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.

Glencore PLC

Stellantis N.V. 

As EVs take over the world, PowerCo, Stellantis, and Glencore team up to secure their supply of vital raw materials by investing in ACG Acquisition Company.

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Volkswagen's passenger car brand aims to increase earnings by around 10 billion euros ($10.82 billion) by 2026 to hit its return on sales target of 6.5%, Chief Financial Officer Arno Antlitz posted on LinkedIn on Wednesday.

Volkswagen passenger cars targeting 10 bln euros higher earnings via cost cuts

Glencore, automobile firm Stellantis and Volkswagen's battery company PowerCo have entered a US$1bn deal to fund ACG Acquisition Company to buy two mines in Brazil. ACG is a London-listed special purpose acquisition company (SPAC) that will buy Santa Rita nickel sulphide and Serrote copper mines from private equity funds advised by Appian Capital.

Glencore enters SPAC with Stellantis and Volkswagen to purchase Brazilian mines

Volkswagen's supervisory board will meet on Tuesday to discuss a planned savings programme ahead of its capital markets day on June 21, two sources close to the company said on Monday.

Volkswagen supervisory board to discuss savings programme on Tuesday

Orsted AS

Iberdrola SA

I've been writing about the best green energy stocks for many years. For this column, I'm taking a new approach.

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Volkswagen 's Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production, research and development of electric vehicles (EV), the German automaker said on Tuesday.

VW's China joint venture transforms Shanghai plant for EV production

TULSA, Okla.--(BUSINESS WIRE)--Francis Energy, owner of the fourth-largest electric vehicle fast-charging network in the country, announced today it has been awarded grant funds by the Illinois Environmental Protection Agency to build and operate three new charging stations in high-traffic areas along the state's highways. The locations include Beach Park, Troy, and LeRoy. “We are grateful for the opportunity to partner with the state of Illinois to build safe, convenient, reliable and affordab.

Francis Energy Awarded VW Grant Funds by the State of Illinois for Deployment of Fast-Charging EV Stations

Volkswagen is betting big on the upcoming ID.Buzz electric van. With availability of the vehicle still a year out, the automaker is counting on years of pent-up anticipation to not only sell the bus shrouded in nostalgia, but to have it act as a halo product to bring customers to the brand's entire EV lineup.

Inside Volkswagen's big ID.Buzz bet

Grab your bell bottoms: The VW bus is back.

Get Ready for Road Tripping: The VW Bus Is Back as an EV.

Volkswagen AG moved into high gear by announcing elaborate plans for the return of the VW bus to North America with the all-electric ID. Buzz with long wheelbase.

Volkswagen to launch electric bus for North America and Europe

Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, the carmaker said on Friday, in what marks the reintroduction of the iconic model after a two-decade hiatus.

Volkswagen brings VW bus back to North American market after 20 years

Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker's biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage have eased, a senior executive said.

Volkswagen launches extra shifts at Wolfsburg plant - brand board member

Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.

Volkswagen won't participate in China discount battle "at any price" - COO

BYD Company Limited

Li Auto Inc.

Tesla

BYD Co Ltd

Geely Automobile Holdings Ltd

Of 78 EV brands since Jan 2020, 12 are gone and 18 had April sales under 1,000. Only 7 brands (and 8 firms) averaged over 10,000 monthly sales Jan-Apr 2023. Battery EVs peaked at 25.2% of the market in Nov 2022 (22.1% in 2022Q4). In Apr, BEVs held 22.5% (21.4% in 23Q1). Rapid growth has ended.

China EVs: Losers Will Multiply

After decades of trying to sell German engineering to Americans only to end up with a tiny slice of the world's most profitable car market, Volkswagen has a new strategy: Revive a once-beloved brand that hasn't produced cars since 1980.

Volkswagen Bets an Old SUV Can Help It Win Over Americans

Volkswagen and its Audi unit have agreed to an $85 million settlement in principle over violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said Thursday.

VW, Audi agree to $85 million diesel settlement in principle with Texas -- state

Toyota Motor

Automakers, including Toyota and Volkswagen, should decarbonise their steel supply and cut back on the material's consumption by reducing the size of vehicle models, Greenpeace said on Thursday.

Despite promises, automakers lack 'concrete actions' to decarbonise steel - Greenpeace

Despite the EV buzz, Volkswagen's shares remain under the radar, with the stock trading at a trailing PE ratio of 4.83. The transition towards electric mobility is going well, with deliveries of EVs increasing 42% in Q1 2023.

Volkswagen: The Undervalued Giant In The EV Revolution

Volkswagen has completed the sale of its shares in its Russian business Volkswagen Group Rus LLC as well as its local subsidiaries, the German carmaker said on Friday, following approval of the deal by Russian authorities.

VW sells shares in Russian business to a local investor

The rise of customization is driving record profits across the super-car segment, from Rolls-Royce and Ferrari to Lamborghini, Aston Martin and McLaren.

Bentley CEO says customization craze among the wealthy is boosting profit

With governments across the world pushing for EVs and China aiming for 40% of new vehicle sales by 2030, it's time to look at the best EV stocks to buy. Besides China, several other countries are gearing up for a major push towards EVs which means EV makers will take home big gains in the next few years.

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German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal memo from VW brand chief Thomas Schaefer seen by Reuters on Wednesday.

Volkswagen plans core brand revamp to boost returns -internal memo

Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models.

Volkswagen aims for 'margin parity' on some EVs by 2025

AUSTIN, Texas--(BUSINESS WIRE)-- #aerospace--Former Pres. and CEO of Volkswagen Group of America, Hinrich Woebcken has joined space company CesiumAstro as an advisor to bridge connected mobility.

CesiumAstro Welcomes Hinrich Woebcken, Former CEO of Volkswagen Group of America, as Senior Executive Advisor

Chinese OEMs like BYD, Geely and GAC are increasing BEV units at a higher rate than VW Group. Rivals like Tesla, Mercedes and BMW had higher growth rates of BEVs in Germany from 2021 to 2022.

News for Volkswagen AG Stock (VWAGY)