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.

Today, Volkswagen announced it has started delivering the first units of the ID.4 to dealers in the U. S.

VW Starts Delivering First ID.4 Electric Vehicles In U.S.

U.S. retail investors are buying the American depositary receipts of German automaker Volkswagen AG, some market participants said, accelerating a rally spurred by well-received VW announcements on its efforts to overtake Tesla Inc in the electric vehicles market.

Retail investors accelerate Volkswagen's U.S. share spike

Volkswagen AG ADR (VWAGY) CEO Herbert Diess on Q4 2020 Results - Earnings Call Transcript

Volkswagen is making an aggressive push into electric vehicles ahead of tighter EU carbon emission rules, and hopes to beat Tesla.

Here's How Volkswagen Can Beat Tesla (It's Not With Software Or Batteries)

Volkswagen stock soared after the company revealed new, more ambitious electrification goals.

Volkswagen Stock Is Soaring Because It's an EV Company Now

Volkswagen AG (OTC:VWAGY) outlined its battery and charging technology plans through 2030 at a "Power Day" event Monday.  What Happened: During the virtual event, Volkswagen laid out a roadmap to create electric vehicles that are affordable and efficient by reducing the complexity of EV batteries.

Volkswagen Throws Race With Tesla Into High Gear At EV Battery Event

The overall Nasdaq was higher, but some stocks were under pressure.

FuelCell Energy Drags Nasdaq Hydrogen Stocks Lower; Can VW Beat Tesla?

Why Volkswagen's Plan to Beat Tesla Could Crush Other Electric-Car Stocks

Shares of Volkswagen surged 17% on Tuesday after the German car maker revealed plans aimed at dethroning Tesla as the world's biggest manufacturer of electric cars by boosting key production capacities.  During its "Power Day" on Monday, the company presented its strategy to expand battery production in Europe, as well as massive plans to make investments in charging infrastructure. During the live stream in front of investors, executives said Volkswagen intends to build six battery production plants in Europe by 2030.

Volkswagen surges 17% after revealing plans to build battery factories to compete with Tesla

Volkswagen plans to more than double electric vehicle sales in 2021, after more than tripling them last year as it aims to overtake Tesla. The post Volkswagen Stock Jumps On Bold Electric Vehicle Sales Target appeared first on Investor's Business Daily.

Volkswagen Stock Jumps On Bold Electric Vehicle Sales Target

Volkswagen has presented their "Power Day" and path to volume EV batteries. There are tantalizing clues that point to Nano One. VW and Nano One have been partners for lithium battery cathode process development since 2019.

Nano One: VW Power Day Update

Volkswagen Group (XETRA:VOW) is seeking to meet increasing demand for battery cells as the world's second-largest carmaker outlined plans to push ahead with the development of production capacities in Europe. The carmaker, which owns the Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Ducati and Scania motor brands, said it plans to significantly reduce the complexity and cost of the battery to make the electric car attractive and viable for as many people as possible.

Volkswagen plans to reduce battery costs and make electric cars more affordable

It has been as though Tesla and Volkswagen role-played each other on the market so far today, with the usually staid and steady shares of the German automaker booming to 13-year highs.

Plodding Volkswagen Shares Boom 21% After EV Power Day, 12% Margin

Volkswagen, the world's No.2 carmaker, is worth 200 billion euros ($238 billion), Chief Executive Herbert Diess, confirming a previously stated target on the back of a 38% share price increase so far in 2021.

Volkswagen is worth 200 billion euros, CEO Diess says

Volkswagen sponsored a Power Day on Monday and declared that the battle between internal combustion engines and batteries is over, and batteries won.

Does VW Make Apple Car Plans Harder?

Volkswagen (VWAGY) unveils its roadmap to longer range EVs, cheaper batteries, and better charging during its Power Day presentation.

Key Takeaways From Volkswagen's (VWAGY) Power Day Event

Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.

Analysis: Volkswagen could soon steal Tesla's crown

Tesla

Volkswagen wants to be the leader in electric vehicles around the world, and has the means to do it. But that isn't necessarily a death knell for Tesla.

Volkswagen Is Coming After Tesla. What It Means for Both Stocks.

Volkswagen shareholders were almost Tesla-like as they rushed to embrace its ambitious plans and drove the stock price almost 16% higher Tuesday after news VW would to ramp up battery production and commit to the electric revolution.

VW Shares Take On Tesla-Like Quality As Investors Embrace Ambitious Electric Plans

On Monday, VW announced plans to establish six "gigafactories" in Europe by the end of the decade.

Volkswagen CEO says he wants to 'get close and then overtake' Tesla

Volkswagen boss Herbert Diess said he sees no need for action when asked about a potential listing of the group's Porsche luxury division, adding the unit's cash flow was key to Volkswagen's turnaround.

Volkswagen CEO: no need for action on potential Porsche IPO

Volkswagen was unable to build 100,000 cars due to an ongoing chip shortage that has hit the automotive sector this year, Chief Executive Herbert Diess said, adding the group would not be able to make up for the shortfall in 2021.

Volkswagen CEO: 100,000 cars lost due to chip shortage

Volkswagen has unveiled a massive expansion of battery production as it seeks to gain an edge in the electric car race.

Volkswagen is going huge in batteries to slash the price of electric cars

Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world's second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion.

Volkswagen targets profit recovery as speeds transformation

Volkswagen will bring EV batteries in-house and set a timeline for switching to solid-state batteries, sharpening its challenge to Tesla. The post Volkswagen Lays Out Ambitious EV Battery Plans After Partner's Big Breakthrough appeared first on Investor's Business Daily.

News for Volkswagen AG Stock (VWAGY)