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 Group (XETRA:VOW) has pointed to a potential boost to orders from Western Europe this year, despite sluggish wider demand, as it plans to release a range of new electric vehicles. Some 30 models will be unveiled over the course of 2024, with the carmaker noting it had “started the new year with a clearly positive trend” in full-year results on Wednesday.

Volkswagen hoping for Europe boost as wider demand slows

Volkswagen reported lower operating margin and profit for its Audi brand group but its flagship division increased profitability.

Volkswagen's Audi Division Posts Lower Profits

Volkswagen Group China said on Wednesday that the first model by its only majority-controlled joint venture, Volkswagen Anhui, has received Chinese government approval.

Volkswagen says it has received Chinese government approval for ID.UNYX model

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.

Volkswagen's 2023 profits rise, outlook for this year cautious

Volkswagen said on Wednesday that it expects incoming orders in Western Europe to pick up speed in the coming months thanks to the German carmaker's new models.

Volkswagen expects order growth in Western Europe thanks to new vehicles

Porsche Automobil Holding SE

Porsche will not take part in a fierce discount battle in the weakened Chinese market, and is instead sticking to its principle of maintaining premium prices even if it costs the luxury carmaker market share.

Porsche sticks to 'value over volume' strategy in weakening China market

China's Anhui Jianghuai Automobile said on Tuesday it and Volkswagen China will boost their joint venture's registered capital to 13.9 billion yuan from 7.4 billion yuan.

China's Jianghuai Automobile, Volkswagen China to boost investment in JV

Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend.

Porsche warns of fall in profitability but hikes dividend on strong 2023 results

Volkswagen Australia said on Monday it had quit the policymaking committee at the country's auto lobby, days after Tesla cut ties with the group, as the German carmaker distances itself from a campaign against new fuel standards.

Volkswagen quits Australia auto lobby committee as fight grows over green fuel standards

Audi plans to take 100% control of the Sauber Formula One team ahead of its transformation into the German carmaker's factory team from 2026, the Volkswagen-owned brand said on Friday.

Audi to take 100% ownership of Sauber F1 team

BYD Co Ltd

General Motors

Stellantis N.V. 

Toyota Motor

With a strong focus on sustainability and innovation, Brazil is set to become a major player in the global automotive scene, drawing in big investments and leading the shift toward greener ways to get around.

Auto Giants Fuel Brazil's Green Transition With Billion-Dollar Bets

XPeng

Chinese luxury electric vehicle maker Xpeng stock posted mixed delivery numbers for February, selling 4,545 EVs for the month, down 44.9% from January, and down 24% from the year-ago period. The decline was not really surprising, given that automotive sales in China are usually weak in January and February, due to the extended Chinese New Year holiday, which impacts manufacturing and sales.

With VW Partnership And Progress With Self-Driving Tech, Is Xpeng Stock Undervalued At $9?

Volkswagen's trucks arm Traton on Tuesday forecast a 2024 return on sales in line with the previous year after its annual core earnings almost doubled thanks to record high post-pandemic pent-up demand for commercial vehicles.

VW's trucks arm Traton sees 2024 margins in line after doubling annual profit

Volkswagen will not consider a stock market listing for its battery unit until its factories are up and running and its unified battery cell is in use, the division's boss told Reuters, essentially ruling out a possible IPO before 2026.

Exclusive: VW battery unit rules out IPO until factories running, unified cell in use

Volkswagen expects revenue growth to slow this year as it faces a tough economic backdrop and increasing competition.

Volkswagen Expects Revenue Growth to Slow This Year

Volkswagen , Europe's top carmaker, on Friday said it expects sales growth to slow in 2024 compared to last year, citing increasing competition, stricter emissions regulation as well as raw materials and energy prices.

Volkswagen expects sales growth to slow in 2024

XPeng and Volkswagen signed an agreement to collaborate on software and sourcing, building on an existing partnership after the German carmaker took a nearly 5% stake in XPeng last year.

XPeng, Volkswagen Expand Partnership to Accelerate EV Development

German automaker Volkswagen and Chinese electric vehicles (EVs) maker XPeng have entered an agreement for joint development of two B-class battery EVs, the companies said on Thursday.

Volkswagen, XPeng ink deal to develop two B-class battery EVs

Volkswagen said on Wednesday that Frank Han, the former chief software architect of Changan Auto, will take over as chief executive of its Cariad China unit on March 1.

Volkswagen says Changan Auto former chief software architect to be new Cariad China CEO

Renault is holding a first round of talks with Volkswagen over sharing the 'Twingo' platform, said Renault CEO Luca de Meo at the Geneva carshow.

Renault CEO: in early talks with Volkswagen over sharing 'Twingo' platform

Volkswagen is recalling over 261,000 VW and Audi vehicles in the U.S. and Canada to address a fuel pump leak that could create a fire hazard, NHTSA said on Thursday.

Volkswagen, Audi recall over 261,000 vehicles to fix fuel leak, fire risk

Volkswagen is recalling more than 261,000 cars in the U.S. to fix a potential fuel leak that can increase the risk of fires.

Volkswagen is recalling 261,000 cars that are at risk of catching on fire

The chair of a U.S. House Committee on China and the top Democrat on the panel urged Volkswagen to halt operations in Xinjiang after thousands of vehicles with a small Chinese-made electronic component were held at U.S. ports.

US lawmakers urge VW to exit Xinjiang operations

Volkswagen is recalling more than 261,000 vehicles in the U.S. due to issues with a suction jet pump seal inside the fuel tank, the National Highway Traffic Safety Administration (NHTSA) said on Thursday.

Volkswagen to recall around 261,000 vehicles in the US, says NHTSA

It and other foreign automakers are trying to exploit upheaval caused by new technology to gain market share from their dominant rivals.

News for Volkswagen AG Stock (VWAGY)