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.

Rivian Automotive

Rivian (RIVN) shares soared 50% in extended trading on Tuesday following news that German automaker Volkswagen (VWAGY) plans to invest $5 billion in the electric vehicle (EV) startup as part of a joint venture to create industry-leading vehicle software technology.

Rivian Stock Soars 50% After EV Maker Secures $5B Investment From Volkswagen

New, equally controlled joint venture will share electric vehicle architecture and software, companies said

Rivian shares surge after Volkswagen agrees to $5bn investment

VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian

VW Group invest $1 billion into EV startup Rivian as part of a software development deal that could expand to as much as $5 billion.

VW to invest up to $5B into Rivian in software deal

Shares of Rivian Automotive Inc. RIVN, +8.63% jumped 33.2% after hours on Tuesday after Volkswagen VWAGY, +0.49% said it planned to invest an initial $1 billion in the electric-vehicle maker and said it wanted to create an EV-focused joint venture.

Rivian's stock rockets higher on Volkswagen's planned $1 billion investment

IRVINE, Calif. & WOLFSBURG, Germany--(BUSINESS WIRE)--Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) have today announced their intention to form an equally controlled and owned joint venture (JV) to create next-generation electrical architecture and best-in-class software technology. The partnership is anticipated to accelerate the development of software for Rivian and Volkswagen Group. It is expected to allow both companies to combine their complementary strengths.

Rivian and Volkswagen Group Announce Plans for Joint Venture to Create Industry-Leading Vehicle Software Technology and for Strategic Investment by Volkswagen

The German automaker and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

Volkswagen Will Invest Up to $5 Billion in Rivian

Volkswagen is taking a $1 billion stake in electric vehicle startup Rivian, which has been seeking to cut costs and shore up cash amid slower-than-expected adoption of EVs. In this article RIVN

Rivian shares soar 30% after Volkswagen takes $1 billion stake

Volkswagen VOW3 0.33%increase; green up pointing triangle Group is investing $1 billion in electric-pickup maker Rivian Automotive RIVN 8.63%increase; green up pointing triangle, with plans to spend up to $5 billion as part of a software-development partnership.

Volkswagen to Invest Up to $5 Billion Into EV Maker Rivian

German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies said on Tuesday.

Volkswagen to invest up to $5 billion in EV maker Rivian as part of tech joint venture

Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter.

VW updates 2025 Jetta to boost sales of the brand's entry-level car

General Motors

Toyota Motor

A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider its new rule requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems.

Automakers ask US agency to reconsider emergency braking rule

German top industrial union IG Metall will demand a 7% pay rise over a 12-month period from Volkswagen at wage negotiations in October, the union said in a statement on Friday.

German top industrial union to demand 7% pay rise from Volkswagen

Brazilian miner CBMM has started to test on Volkswagen electric trucks a niobium-based battery that it claims can be charged way faster than the others in the market, the companies said on Wednesday.

Brazil's CBMM starts testing ultra-fast charging batteries in Volkswagen bus

Porsche Automobil Holding SE

Porsche SE has taken a stake in Canadian AI company Waabi Innovation Inc as part of a financing round that raised a total of $200 million, the German company said on Tuesday.

Porsche invests in Canadian AI firm Waabi

Bayerische Motoren Werke AG

Mercedes-Benz Group AG

The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against.

European carmakers exposed to any Chinese retaliation for EU tariffs

ChargePoint Holdings

The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service

Porsche Cars North America to integrate ChargePoint into Charging Service

Porsche Cars Canada to integrate ChargePoint into Porsche Charging Service

Volvo AB

Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.

European auto stocks fall further on concerns over China's tariff response

BYD Company Limited

BYD Co Ltd

The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars.

Europe's automakers fret as China EV tariff fears become reality

German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state's governor said on Tuesday.

Audi to invest 1 bln euros in electric vehicles projects in Mexico

German carmakers including BMW, Volkswagen and Mercedes Benz were all trading more than 1.5% lower, while Sweden's Volvo Cars dipped 2.6%. It comes as the European Union is expected to impose import tariffs on Chinese electric vehicles and after Reuters reported Tuesday that carmakers are facing 1.5 million "dieselgate" lawsuits in Britain that could cost them at least ₤6 billion ($7.65 billion).

Shares of Porsche, VW and other European carmakers fall following reports of 'dieselgate' lawsuits in Britain

Mexico accepted a formal request from the United States to review alleged labor rights violations at Volkswagen Mexico facilities in the state of Puebla, the government said on Tuesday.

Mexico to review alleged labor rights violations at Volkswagen facilities

Volkswagen is preparing its energy and charging division for outside investors, the carmaker's board member in charge of technology said on Friday, adding he was open to different options for a possible standalone future for the unit.

Volkswagen wants to prepare charging business for outside investors

Volkswagen's EV charging unit Elli has partnered with Norway's Otovo to offer Huawei (HWT.UL) equipment that lets customers connect their cars with solar and storage systems at home in order to cut power bills.

News for Volkswagen AG Stock (VWAGY)