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.

Volkswagen's CEO warned Germany and the EU must reduce energy prices or investments in new battery cell factories will be "practically unviable."

Volkswagen CEO says building EV batteries in Europe 'practically unviable' due to soaring energy costs

Volkswagen is still finding its way in the U.S. market decades after it began trying. But the electrification of the industry may provide the German automaker with a way to make America a solid third leg of its global market.

Volkswagen Sees EVs As Key To Making U.S. A Reliable ‘Third Leg'

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The production halts underscore how supply-chain disruptions are bubbling up yet again in China.

Volkswagen, Honda Suspend Production at China Plants Due to Covid-19 Curbs

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Between the normal seasonal upturn and new stimulus policies, auto sales ought to be surging. Instead, October is down from July and below October 2020 levels. Data through November 20. Of more concern to investors, NEVs actually fell in market share, and EV sales declined. The EV venture Weltmeister is in serious trouble.

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Although significant macroeconomic challenges, Volkswagen delivered a solid Q3 2022. Investors should consider that most macro headwinds will likely turn out to be temporary.

Volkswagen: Too Cheap To Ignore

Chinese electric-car makers are increasingly taking market share from the German giant in its largest market.

VW Faces New Problem in China: Homegrown Competitors

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It hasn't received a lot of attention that the outlook for Germany's economy, Europe's largest, is considerably better than it was just a few months ago.

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The auto maker also agreed to raise its Germany workers' pay in 2023 and 2024.

VW to Give Germany Workers $3,000 Bonus Amid Soaring Inflation

Volkswagen AG on Wednesday agreed to a new pay deal with Germany's largest labor union to alleviate soaring inflation in the country

Volkswagen agrees on pay deal with IG Metall Union to ease inflation

Metalworking union IG Metall struck a wage deal with Volkswagen for the carmaker's western German factories that hewed closely to an earlier agreement for the wider metal engineering industry in the country, a person familiar with the talks told Reuters.

Volkswagen in wage deal with German union

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The German car maker will end production of such vehicles at its joint venture with SAIC Motor in August 2024 due to changes in market demand.

Volkswagen's China Joint Venture to Halt Manual-Car Production

Chief Executive Oliver Blume is beginning to reorder VW's most ambitious—and fraught—endeavors to focus on near-term implementation of key software and technology for coming models.

Volkswagen's New CEO Puts Self-Driving Car Plans Under Review

Volkswagen Chief Executive Oliver Blume is reviewing plans to build its planned Trinity electric vehicles (EV) factory, a source told Reuters on Thursday after Manager Magazine reported he wanted to ditch the proposals.

Volkswagen's $2 bln Trinity electric vehicle plant in doubt

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SACRAMENTO, Calif. — California on Monday settled a lawsuit against a German company stemming from the emissions scandal that tarred Volkswagen in 2015 and Fiat Chrysler two years later.

California settles with parts supplier Bosch in Volkswagen emissions scandal

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Volkswagen on Friday said it has recommended to its brands to pause their paid activities on Twitter until further notice.

Volkswagen tells brands to pause paid activities on Twitter

The chief of Volkswagen's Spanish unit SEAT said on Thursday the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.

VW's SEAT says Spain's subsidy for battery plant, EV production 'not sufficient'

If you were walking down the street and saw a $100 bill just sitting near the curb, would you pick it up? Academia would argue that the $100 bill isn't there.

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Ford and Volkswagen are trying to squeeze any remaining value out of Argo AI, the autonomous vehicle startup the two automakers invested billons in before abruptly shutting it down last week.

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Two tweets of mine on Elon Musk and IEA forecasts of EV penetration by 2030 prompt this short note. It is found that IEA's projection (60%) is more plausible than Elon Musk's one (50%) pointing to a faster EV revolution in the years to come.

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Volkswagen said on Tuesday it would sell its carsharing service WeShare to Miles Mobility, under a deal that sees the Berlin-based competitor order more than 10,000 electric cars from the Audi, Seat/Cupra and VW brands.

Volkswagen sells WeShare to Berlin-based carsharing service

Volkswagen order books are very well filled. Porsche IPO catalyst has still not played out. We continue to see Volkswagen really undervalued.

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Volkswagen AG (OTCPK:VWAGY) Q3 2022 Results Conference Call October 28, 2022 3:00 AM ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head of Treasury and Investor Relations Oliver Blume - Chief Executive Office Arno Antlitz - Chief Financial Office Nicole Mommsen - Corporate Communication Conference Call Participants Tim Rokossa - Deutsche Bank Patrick Hummel - UBS José Maria Asumendi - JPMorgan Horst Schneider - Bank of America Philippe Houchois - Jefferies Daniel Schwarz - Stifel Stephen Reitman - Societe General Charles Coldicott - Redburn Sebastian Rudolph Good morning, everybody, and a warm welcome to our Q3 Conference Call. I'm Sebastian Rudolph.

Volkswagen AG (VWAGY) Q3 2022 Earnings Call Transcript

Germany's Traton Group reported a 32% drop in operating earnings for the first nine months of the year, but unit sales rose 11% thanks to the Volkswagen-owned truck holding company's acquisition of Navistar.  Excluding Navistar, unit sales would have been down 13% year over year.

News for Volkswagen AG Stock (VWAGY)