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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Bayerische Motoren Werke AG

Mercedes-Benz Group AG

Porsche Automobil Holding SE

IG Metall, the powerful German labour union, and employee representatives of the nation's major carmakers said in a statement on Thursday that Germany should vote against the introduction of European Union tariffs on Chinese electric vehicles.

German union, auto workers call on Germany to vote against EU tariffs on Chinese EVs

Key Points: China's EV Dominance: Chinese EV companies are pushing Volkswagen out of the market, adding to their global struggles.

Volkswagen's Growing Challenges in the Global Market

Key Points: Volkswagen's First Plant Closures in Germany: A historic move causing significant concern.

Volkswagen's Historic Decision: Closing German Manufacturing Plants

Germany's largest automaker, Volkswagen, has voiced its opposition to proposed tariffs on Chinese electric vehicles (EVs). A company spokesperson stated that the tariffs are a misguided approach and called for Germany to vote against the European Union's plan to implement them.

Volkswagen Opposes Proposed EU Tariffs on Chinese Electric Vehicles

Volkswagen on Wednesday urged Germany to vote against the introduction of European Union tariffs on Chinese electric vehicles, arguing that the tariffs do not improve the competitiveness of the auto industry.

Volkswagen calls on Germany to vote against EU tariffs on Chinese cars

The temporary sales environment – called Porsche NOW - offers a unique, convenient and interactive way for customers to experience the Porsche brand. The temporary sales environment – called Porsche NOW - offers a unique, convenient and interactive way for customers to experience the Porsche brand.

Porsche NOW: First Porsche temporary sales space opens in the United States

Porsche remains the leader among luxury brand car owners according to the 2024 U.S. Automotive Brand Loyalty Study Porsche remains the leader among luxury brand car owners according to the 2024 U.S. Automotive Brand Loyalty Study

Porsche receives top honor for the third consecutive year in J.D. Power study

Volkswagen's luxury division Audi has so far not found a potential suitor for its plant in Brussels that was put under review in July, saying none of the 26 potential buyers it held talks with was prepared to take on the roughly 3,000 staff.

Volkswagen's Audi says no suitable buyer so far for Brussels plant

The criminal trial of former Volkswagen Chief Executive Martin Winterkorn over the so-called dieselgate scandal has been suspended due to his poor health, a court in Braunschweig said on Tuesday.

Dieselgate trial of former VW chief suspended due to ailing health

Volkswagen's truck unit Traton set out five-year targets during its Capital Markets Day on Tuesday, as it expects to benefit from the shift towards electrification and plans to raise the share of battery electric vehicles in its sales.

Volkswagen's truck unit Traton plans to increase profitability by 2029

Stellantis N.V. 

European car stocks traded lower after Volkswagen, Jeep maker Stellantis and Aston Martin cut their respective annual outlooks.

European Car Stocks Drop After Flurry of Guidance Cuts

Volkswagen cut its sales and profitability forecasts for the year, joining a growing list of European rivals in lowering their targets as the industry faces an increasingly bumpy transition to electric vehicles.

Volkswagen Slashes Guidance as Challenges Pile Up

Volkswagen on Friday cut its annual outlook, citing a weaker-than-expected performance of its passenger car division as well as a deteriorating macroeconomic environment.

Volkswagen cuts 2024 outlook on macroeconomic headwinds

TORONTO, ON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Porsche Cars Canada, Ltd. (PCL) announced today the appointment of Trevor Arthur as its new President and Chief Executive Officer, effective October 1, 2024.

Porsche Cars Canada announces Trevor Arthur as its new President and CEO

Volkswagen bosses and workers' representatives started crunch talks Wednesday about the ailing German auto titan's drastic cost-cutting plans, with thousands of staff staging a protest and unions vowing "bitter resistance".

Unions vow 'bitter resistance' as Volkswagen talks begin

After Volkswagen's bombshell announcement earlier this month that it could close factories in Germany for the first time, company management and unions will begin tense talks on a new pay deal Wednesday.

High costs, slowing China: VW's perilous road ahead

Volkswagen's showdown with powerful labour leaders over how to tackle spiralling costs at underused German factories has triggered intense soul-searching about the root causes of the carmaker's problems.

Insight: VW labour clash spotlights Europe's car factory conundrum

When labour unions step into the ring with Volkswagen executives on Wednesday to fight over job security and plant closures, it will mark the toughest test yet for the most powerful figure at the automaker behind its CEO: Daniela Cavallo.

'Darkest day': Volkswagen's trailblazing labour chief gears up for jobs battle

Powerful trade unions and executives at Volkswagen will kick off talks over pay on Wednesday that are likely to determine how aggressively Europe's biggest automaker pursues layoffs and potential factory closures in Germany.

Volkswagen starts key pay talks with unions in shadow of possible plant closures

Alphabet

Alphabet's Google is providing key capabilities for an artificial intelligence assistant for Volkswagen drivers in a smartphone app, part of Google's strategy to win business by offering tools to build enterprise AI applications.

Google, Volkswagen partner on smartphone AI assistant

Porsche AG shares have been disappointing post-IPO, falling due to challenges in China and cautious market guidance despite initial gains. Germany's economic struggles, including a recession and reliance on China, have negatively impacted German automakers, including Porsche. Porsche faces difficulties in the EV market, with consumer preferences shifting towards local BEVs in China, affecting sales.

Porsche AG: Bad News, A Few Positives And The Issue Of Valuation

Volkswagen's CEO expects labour unions to make proposals on how to cut costs and close a gap with competitors, two days before talks over plant closures and new wage deals.

Volkswagen CEO expects significant concessions from unions in crunch talks

SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base was "normal and necessary", Chinese media outlet Yicai reported.

SAIC Volkswagen says adjusting plant base "necessary"

German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through this period of cost-cutting without site closures.

German economy minister offers help to Volkswagen to avoid site closures

Germany's government was considering ways for it to support Volkswagen , German economy minister and vice-chancellor Robert Habeck said on Thursday when asked about the threat of job cuts at the country's largest carmaker.

News for Volkswagen AG Stock (VWAGY)