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 AG (VWAGY) on Q2 2020 Results - Earnings Call Transcript

Volkswagen on Thursday moved to quash rumours that Chief Executive Herbert Diess had been sidelined by issuing an unsolicited declaration of support, following clashes with the company's labour leaders who resisted plans for deeper cuts.

VW says CEO Diess enjoys full backing from supervisory board

Volkswagen lost approaching $1 billion in the coronavirus-stricken first half of a 2020, but expects to remain in the black for 2020. Just. Meanwhile, Renault joined Daimler in also announcing huge losses but Groupe PSA remained in the black.

VW Loses Almost $1 Billion In The First Half, But Expects To Remain In The Black For 2020

Volkswagen reported a second-quarter operating loss on Thursday as vehicle deliveries dropped by almost a third due to the COVID-19 pandemic, forcing the German carmaker to cut its dividend despite a gradual rebound in demand.

Volkswagen cuts dividend as profits evaporate in pandemic sales slump

Volkswagen has reported an operating loss of 800 million euros ($940 million) for the first half of 2020 and cuts its dividend as the coronavirus pandemic hammered car sales.

Volkswagen posts $940 million first-half loss and cuts dividend as pandemic hammers sales

Volkswagen unveiled a first-half operating loss on Thursday after suffering a 27% drop in vehicle deliveries due to the coronavirus pandemic, which forced the carmaker to slash its dividend.

Volkswagen cuts dividend as first-half profits plunge on pandemic sales drop

A German court on Tuesday said it had opened proceedings against current and former Volkswagen managers, including management board members, on suspicion of breaching their fiduciary duties by awarding excessive pay to labour leaders.

German court opens proceedings against VW over excessive labour pay

The U.S. Federal Trade Commission said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

U.S. consumers received $9.8 billion in Volkswagen diesel settlements

The U.S. Federal Trade Commission (FTC) said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

U.S. consumers received $9.8 billion in Volkswagen diesel settlements: FTC

UL laboratory in Germany listed for emission chamber testing according to PV 3942 KREFELD, Germany, July 27, 2020 /PRNewswire/ -- UL's materials testing laboratory in Krefeld, Germany, has been approved as an external laboratory for emission testing according to PV 3942 for Volkswagen.

Volkswagen Group officially grants UL extended approval as an external testing laboratory

After a 57% rise since the March 23 low of this year, at the current price of around $17 per share, we believe Volkswagen AG’s stock does not have much upside left. Volkswagen’s stock has increased from $11 to $17 off the recent bottom, better than the S&P which increased by around 45%.

Volkswagen Stock Expensive at $17?

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Volkswagen AG , Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday.

Volkswagen sees Amazon-built ‘industrial cloud’ as future B2B marketplace

Volkswagen and Ford said a U.S. legal row between South Korean battery makers could disrupt supplies of the key electric vehicle parts and cost U.S.

Volkswagen warns Korean battery row could lead to 'catastrophic' supply disruption

Volkswagen AG said on Friday it expects its China sales to fall a single-digit percent this year as new sport-utility vehicles and premium models help it recover from a sales slide in the world's biggest auto market.

Volkswagen expects single-digit sales decline in China this year

German automaker Volkswagen AG expects a slight growth in China's premium car segment this year despite a slide in broader market sales, a senior executive said.

Volkswagen sees mild growth in China's premium car segment this year

Daimler AG’s stock is down by around 44% since December 2016. On the other hand, peer  Volkswagen AG’s stock is up by 16% during the same period.

Daimler Or Volkswagen: Which European Auto Giant To Choose?

Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where premium brand Audi is based.

VW centralises group software development at Audi

Volkswagen's (VWAGY) MEB platform has been used by its Audi subsidiary -- Italdesign -- for the production of the Fisker Ocean SUV.

Volkswagen to Partner With Fisker, Enable Use of MEB Platform

Volkswagen has stopped hiring new staff at its core brand until year end, VW's brand's chief said on Wednesday.

VW brand freezes new hiring until end 2020

Volkswagen will shift leadership for software development to the company's premium Audi division in Ingolstadt, Bavaria, Herbert Diess, chief executive of the multi-brand group said on Tuesday.

VW to shift centre of software development to Audi

Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.

Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans: government document

Volkswagen is replacing its head of software development, newspaper Handelsblatt reported on Sunday, as the German carmaker wrestles with the transition to electric vehicles.

Volkswagen to replace head of software division: Handelsblatt

Volkswagen's labour chief Bernd Osterloh has been on a roadshow to tell analysts and investors the carmaker has no need for deeper cost cuts in Germany.

VW's labour chief sees no need for more cost cuts

Bernhard Maier, chairman of Czech carmaker Skoda Auto, part of the Volkswagen Group , will leave his post after nearly five years at the end of July, the company said on Thursday.

News for Volkswagen AG Stock (VWAGY)