Volkswagen plans to stop making Santana cars in China, bidding farewell after over three decades to its first Chinese-made model that became a symbol of the country's rising middle class and helped fuel the German carmaker's popularity.

News for Volkswagen AG Stock (VWAGY)