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.

WOLFSBURG, Germany & CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #EVs--Volkswagen Group and 24M have entered into a strategic partnership to produce next-gen lithium-ion EV batteries using the 24M SemiSolid™ platform.

Volkswagen Group and 24M Technologies to Partner on Next-Gen EV Battery Manufacturing

Volkswagen, Europe's biggest carmaker, is still looking into floating its luxury sports car brand Porsche on the stock market, as a means of funding a shift to the production of electric vehicles, according to media reports. Porsche could be worth between €45bn and €90bn (£38bn and £77bn) as a standalone company, Reuters reported.

Volkswagen considering Porsche IPO to fund switch to EVs – reports

Luxury car unit could be valued at between $45 billion and $90 billion

Volkswagen Mulls Porsche IPO to Fund Electric Vehicle Transition

Lithium developer Vulcan Energy Resources has secured Volkswagen as an additional car industry customer for its environmental-friendly lithium hydroxide for automotive batteries.

Lithium extraction company Vulcan adds VW to customer line-up

Umicore SA

Umicore plans to establish a battery materials venture to supply Volkswagen's battery cell production as the German carmaker expands electric vehicle output, the Belgian chemicals and recycling company said on Wednesday.

Belgium's Umicore plans battery material venture to supply Volkswagen

Porsche Automobil Holding SE

Volkswagen is exploring a possible initial public offering (IPO) of luxury brand Porsche AG as an option to pay for its pricey transition to a focus on software and electric vehicles, two people who are aware of the talks told Reuters Tuesday (Dec. 7). There have been rumors about a Porsche IPO for a while, […]

Volkswagen Considering Taking Porsche Public

Porsche is the name of the day as rumors swirl over a possible IPO. POAHY stock is up big today as the chatter continues to heat up.

Is VW Still Considering Porsche IPO? Speculation Drives POAHY Stock Higher.

Speculation about listing comes amid reports of Porsche and Piëch families considering their VW stake

Volkswagen mulling Porsche IPO to help fund shift to electric – reports

BERLIN/HAMBURG (Reuters) -Volkswagen is still exploring a possible initial public offering of its luxury brand Porsche AG as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters on Tuesday.

Volkswagen exploring IPO of luxury carmaker Porsche -sources

"It is going in the direction that the dispute will be settled and Diess will remain CEO, the source said.

VW reportedly settles power struggle, Herbert Diess to remain CEO

The dispute between Volkswagen Chief Executive Herbert Diess and the carmaker's powerful works council seems to have been resolved, with Diess most likely keeping his job, a source familiar with the discussions told Reuters on Monday.

VW settles power struggle, Diess to remain CEO - company source

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Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers are open to trying new brands. What's true for startups, though, is also true for big automakers like Ford, General Motors and Volkswagen.

Ford, General Motors and Volkswagen are cashing in on the electric vehicle hype

A decision on the future of Volkswagen CEO Herbert Diess, previously expected by the end of the week, could be delayed further, three sources close to negotiations told Reuters on Friday, and discussions may drag into next week.

Negotiations on future of Volkswagen CEO could drag into next week - sources

Volkswagen Group (OTC: VWAGY) sold more locally made electric vehicles in China last month than the delivery volumes clocked by key rivals Nio Inc (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) -- but these numbers fell short of Xpeng Inc's (NYSE: XPEV) pole position.  What Happened: The German automaker said it sold 14,100 units in November.

Volkswagen Outdoes Nio In China EV Deliveries With ID. Series But Falls Short Of Another Key Rival

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The US is lagging behind in the electrification of new cars. While new government policies could help to close the gap, a full shift to electric vehicles will take many years and require massive investment.

Slow Start For U.S. Electric Vehicles, But Times Are Changing

In 2018, Volkswagen AG ( XSWX:VW , Financial) revealed its electric vehicle strategy to the world. The renowned German automaker pledged to invest $50 billion over just five years as part of an “electric offensive” that aimed to vault it into a leading position in the global EV industry.

Volkswagen's Electric Offensive Is Paying Off

Volkswagen's planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time.

VW expects battery, raw material drive to cost up to $34 billion

In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, the Volkswagen Group is the market leader. Here's how VW did it.

Why Volkswagen is beating Tesla in Europe

Volkswagen CEO Herbert Diess, currently under heavy fire from unions over strategy, struck an upbeat tone at a recent manager meeting on talks over the company's five-year investment plan, including the future of its Wolfsburg plant.

Volkswagen CEO, under fire over strategy, positive over recent talks

Tesla and Lucid demonstrate the growth potential of electric vehicle stocks.

3 EV Charts That Will Leave You Speechless

Volkswagen is convinced that its 2.9 billion euro ($3.3 billion) offer for France's Europcar, made as part of a consortium, fairly reflects the firm's value, a senior executive said, pouring cold water on hopes for a higher bid.

Volkswagen sees Europcar deal as attractive, quashes hopes for higher bid

Volkswagen's top committee did not make a decision on the future of Chief Executive Herbert Diess at a meeting on Tuesday, two sources with knowledge of the matter said on Wednesday, with one describing talks as "on a knife-edge."

VW CEO's future still uncertain, with talks 'on a knife edge'

Volkswagen Group (OTC: VWAGY) is offering customers of ID.3 in China a battery-rental program just a month after launching the compact electric car in the market, cnEVpost reported on Tuesday. What Happened: The report cited a buyer who bought an ID.3 without a battery at a much lower cost than the retail price.

Volkswagen Tries Out Nio-Like Battery Rental Program For ID.3 Buyers In China

Volkswagen's supervisory board executive committee will meet on Tuesday to discuss the future of CEO Herbert Diess, sources said, confirming a report in Germany's Frankfurter Allgemeine Zeitung (FAZ) earlier on Monday.

Volkswagen board executive committee to discuss CEO Diess' future on Tuesday - sources

Stellantis (STLA), Toyota (TM), and Volkswagen (VWAGY) issue major recalls over fuel pumps, airbags, and brake-related issues, respectively.

News for Volkswagen AG Stock (VWAGY)