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.

Premium brands BMW , Mercedes-Benz and Audi navigated last year's automotive supply chain challenges better than the mass-market Volkswagen brand, company data showed on Tuesday.

German premium car brands handled supply chain woes better than VW

Luxury car manufacturers Bentley and Rolls-Royce Motor Cars raced to record 2022s with customisations driving sales. Bentley delivered 15,174 vehicles last year, breaking the 15,000 barrier for the first time in its history.

Bentley races after Rolls-Royce to report record year as customisations drivie sales

British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong demand offsetting a 9% drop in China caused by coronavirus-related lockdowns.

Bentley cruises to record sales in 2022 despite China drop

Volkswagen's software division, CARIAD, has emerged from a review ordered by VW's new chief executive with a plan to work toward a unified software architecture for future vehicles one jump at a time, according to CARIAD chief Dirk Hilgenberg.

VW's CARIAD software chief promises progress one jump at a time

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The all-electric Volkswagen ID 7 sedan — the next EV in the German automaker's lineup — was unveiled Tuesday at CES 2023 in Las Vegas. And the most exciting part of the debut wasn't the vehicle's multi-layered explosion of yellow, orange, red and blue camouflaged electroluminescent paint that lights up on command.

The Volkswagen all-electric ID 7 sedan's most interesting feature isn't its light-up paint

The way Volkswagen developed software over the last few years caused the group to fall behind its competitors, especially in China. The new CEO does a lot of things right; there is a renewed focus on developing features for customers/cars instead of announcing partnerships and investments with an unspecified outcome.

Volkswagen: New CEO Is Taking The Right Steps On Software

The recall covers Beetles from the 2015 and 2016 model years.

Volkswagen recalls 42,000 Beetles to replace dangerous Takata air bags

Like the rest of the industry, Volkswagen is undergoing turbulence. Execution will be key to mitigate the near-term impact, but over the long run, the EV transition remains on track.

Volkswagen Prefs: A Deeply Discounted Play On The EV Transition

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America's economic statistics continue to suggest that fears about an imminent recession and a corporate earnings collapse are way overblown. For example, during the recent holiday shopping season, sales climbed 7.6% year-over-year.

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Volkswagen stock (OTCMKTS: VWAGY) has declined by close to 15% over the last month and remains down by 45% year-to-date, weighed down by a slew of factors including rising interest rates, the Russian invasion of Ukraine, and the semiconductor and the component crunch.

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SPOKANE, Wash.--( BUSINESS WIRE )--A King County Jury has found Volkswagen AG of Germany and its American subsidiary Volkswagen Group of America liable for exposing Thomas Sorrentino to carcinogenic asbestos through his work as an auto mechanic at United Volkswagen in Spokane, Wash., awarding the now-deceased plaintiff and his son, Johnathan, $5.75 million in damages. The jury awarded $5 million to the estate of Mr. Sorrentino, with $750k going to his son.

Volkswagen Group of America and Volkswagen AG Found Liable for the Mesothelioma Death of Spokane Man; Ordered to Pay $5.75 Million in Damages

Volkswagen will refocus on raising productivity after numerous challenging years and is targeting margin parity between electric and combustion engine cars in 2-3 years if raw material prices normalise, its finance chief said on Friday.

Volkswagen to refocus on raising productivity, warns of challenging 2023 - finance chief

Volkswagen will soon make a decision on the location of its planned battery plant in Eastern Europe and begin searching for a location in Canada, Chief Executive Oliver Blume said on Friday.

Volkswagen: decision on location of battery plant in eastern Europe coming soon

Volkswagen shareholders gathered in Berlin on Friday to vote at an extraordinary general meeting on the payout of a special dividend of 19.06 euros ($20.28) per share from the proceeds of the listing of Porsche AG.

CEO says Volkswagen on solid footing as shareholders meet over special dividend

Volkswagen's chief designer Klaus Zyciora is leaving the company and will be replaced by Porsche chief designer Michael Mauer, Volkswagen said on Wednesday.

Volkswagen replaces chief designer with Porsche hire

Volkswagen and Italy's Enel have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros ($105.38 million) each, Volkswagen said on Tuesday.

Volkswagen and Italy's Enel launch joint venture for high-speed charging

Czech carmaker Skoda Auto, part of Volkswagen , is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche.

Volkswagen's Skoda considers withdrawing from China - media report

Major car brands may be linked to metals from Chinese factories that employ forced Uyghur labor, according to new research.

Major car brands like Volkswagen, Tesla, and BMW are at high risk for sourcing metals from factories linked to forced Uyghur labor, researchers say

Volkswagen expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates.

Volkswagen expects difficult 2023 for financial services unit

Volkswagen delivered strong Q3 FY2022 results amid persistently disruptive macroeconomic times. The company's focus is on electrifying Volkswagen brands to lead the pack in EV market penetration and sales.

Volkswagen: Betting On An Electrifying Future

Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of the funds going into preparation for the production of the electric ID.3 model, brand chief Thomas Schaefer said on Wednesday.

Volkswagen to invest $482 million in electrifying Wolfsburg plant

Volkswagen's CEO will outline a new software and vehicle platform strategy to the carmaker's supervisory board on Dec. 15 as he tries to turn his predecessor's vision into deliverable goals, three company sources told Reuters.

Volkswagen CEO to present software 'reality check' to board on Dec 15

Volkswagen Chief Executive Oliver Blume will present a long-delayed new software strategy for the carmaker at a supervisory board meeting on Dec. 15, Handelsblatt newspaper reported on Monday, citing company sources.

Volkswagen to discuss new software roadmap on Dec. 15 -Handelsblatt

While researching the electric vehicle industry for potential investment opportunities, I was looking through the news for related stories and found three rather interesting tidbits of information. I may not be familiar enough with the industry yet to make any actionable bets on this information, but I still felt like it was worth analyzing them to see what I could learn.

News for Volkswagen AG Stock (VWAGY)