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.

TomTom NV, the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen, integrating its mapping and navigation technology into Volkwagen's cars, including electric vehicles.

Dutch digital mapmaker TomTom says it will extend Volkswagen partnership

AMSTERDAM, The Netherlands and WOLFSBURG and INGOLSTADT, Germany, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Volkswagen's automotive software and technology company CARIAD and the geolocation technology specialist TomTom (TOM2) today announced that they are co-developing a best-in-class navigation product for the Volkswagen Group. The innovative product will combine TomTom's expertise in hybrid navigation and industry-leading traffic services, with CARIAD's competences in premium user experience and vehicle integration. This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a successful and long cooperation: TomTom has been a trusted traffic service partner for the Volkswagen Group for many years.

CARIAD and TomTom Co-Develop Volkswagen Group's Next-Gen Navigation

Ford Motor Company

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Ford Motor Co (NYSE: F) and Volkswagen Group (OTC: VWAGY) led the decline in new car registrations in the European Union last month, data from European Automobile Manufacturers' Association (ACEA) showed. What Happened: Overall, new passenger car registrations in the EU fell 20.5% to 713,346 units in November, marking the fifth consecutive month of decline this year.

Ford, Volkswagen See Massive Declines In November New Car Registrations In European Union

Volkswagen's Skoda Auto will extend its Christmas break until Jan. 10, unions at the largest Czech carmaker said on Thursday, as the automotive sector struggles with parts deliveries disruptions.

VW's Skoda to extend holiday break until Jan. 10, unions say

Volkswagen sales are expected to reach just below 9 million vehicles this year as semiconductor bottlenecks weigh on production, Manager Magazin reported on Thursday, citing people familiar with the matter.

Volkswagen 2021 sales to be just below 9 million vehicles - Manager Magazin

With so many exciting EV start-ups on the market, it's easy to ignore companies like VW.

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Volkswagen's Spanish unit SEAT has added new output curbs at its main assembly car plant near Barcelona in December, closing its factory for five days, because of global semiconductor supply bottlenecks, the company said on Monday.

VW's SEAT adds output curbs in December as chip shortage lingers

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Volkswagen said on Monday it was looking at locations for planned battery cell plants in Spain and eastern Europe and the exact sites for its third and fourth gigafactories would be determined in the first half of 2022.

Volkswagen plans to decide new gigafactory locations in H1, 2022

Herbert Diess retained his job as VW Group CEO after enraging the powerful union with talk about the need to shed tens of thousands of jobs. Investors will carry on insisting that VW's unwieldy management structure means it will face global competition with one hand tied behind its back.

Volkswagen CEO Diess Stays, As Warring Factions Declare A Truce, Again

Volkswagen's software unit Cariad and automotive supplier Bosch are nearing an agreement to cooperate on automotive software, Handelsblatt reported, citing company sources.

Volkswagen, Bosch to cooperate on automotive software - Handelsblatt

Germany's Volkswagen Group (OTC: VWAGY) on Thursday revealed a series of measures that include CEO Herbert Diess keeping his job, overhauling the board, naming a new China leader and the company raising its five-year spending plan for electric mobility to take on Tesla Inc (NASDAQ: TSLA). The Big Changes: The 63-year old Diess will continue as Volkswagen Group CEO but his responsibilities have seemingly been reduced.

Volkswagen CEO Herbert Diess Keeps His Job, Company Ramps Up EV Investments As It Looks Ahead To 'Important Years Of Transformation'

XPeng

Germany's Volkswagen Group (OTC: VWAGY) has roped in three more Chinese automakers in its open European Union pool to meet carbon targets, according to Schmidt Automotive Research. What Happened: U.S. listed Chinese electric automakers Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) and Geely Automobile Holdings Ltd (OTC: GELYF) are the new OEMs who have joined Volkswagen's open EU passenger car CO2 pool, taking the total Chinese automaker's count in the pool to six.

Nio, Xpeng Join Volkswagen's EU CO2 Pool Aimed At Meeting Carbon Targets

Volkswagen Group (XETRA:VOW) (VW) will increase its spending on electric vehicles (EVs) to US$100bn over the next five years in a bid to increase sales of the emissions-free cars from 5% of its total to 25%. The company will now spend more than half of its budget on EVs, with the money going towards electrifying its existing plants such as Hanover and Wolfsburg, where its flagship electric car, currently called Project Trinity, will be built from 2025 onwards.

Volkswagen to spend US$100bn on electric vehicles over next five years

More than half the money Volkswagen Group spends in the next five years will go towards electric vehicles and other high-technology efforts, the German automaker announced Thursday.

Volkswagen increases spending on EVs to $100 billion

Volkswagen's U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for tampering with vehicle emissions controls in diesel vehicles.

VW to pay $3.5 million to resolve Illinois diesel lawsuit

Volkswagen is readying its battery unit for a partial sale or listing and has agreed to convert it into a so-called European company, or Societas Europaea, to provide the conditions for such a move, CEO Herbert Diess said.

Volkswagen prepares battery division for capital markets - CEO

Volkswagen on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50% to 52 billion euros ($59 billion) by 2026 as part of the group's far-reaching transformation.

Volkswagen ramps up e-mobility spending to $59 billion by 2026

HAMBURG (Reuters) -Volkswagen's supervisory board will provide details on Thursday on the future responsibilities of CEO Herbert Diess, which are likely to be curtailed as a result of an ongoing clash with the firm's works council, a person familiar with the matter said.

Volkswagen board to provide details on CEO's future powers - source

FREYR Battery SA (NYSE: FREY) welcomes strategic partnership and investment between its partner, 24M Technologies, Inc., and Volkswagen Group (OTC: VWAGY) to manufacture next-generation lithium-ion EV batteries using 24M's SemiSolid platform.  The partnership is focused on developing production technology for SemiSolid battery cells for use in VWAG electric vehicles.

FREYR's Partner 24M Technologies Inks EV Battery Deal With Volkswagen

(Kitco News) - Vulcan Energy, a lithium developer focused on projects in Europe, announced today that it has signed a binding lithium hydroxide offtake agreement with the Volkswagen Group, the world's largest automaker by revenue and the largest company in Germany.

Vulcan Energy inks lithium offtake agreement with Volkswagen

Volkswagen AG's Americas chief sees the global chip shortage lasting into the third quarter of next year, but believes the auto industry will maintain the discipline that has led to strong vehicle pricing and corporate profits even when the flow of semiconductors returns to normal.

VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins

Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040. The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy […]

Volkswagen closes three new partnerships to amp up EV production

The luxury-car unit could be valued at between €45 billion and €90 billion.

News for Volkswagen AG Stock (VWAGY)