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.

Electric vehicle sales' share of the total passenger vehicle sales in China jumped significantly to 18.6% in the third quarter at a time when a lingering chip shortage hit production and sales of traditional internal combustion vehicles. What Happened: Electric vehicle share of the total passenger vehicle sales in China rose to 18.6% in the three months ended September, from 13.2% in the second quarter.

EV Share Of Total China Passenger Vehicle Sales Rises To 18.6% In Q3 As Nio, Volkswagen, Others Take On Tesla

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Volkswagen China achieved a milestone of 10,000 EV sales in September 2021. We dissect Volkswagen's EV sales through three perspectives: product, production and marketing.

Volkswagen's EVs Are Taking Off In China, May Soon Surpass NIO's Market Share

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Tesla, Inc. (NASDAQ: TSLA) has long been rumored to release a budget model of its EV at the sub-$25,000 price point. With the project yet to come to fruition, rival EV makers are pushing ahead in this cost-competitive segment in China, the hot-and-happening EV market.

Is Tesla Late To Low-End China EV Party? As XPeng, Volkswagen Now Selling A $25,000 Car In China

In the latest trading session, Volkswagen AG (VWAGY) closed at $32, marking a +1.62% move from the previous day.

Volkswagen AG (VWAGY) Outpaces Stock Market Gains: What You Should Know

Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source with knowledge of the matter said, the lowest figure since 1958 and far behind its average output before the pandemic.

Volkswagen's main plant producing fewest cars since 1958, source says

Volkswagen Group (OTC: VWAGY) is planning to launch the compact electric car ID.3 in China on Friday, cnEVpost reported, citing the company. What Happened: The locally made compact electric will be the third such model from Volkswagen's ID.

Volkswagen To Launch ID.3 EV In China On Friday, Looking To Take On Tesla, Nio With More-Affordable Vehicle

Volkswagen AG's top Americas executive said on Tuesday the global chip shortage will run well into next year.

Volkswagen executive sees global chip shortage running well in 2022

Volkswagen's Skoda Auto started a two-week outage on Monday as the carmaker contends with the global shortage of chips and other components, CTK news agency reported.

Volkswagen's Skoda Auto halts production for two weeks, CTK reports

Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker's CEO Herbert Diess, who wants to galvanise VW's top brass for a faster pivot to electric vehicles.

Tesla's Musk dials into Volkswagen executive conference

In the latest trading session, Volkswagen AG (VWAGY) closed at $31.73, marking a -0.38% move from the previous day.

Volkswagen AG (VWAGY) Stock Sinks As Market Gains: What You Should Know

Volkswagen's deliveries of battery-powered electric vehicles to China more than tripled in the first nine months of the year, the carmaker said on Friday, less than two months after it flagged the need to change its e-car strategy there.

VW's 9-month electric vehicle deliveries to China more than triple

Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve competitiveness with players such as Tesla, German daily Handelsblatt reported on Wednesday.

Volkswagen considering cutting up to 30,000 jobs -Handelsblatt

Czech Industry Minister Karel Havlicek said on Monday that Germany's Volkswagen has delayed a decision on the location of its gigafactory, where the Czech Republic was among the candidates.

Volkswagen delays decision on gigafactory -Czech industry minister

Skoda Auto, part of Volkswagen and the Czech Republic's biggest exporter, will significantly reduce or perhaps halt production from the week starting Oct. 18 until the end of the year due to the global shortage of chips hobbling the automotive sector.

VW's Skoda may halt production due to chip shortage

German automaker Volkswagen Ag (OTC: VWAGY) said on Wednesday it secured above 144,000 orders for its compact electric car ID.3 in Europe in the first nine months of this year. What Happened: The automaker said about half those orders — 70,000 — were from new customers who had not driven a Volkswagen before and were completely new to the brand.

Volkswagen Has Secured 144,000 Orders For ID.3 EVs So Far This Year In Europe And Half Of These Are New Customers

The Mexican unit of German automaker Volkswagen will extend a production stop at one of its segments in a plant at the central state of Puebla that produces the popular Jetta model from Oct. 6 to 15, a labor union document showed on Tuesday.

Volkswagen Mexico extends partial production stop in Puebla plant -union document

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U.S. auto sales fell for the fifth consecutive month in September, driving down third-quarter 2021 total vehicle sales.

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Germany's Volkswagen Group (OTC: VWAGY) delivered 10,126 ID. series of electric vehicles in China last month, up 7,023 vehicles the month before, cnEVpost reported Sunday, citing company data.

Volkswagen Joins Nio, Xpeng In China's 10K September EV Deliveries Club With ID. Series

The head of Volkswagen's works council wants the carmaker to bring forward production of electric vehicles at its main plant in Wolfsburg to 2024 make it more competitive, a newspaper reported on Saturday.

VW labour boss wants faster electric car rollout at Wolfsburg - Braunschweiger Zeitung

Volkswagen AG (VWAGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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Germany's motor vehicle authority (KBA) has ordered a recall of about 200,000 Volkswagen T6 multivans that were built between 2019 and 2021, it said on Thursday.

KBA orders recall of 200,000 VW T6 multivans over door-locking mechanism

Volkswagen is one of the leaders in the EV space today, experiencing rapid growth for this franchise. The company's EV business could be worth well north of $100 billion if it was valued like the EV businesses of other companies are valued today.

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The chief executive of Volkswagen's truck unit Traton, Matthias Gruendler, will leave the business and will be replaced by the head of Traton subsidiary Scania, Christian Levin, who will lead both businesses.

CEO of VW's truck unit Traton replaced by Scania boss

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

News for Volkswagen AG Stock (VWAGY)