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 AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector.

Volkswagen investment vaults Argo into top ranks of self-driving firms

Ford Motor Company

Ford  and Volkswagen  joined forces to develop autonomous and electric cars on Friday and said they are looking at other areas of cooperation, deepening a global alliance to slash development and manufacturing costs.

Ford, Volkswagen join forces on electric, autonomous cars

The automakers will remain "independent and fiercely competitive in the marketplace," Ford CEO Jim Hackett said in a statement.

Ford, VW confirm plan to expand 'collaboration' to include autonomous and electric vehicles

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford.

VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

Automakers Ford and Volkswagen have announced a partnership today that covers a number of areas, including autonomy (via a new investment by VW in Argo AI) and collaboration on development of electric vehicles.

Ford and Volkswagen team up on EVs, with Ford the first outside automaker to use VW’s MEB platform

Volkswagen will invest in Ford Motor autonomous-car partner Argo at valuation of about $7 billion as two of the world’s largest automakers formed this year.
The post VW To Invest In Ford-Backed Argo AI At $7 Billion Valuation appeared first on Investor's Business Daily.

VW To Invest In Ford-Backed Argo AI At $7 Billion Valuation

Carmaker Volkswagen  will inject $2.6 billion into Ford's  self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday.

Volkswagen to inject $2.6 billion into Ford unit Argo AI: source

Ford Motor Co. F, +0.59% and Germany's Volkswagen AG VLKAF, -2.17% are set to announce on Friday new partnerships on driverless and electric vehicles, funneling "billions of dollars" into their deal and sharing intellectual property and hardware, according to a report on CNBC on Thursday.

Ford, VW to unveil deal on driverless, electric cars: report

The joint venture will give Ford access to VW's MEB platform, which serves as a base for Volkswagen's ID.3 electric car, executives said.

Ford, VW to announce new partnership to invest billions in autonomous and electric vehicles

Ford Motor Co and Volkswagen AG  said on Thursday they are expanding their global alliance announced in January with deals that are expected to involve collaboration on electric and autonomous vehicles.

Ford, Volkswagen promise details on electric, autonomous vehicle alliance

Ford Motor Co said on Thursday it would provide further updates on its global alliance with Volkswagen AG , which was earlier announced in January.

Ford, Volkswagen to provide details on electric, autonomous vehicle alliance

The two may soon share tech on self-driving and electric vehicles, saving billions of dollars.

Are Ford and Volkswagen Close to a Massive Tech-Sharing Deal?

Volkswagen rolled the last Beetle off the assembly line on Wednesday.

Last Volkswagen Beetle drives into the sunset

We help Volkswagen build some of the very last new Beetles.

Bye-bye Bug: The VW Beetle is officially out of production

German carmaker Volkswagen will begin producing the Tarek sport utility vehicle (SUV) at its plant in the Mexican state of Puebla in 2020 and sales will start by the end of 2021, Steffen Reiche, the chief executive of Volkswagen de Mexico said on Wednesday.

Volkswagen to start production of Tarek SUV in Mexico in 2020

Volkswagen announced that the VW Beetle will be discontinued after a run that spanned more than 80 years. It was first launched in Germany.

VW Beetle Discontinued: Volkswagen Shuts Down Production of Iconic Car

Volkswagen will bring the fruits of its Chinese alliance to Ford, which will contribute autonomous car technology.
The post Ford and Volkswagen: Throwing Rocks at Silicon Valley appeared first on InvestorPlace.

Ford and Volkswagen: Throwing Rocks at Silicon Valley

The Bentley EXP 100 introduces "leather-like" textiles, sustainable woods and paint made from recycled rice husks.

Bentley celebrates 100 years with new electric, eco-friendly concept car as model for future lineup

The Volkswagen Beetle is taking a bow, after its return and restyle in 2011 (before earlier rebirth in 1997 – the one with the built-in flower vase).

Production of the Volkswagen Beetle officially comes to an end

BMW (BAMXF) & Daimler's (DDAIF) strategic alliance aims to develop driver-assistance systems technologies, automated driving on highways and parking.

BMW & Daimler to Collaborate for Automated Driving Technology

Autodesk

Volkswagen and Autodesk teamed up to celebrate the 20th anniversary of one of the automaker’s biggest R&D facilities with an iconic vintage VW Microbus that looks retro on the outside but packs a ton of tech on the inside, including an electric powertrain and significant weight savings afforded through use of ‘generative design.’

Volkswagen and Autodesk turned a vintage Microbus into a tech design showcase

The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen AG  after a judge had asked why the agency waited two years after a global scandal related to vehicle emissions to sue the automaker.

U.S. SEC defends pace of Volkswagen suit after emissions scandal

Volkswagen (VWAGY) plans to create joint ventures and finance battery production to expand electric mobility.

Volkswagen Set to Drive Electric Mobility via Joint Ventures

Volkswagen (VWAGY) and Ford (F) try to reach an agreement for the development of autonomous vehicles and production of electric cars.

Volkswagen, Ford to Share Autonomous, Electric Car Technology

Volkswagen  will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters.

News for Volkswagen AG Stock (VWAGY)