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.

It's a sensible reconfiguration for the big European carmaker.

Volkswagen Abandons Motorsports; Unit to Concentrate on EVs Instead

Volkswagen has long been vocal about the work it must undertake to catch Tesla's lead on electric vehicles, and now the effort has a name: Mission T. That effort began in April, CEO Herbert Diess said in a blog post, and brought together 31 senior executives from three of the storied German automaker's brands. Together, they began to outline many of Volkswagen's announcements this year as it doubles down on a shared electric powertrain for many of its brands and a singular software to run them all.

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Alexander Hitzinger, a 49-year-old engineer who defected to Apple after helping to develop Porsche's winning 919 racecar, has been lured back to Volkswagen Group for perhaps his biggest challenge yet - building an electric car to take on Tesla.

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Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension.

Volkswagen faces leadership crisis as CEO demands vote of confidence

Volkswagen Group's executive committee has convened a meeting Tuesday to discuss the future of CEO Herbert Diess, according to a report from Reuters. Diess has allegedly sought an extension to his contract after feeling undermined by internal pressures in his bid to modernize the company.

Volkswagen Internal Politics Erupt Again As Diess Future Is Questioned

Volkswagen (VWAGY) envisions building a purely-battery enabled car in Europe that will be cheaper than ID.3, available at a price of 20,000-25,000 euros.

Volkswagen's (VWAGY) ID.3 Triumphs European EV Sales in October

Volkswagen AG (OTC: VWAGY) is eyeing an early 2023 launch of its compact and budget electric car, priced below €30,000 ($35,800) under the VW brand, Bloomberg reported Friday. The additional push in EV models could be funded by phasing out ICE (internal combustion engines) models.

Volkswagen Accelerates EV Launches Till 2023 By Cannibalizing Gas Powered Models: Bloomberg

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Volkswagen Group's executive committee is convening on Tuesday to discuss Chief Executive Herbert Diess's demand for a contract extension, three sources familiar with the matter told Reuters on Monday.

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Volkswagen's Chief Executive Herbert Diess has asked the company's owning families to back a contract extension in a bid to break a management deadlock at the world's largest carmaker, two people familiar with the matter told Reuters.

VW CEO pushes for contract extension in vote of confidence move - sources

Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era.

Volkswagen plans small electric car for the masses

Volkswagen's ID.3 hatch blew by both Tesla and Renault to become the best selling electric car (EV) in Europe in October.

Volkswagen's ID.3 Leapfrogs Tesla, Renault In October European EV Sales Charts

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LMC Automotive forecasts sales in Europe to decline 22% year over year to 16.2 million vehicles in 2020.

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The first Volkswagen ID.4's won't arrive in the United States until 2021, Automotive News reported Friday, as the automaker grapples with a European emissions fine and the COVID-19 pandemic. The SUV, a fully electric answer to Tesla's Model Y, was originally supposed to launch in California and other states that have incentivized zero-emissions vehicles this year, before a full rollout in 2021. By 2022, VW says it will have full-scale production underway at its Chattanooga, Tennessee plant.

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Volkswagen Group executives confirmed that they are considering spinning off the automaker's premium Italian brands, including the supercar maker Lamborghini.

Volkswagen says it might spin off Lamborghini and Ducati

Bugatti President Stephan Winkelmann will also become head of luxury brand Automobili Lamborghini, taking on a double role from December, parent group Audi said on Wednesday.

Luxury brands Bugatti and Lamborghini to be headed by one chief from December

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The Financial Times reports that the United Kingdom will move up the timeline to 2030 for a ban on gas- and diesel-powered cars. This news could impact electric vehicle and internal combustion engine (ICE) auto manufacturers in a major way.

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Volkswagen on Wednesday said the German government's 3 billion euro ($3.57 billion) scheme to support low-emission cars sent a strong signal Berlin would help lift the country's key export industry out of the coronavirus and climate crises.

Volkswagen welcomes German government's scheme to support low-emission cars

Volkswagen boss Herbert Diess has been perhaps the most outspoken automotive executive when it comes to the industry's elephant in the room. For years, the German has expressed a mixture of admiration and competitive attitude for Tesla. But as Elon Musk's automaker closes in on opening a factory in VW's backyard in Berlin, his tone seems to be shifting.

Volkswagen's CEO says its latest round of investment in electric self-driving cars will let it finally 'beat Tesla'

Elon Musk loves to speak in terms of magnitudes and perhaps his recent fling with Covid-19 has taken his attention off one very real commercial truth.

Volkswagen Has Sold 359x As Many Id.3s As Tesla Has Sold Model 3s In The Netherlands In November And 112x As Many In Norway

Volkswagen AG (OTC: VWAGY) CEO Herbert Diess said that the German automaker is making a move to shift away from gasoline guzzling vehicles to build more electric vehicles in order to better compete with Tesla Inc (NASDAQ: TSLA), Reuters reported Monday. What Happened: The company's factories in Emden and Hanover in Germany will be refurbished to make EVs as a part of its $86 billion (EUR 73 billion) investment plan centered on the development of zero-emission and self-driving vehicles, according to Reuters.

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Volkswagen is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it said on Monday, as the German automaker seeks to streamline its operations and focus on mass-producting electric cars.

Volkswagen looking at carving out Lamborghini and Ducati

Volkswagen plans to invest 1 billion euros ($1.18 billion) in its Slovak plant, including 500 million euros to produce next-generation Passat and Skoda Superb models, VW Slovakia Chairman Oliver Gruenberg said on Monday.

News for Volkswagen AG Stock (VWAGY)