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 Chief Executive Herbert Diess on Friday received a contract extension under which he will lead Europe's carmaker until October 2025, the group said, a victory made possible by the recent departure of works council head Bernd Osterloh.

Volkswagen boss Diess gets contract extension

Volkswagen on Friday said first-half operating profit came in at around 11 billion euros ($13 billion), as demand recovered strongly from a drop caused by the impact of the coronavirus pandemic.

Volkswagen posts first-half operating profit of $13 billion

Bayerische Motoren Werke AG

As environmental issues really came of age in the 1990s, certain German automakers were meeting in secret groups to make sure their cars would continue to industriously contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz parent company Daimler have been illegally colluding to restrict competition in emission […]

EU fines BMW, VW $1B for running emissions cartel since the 90s

European auto giants Volkswagen AG ( XTER:VOW3 , Financial) and Bayerische Motoren Werke AG ( XTER:BMW , Financial) have been slapped with 877.18 million euros in fines ($1.03 billion) after breaching the European Union's antitrust rules. A total of five companies were found to have colluded on the development of nitrogen oxide cleaning systems that are outfitted on diesel vehicles.

Volkswagen and BMW Fined $1 Billion for Emissions Collusion

The EU handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.

EU fines Volkswagen, BMW $1 billion for emissions cartel

Volkswagen's supervisory board will discuss on Friday whether to extend the contract of Chief Executive Herbert Diess, two people familiar with the matter told Reuters.

Exclusive: Volkswagen to discuss CEO contract extension on Friday -sources

The European Union has imposed approximately $1 billion in fines on Bayerische Motoren Werke AG (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY) for a collusion scheme designed to limit the slow the introduction of AdBlue emissions-cleaning technology. What Happened: BMW will pay approximately $422.3 million and Volkswagen will pay about $595.3 million in their respective settlements.

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology

Porsche Automobil Holding SE

The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.

EU fines German car makers $1B over emission collusion

The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that could have reduced harmful emissions from their vehicles.

Volkswagen and BMW fined $1 billion for running emissions cartel

Volvo AB

The latest venture between Daimler (DDAIF), Volkswagen's (VWAGY) Traton and Volvo marks the coming together of three leading European truck makers to achieve their climate-neutral goals.

Daimler (DDAIF), Volkswagen (VWAGY) & Volvo Unite for EV Chargers

Commission imposes €875m fine for breaching antitrust rules by delaying cleaner emissions technology

EU fines VW and BMW £750m for colluding with Daimler on fumes

The car makers illegally colluded to restrict competition in emission cleaning technology for diesel cars, according to the European Union.

BMW, VW, Audi and Porsche fined $1 billion in landmark case colluding over emissions

Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund consumers participating in a class action lawsuit over the carmaker's rigging of diesel emissions tests.

Volkswagen to appeal Italian court decision on class action over Dieselgate

Volkswagen said on Thursday it was considering whether to take legal action against an EU antitrust fine, saying the penalty over technical talks about emissions technology with other carmakers set a questionable precedent.

Volkswagen weighs appeal against EU fine over emissions tech collusion

The European Commission said on Thursday three German carmakers breached EU antitrust rules by restricting competition in emission cleaning for new passenger diesel cars, and it fined BMW and Volkswagen Group 875 million euros between them.

EU fines BMW, Volkswagen Group for restricting competition in emission cleaning

The Electrify America division, born from the Dieselgate scandal, operates a few hundred charging stations across the US.

Volkswagen may sell stake in Electrify America as it shops division around, report says

Volkswagen's ambitious electric car sales plans have stalled for the moment and investors are getting nervous, although some analysts think worries have been overdone and sales will recover enough in the 2nd half to meet targets.

Volkswagen Electric Car Sales Lag, But Should Rally In 2021's 2nd Half

Volkswagen is to sell a stake in its electric vehicle charging unit Electrify America, two people familiar with the matter said, as the carmaker looks for outside funds to build infrastructure for battery-powered cars.

Volkswagen to sell stake in charging unit Electrify America -sources

Volkswagen's luxury-sports-car division Porsche has agreed to form a joint venture with high-tech electric-vehicle company Rimac that will include its high-end Bugatti marque.

Volkswagen Has Parked Bugatti Into an EV Joint Venture. Why the Stock Should Move.

Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW's Porsche owning the remaining 45%, according to reports by the Financial Times.

VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac

Volkswagen's luxury sportscar unit Porsche AG on Monday said it agreed to form a joint venture (JV) with Croatia's Rimac Automobili that will include VW's Bugatti brand, confirming plans mapped out earlier this year.

Porsche AG, Croatia's Rimac set up JV involving VW's Bugatti brand

Volkswagen Group and Porsche have agreed to create a new joint venture that combines Rimac, a Croatian company that makes electric supercars, with Bugatti.

Bugatti and Croatian electric supercar maker Rimac to combine in joint venture

Rimac will have a 55% stake in the Bigatti-Rimac joint venture, while Porsche will hold a 45% stake in the company.

Porsche to create hypercar company with Bugatti and Croatian electric vehicle maker Rimac

Navistar

Volkswagen's (VWAGY) trucks arm TRATON's merger with Navistar enables the former to secure a strong foothold in the U.S. heavy-truck market and positions it better than European peers.

Volkswagen's (VWAGY) TRATON Completes Merger With Navistar

Ferrari stock has surged, but Porsche represents an investment in the world's largest auto maker, Volkswagen, which is spending aggressively on technology in electric vehicles.

News for Volkswagen AG Stock (VWAGY)