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.

The company said it would target two-thirds of the investment on the development of electric vehicles and new technology, with a particular focus on the expansion of its business in China and the U.S.

VW Plans $192 Billion Investment Focusing on EVs, New Tech

The German automotive giant earlier this month posted a full-year 2022 operating profit of 22.5 billion euros, up 13% from the previous year, with battery and electric vehicle (BEV) deliveries rising 26%.

Volkswagen announces five-year $193 billion investment plan as electrification gathers pace

Volkswagen will invest 180 billion euros ($192.76 billion) in the next five years into areas including battery cell production, digitalisation in China and expanding its presence in North America, the carmaker said on Tuesday.

Volkswagen to invest 180 bln euros in five-year plan

The car maker will take advantage of the country's rich raw materials and could possibly cash in on U.S.-legislated incentives aimed at encouraging green-tech investments.

Volkswagen Picks Canada for First Battery Plant Outside Europe

Volkswagen Group and its battery company PowerCo have picked Canada for its first overseas battery cell factory. The plant, located in St. Thomas, Ontario, will produce battery cells beginning in 2027, according to the German automaker.

Volkswagen and PowerCo to build North American battery factory in Canada

Volkswagen chose Canada to build its first battery cell plant outside Europe, granting its cars access to both Canadian and U.S. subsidies as it works to localise its electric vehicle production chain in the region.

Volkswagen picks Canada for first battery cell plant outside Europe

Volkswagen's battery needs are covered until 2028 by its three confirmed factories in Europe - the Salzgitter plant in Germany, Northvolt's plant in Sweden and a planned plant in Valencia, board member Thomas Schmall said on Monday.

Volkswagen: we are covered by our three gigafactories in Europe until 2028

Volkswagen is a company I highlighted in my sector-focus article in the beginning of the year as being massively undervalued. Due to the complexity with Porsche and VW, my selection for investing has been a small position in Porsche, but a full position in Volkswagen via the native VOW3.

Volkswagen: Positive In January, Still At A 'Buy' Now

Volkswagen AG is hoping to reap $10.5 billion (10 billion) in possible incentives from the U.S. to build a new battery plant that was originally destined for Eastern Europe.

Volkswagen looking for $10.5 billion in U.S. incentives to build new battery plant, as it waits on Europe's own green plan: report

Volkswagen is putting on hold a planned battery plant in eastern Europe and prioritising a similar facility in North America after estimating it could receive €10bn in US incentives, according to the Financial Times. The decision is the latest fallout from Joe Biden's US$369bn package of subsidies and tax incentives for green technology that is luring European companies to the US, the FT said.

Volkswagen could shift battery plant investment to US attracted by subsidies

Carmaker says it is progressing faster on US factory than European one thanks to subsidies

Volkswagen warns EU that US is beating it in race to attract battery makers

Volkswagen is considering shifting some planned battery production plants to the U.S. from Eastern Europe.

First Tesla, Now Volkswagen. How U.S. Is Winning the Battery Race.

Volkswagen is pausing plans for a battery plant in eastern Europe and prioritising building a plant in North America where it expects to reap 9-10 billion euros ($10.54 billion) in subsidies, the Financial Times reported on Wednesday.

Awaiting an IRA response, Volkswagen pauses decision on eastern Europe battery plant

Volkswagen delivered strong FY 2022 results, topping analyst consensus estimates with regard to both topline and earnings.

Volkswagen: Still Dirt Cheap Value

Volkswagen's off-road brand Scout Motors said on Friday it would build a $2 billion manufacturing plant near Columbia, South Carolina, for trucks and SUVs.

Volkswagen's Scout to build $2 bln plant in South Carolina

Ford Motor Company

Automakers continue to signal easing chip and supply disruptions. Ford stock popped.

Ford Stock Pops, Volkswagen Jumps On Signs Of Easing Headwinds

Scout Motors, the VW Group spinoff taking aim at the U.S. market with rugged all-electric vehicles, is deepening its investment with plans to build a $2 billion factory capable of producing 200,000 EVs a year in South Carolina.

VW-backed Scout Motors to build $2B factory in South Carolina

Rivian Automotive

The German auto giant's stock seems cheap for the company's many brands and stake in Porsche.

Volkswagen Stock Is Practically Free, and Rivian Trades for a Song. Valuations Can Make No Sense.

Volkswagen said on Friday that it expects supply chain issues to ease and sales to rise to as much as 331 billion euros ($352 billion) in 2023, sending shares in Europe's top carmaker to their highest level in nearly three months.

Volkswagen's 2023 sales outlook blows past forecast, shares soar

Volkswagen is still hashing out where to build its first large battery cell factory outside Europe, a spokesperson for the company said on Friday.

Volkswagen: in constructive talks over first gigafactory in North America

A visit to the factory by the German car maker's China head reignites criticism over its presence in a region where authorities face allegations of using forced labor.

Volkswagen Says No Human-Rights Abuses at Xinjiang Plant in China

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TripAdvisor

Despite the “hotter-than-expected” U.S. inflation data reported on Feb. 24, the fundamentals of the U.S. economy remain pretty strong. But don't take my word for it; listen to the CEO of JPMorgan, Jamie Dimon, who told CNBC on Feb. 23 that “The U.S. economy is doing quite well.

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Spotify

Dozens of apps including Spotify, Amazon Music, Tiktok and gaming hubs Vector Unit and FRVR are headed to VW Group brands, beginning with Audi thanks to a new app store launched by its software subsidiary Cariad.

VW's software unit Cariad launches app store to bring Spotify, Tiktok and hundreds more to vehicles

Electric vehicle (EV) leasing companies are using outdated prices to overcharge customers far higher than true market value, according to new research. Leasing a battery EV is 57% more expensive than an equivalent petrol-powered model in Europe, despite both now depreciating at similar rates, according to a report from campaigner Transport & Environment (T&E) that analysed prices of 2.7mln used vehicles.

EV leasing customers being 'overcharging' by companies such as Lloyds' Lex Autolease and VW

Volkswagen is contractually committed to its plant in Xinjiang until 2030, it said on Tuesday, after its China chief made the first visit by senior management to the plant in mid-February and said he saw no signs of forced labour.

News for Volkswagen AG Stock (VWAGY)