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.

XPeng

Shares of Chinese electric vehicle (EV) manufacturer Xpeng (NYSE: XPEV ) went into overdrive on Wednesday as the company announced a strategic technical collaboration agreement with German automotive stalwart Volkswagen (OTCMKTS: VWAGY ). Fundamentally, the deal facilitates the broader integration of e-mobility solutions.

XPEV Stock Alert: Xpeng Soars 25% on Volkswagen Investment

VW Group announced Wednesday a pair of deals with Chinese automakers aimed at shoring up sales in China. The German automaker said it will invest $700 million into Chinese automaker Xpeng as part of a deal to jointly develop and produce two mid-sized EVs for China.

Volkswagen takes stake in Xpeng as part of Chinese EV deal

The new EVs, which will be branded as VWs and sold only in China, are expected to launch in 2026.

Volkswagen buys stake in Xpeng, will jointly develop two new EVs with the Chinese automaker

Shares of XPeng Inc. XPEV, -4.06% soared 13.4% toward an 11-month high in premarket trading Wednesday, after Germany-based Volkswagen Group VOW, -2.47% VWAGY, +0.32% said it was investing $700 million in the China-based electric vehicle maker. Volkswagen's stock fell 2% in Germany.

XPeng's stock soars after Volkswagen invests $700 million, announces cooperation agreements

Volkswagen on Wednesday announced two agreements aimed at strengthening the German automaker's position in the Chinese market, including a partnership between the Volkswagen brand and China's Xpeng Inc to build two new models.

Volkswagen to expand China EV line-up with Xpeng, SAIC partnerships

Volkswagen said it remained intent on commissioning an independent audit of its Xinjiang plant in China and was convinced that doing so would provide valuable insight, after some investors and activists criticised the mechanism as ineffective.

Volkswagen convinced Xinjiang audit will provide insight on human rights situation

As Volkswagen regears its strategy around boosting stock market value, investors warned its efforts would be wasted if it does not address the elephant in the room: the lack of a succession plan for its supervisory board.

Volkswagen's efforts to boost valuation stifled by lack of succession plan

Mercedes-Benz Group AG

Ferrari

Mercedes-Benz, Volkswagen, and Ferrari have a very strong dependence on Asian markets despite historic global appeal. Mercedes-Benz and Volkswagen have a deepening footprint in the U.S., primarily driven by increasing demand for its Electric Vehicles. Volkswagen's relative underperformance over the past year is mostly undeserved. Net profit in Q1 has been the best it has been for quite some time.

Ferrari, Volkswagen And Mercedes-Benz Deepen Asia Dependence

Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop.

Volkswagen's H1 deliveries up in every region but China

Intesa Sanpaolo SpA

J Sainsbury PLC

ISNPY, JSAIY and VWAGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 13, 2023.

Best Income Stocks to Buy for July 13

Germany's Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.

Audi in talks to buy Chinese automaker SAIC's EV platform -sources

Volkswagen was challenged by an investor association on Tuesday about the planned audit of its co-owned site in Xinjiang, China, adding to concerns raised by human rights activists that the measure would be ineffective.

Volkswagen faces fresh investor doubts on independence of planned Xinjiang audit

General Motors

General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure.

GM cuts Lyriq EV price in China by 14% after VW discounts

Volkswagen will begin testing its autonomous vehicles on the streets of Austin, Texas this month, and will expand around the city over the next three years.

Volkswagen to test autonomous vans in Texas

Many investors are skeptical of automakers that invest in full self-driving technology, and for good reasons. This technology still has many hurdles that it needs to overcome before it can be deployed on any sort of scale.

Volkswagen: The Cheapest Self-Driving Car Stock on the Market

Volkswagen (VWAGY) is hitting the gas pedal on its autonomous future, kicking off trials in Austin.

Volkswagen (VWAGY) Fuels Autonomous Drive With Austin Test Run

Volkswagen AG will start testing its autonomous vehicles on public roads for the first time this month in Austin, Texas.

Volkswagen to start testing self-driving electric vans on streets of Austin

Ten self-driving electric Volkswagen buses will soon cruise the streets of Austin, Texas, testing autonomous driving technology. The automaker said it plans to launch commercial services in Austin by 2026.

VW to test self-driving tech in retro-styled electric Microbuses

Volkswagen has launched an autonomous vehicle test program in Austin using a fleet of 10 all-electric ID Buzz vehicles equipped with partner Mobileye's technology. The new program comes about nine months since autonomous vehicle technology startup Argo shut down after its two backers, Volkswagen and Ford, pulled financial support and gobbled up its remains.

Volkswagen to start testing self-driving ID Buzz vans in Austin

Volkswagen said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.

Volkswagen to launch self-driving vehicles in Texas by 2026

Volkswagen will deploy about 10 of its ID Buzz electric vans equipped with autonomous-driving systems developed with Mobileye by the end of 2023.

Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI

Volkswagen said it is monitoring the situation on metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, while some chipmakers on Thursday played down the potential damage to supplies.

VW ready to deal with China metal curbs if needed, chipmakers play down fallout

Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it would control exports of some metals, adding that it was "ready to take measures together with its partners if necessary".

Volkswagen ready to act amid China metal export curbs

German carmaker Audi is this month scheduled to announce plans to begin producing electric vehicles in Mexico, according to three people with knowledge of the matter, joining other major carmakers in ramping up EV output in Mexico.

Audi to unveil electric vehicle manufacturing plans in Mexico -sources

Volkswagen Group (XETRA:VOW) emerged as the UK's most-sold brand in June as battery-powered cars continued to gain traction against fossil-fuelled alternatives. 15,185 Volkswagen-branded cars accounted for 8.6% of all UK registrations during the month, according to data from industry body The Society of Motor Manufacturers and Traders.

News for Volkswagen AG Stock (VWAGY)