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.

FRANKFURT, Germany (AP) — Volkswagen's annual shareholder meeting was briefly disrupted Wednesday by protests over the company's factory in China's Xinjiang province, with a shouting, topless activist interrupting the speech by CEO Oliver Blume before she was hustled away by security personnel.

VW's shareholder meeting disrupted by protests over its factory in China's Xinjiang province

Volkswagen software unit Cariad will likely bring its next generation 2.0 platform to market towards 2027 or 2028, its chief financial officer said at a Financial Times conference on Thursday.

Volkswagen CFO: Next-generation software platform to come towards 2027, 2028

Shouts erupted and an object resembling cake was thrown during different points of the meeting.

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VW Group has switched up the leadership at Cariad once again, just three years since the automaker created the software unit. On Monday, Cariad's board replaced its CEO Dirk Hilgenberg with Peter Bosch, who was previously responsible for manufacturing at VW's Bentley brand.

Volkswagen shakes up software arm Cariad — again

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Volkswagen will announce later on Monday the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm, two sources close to the company said.

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In his first major restructuring move since becoming chief last year, Oliver Blume is expected to oust Cariad's leadership after the venture caused delays to new model launches.

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Volkswagen AG (OTCPK:VWAGY) Q1 2023 Earnings Conference Call May 3, 2023 3:00 AM ET Company Participants Rolf Woller - Head, Group Treasury & IR Arno Antlitz - CFO & COO Conference Call Participants George Galliers - Goldman Sachs Group Tim Rokossa - Deutsche Bank Horst Schneider - Bank of America Merrill Lynch Michael Tyndall - HSBC Henning Cosman - Barclays Bank Gautam Narayan - RBC Capital Markets Frank Biller - Landesbank Baden-Wurttemberg Jose Asumendi - JPMorgan Chase & Co. Operator Good morning, ladies and gentlemen. Thank you for standing by.

Volkswagen AG (VWAGY) Q1 2023 Earnings Call Transcript

Volkswagen and Bosch (ROBG.UL) have cancelled their plans to create a joint venture to equip battery cell factories, Bosch said on Thursday.

Volkswagen, Bosch give up joint venture plans for battery cells

Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.

Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals

Volkswagen on Thursday confirmed its 2023 outlook after reporting higher revenue in the first quarter driven by vehicle sales in Europe and North America.

Volkswagen confirms 2023 guidance after revenue rise

The Zacks Consensus Estimate for Volkswagen's (VWAGY) Q1 earnings per share is pegged at 81 cents.

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Volkswagen's software arm Cariad is beefing out its U.S. tech hub with semiconductor experts, including the company's new CEO, Scott Runner.  Runner has a 30-year career building hardware and semiconductor teams at companies like Qualcomm, and his appointment signals a push by Cariad, and therefore VW, to build greater semiconductor capabilities in the U.S.

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ST. LOUIS--(BUSINESS WIRE)--ACERTUS, the only automotive logistics-as-a-service platform, today announced it has been named the exclusive transport provider for Volkswagen's Centerville, Illinois railhead ramp to help manage supply chain disruptions, remove friction, and improve velocity throughout the lifecycle of a finished vehicle. After several successful pilots, the manufacturer tapped ACERTUS to expand their logistics partnership to a critical, high-volume ramp. ACERTUS' unique combinatio.

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Volkswagen is targeting 90 gigawatt-hours of capacity at its planned battery factory in Ontario, Canada, the carmaker said on Friday, its largest planned battery plant to date.

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News for Volkswagen AG Stock (VWAGY)