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  expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter said in an internal newsletter.

Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit

Volkswagen AG's  Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for "preparation and training eyeing a gradual start further ahead," the company said in a statement on Sunday.

Volkswagen in Mexico will begin sending workers back to plant on Tuesday

Mexico's Puebla state, where German automaker Volkswagen  and its luxury brand unit Audi  have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the coronavirus.

Volkswagen, Audi on hold as Mexico's Puebla state not ready to reopen

Volkswagen has started to sell a home-charging device as the automaker prepares to bring its new ID family of electric vehicles to market. The ID.3 is the first electric vehicle under the ID label and will only be sold in Europe.

Volkswagen launches home EV charging system sales ahead of ID.3 vehicle deliveries

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Moody's expects auto sales in China to fall 10% year over year in 2020 but increase 2.5% in 2021.

Are Green Shoots of Recovery Emerging in China Auto Sales?

Fiat Chrysler

Bayerische Motoren Werke AG

LMC Automotive expects Europe auto sales to sink 26% to 10.58 million units in 2020. Last year's volumes are unlikely to be surpassed until 2023.

Europe's Sluggish Auto Market Faces Long Road to Recovery

The automaker's launch into mass market electric vehicles is delayed for the second time.

Report: Volkswagen Runs Into Software Issues in Race to Catch Tesla

Volkswagen  on Thursday apologised for posting on its Instagram page last month an advert widely criticised as "racist", and said it was published because of a lack of cultural sensitivity.

Volkswagen blames cultural insensitivity for ad criticised as 'racist'

Ford Motor Company

Ford (F) plans to design and manufacture a medium-sized pick-up truck that will be sold by Volkswagen within its commercial vehicles line-up, Amarok, beginning in 2022.

Ford Partners With Volkswagen for EVs, Recalls 2.5M Vehicles

Volkswagen's  management board on Thursday apologised for the company's publication of a racist advert and said the clip was published because of a lack of cultural sensitivity rather than because of racist intentions.

Volkswagen board apologises after publication of racist advert

Germany's car manufacturing industry supports tens of thousands of jobs and exports are vital to the country's economy, but it faces big challenges and some experts fear for its future.

Germany's carmakers face a 'toxic mix' of challenges as they emerge from coronavirus crisis

Volkswagen first ID.3 electric cars will lack key software features, denting a highly anticipated challenge to Tesla.
The post Volkswagen's First Real Bid To Unseat Tesla Will Be Incomplete At Launch appeared first on Investor's Business Daily.

Volkswagen's First Real Bid To Unseat Tesla Will Be Incomplete At Launch

The vehicles include a new Ranger-based pickup for VW.

Ford and Volkswagen Will Partner to Make 8 Million Commercial Vehicles

As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory governance is rearing up again.

Volkswagen Management Turmoil Won’t Help Coronavirus Recovery

Ford and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two automakers.

Ford-Volkswagen alliance to include shared production of 8 million commercial vehicles

Ford Motor Co  said on Wednesday it would expand its alliance with Volkswagen AG  to produce up to 8 million commercial vehicles.

Ford to expand alliance with Volkswagen to make about 8 million commercial vehicles

Ford Motor Co. F, -3.85% and Volkswagen AG VLKAF, -1.12% VOW, -0.76% announced Wednesday agreements for projects to make electric vehicles, commercial vehicles and for autonomous driving vehicles.

Ford, Volkswagen to team up on electric, commercial and autonomous vehicles

On Saturday, Volkswagen AG (OTC: VWAGY) announced it was considering further cost cuts in order to cope with the downturn.

Volkswagen Cuts Costs, Targets Electric Future

Volkswagen  Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.

Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks

In a statement on Monday, Volkswagen Group (ETR: VOW) said that its current Chief Executive Officer (CEO) of the VW car brand, Herbert Diess, will step down on 1st July. The company also named Ralf Brandstaetter as the new CEO to replace Diess.

Volkswagen names Ralf Brandstaetter as the new CEO of its core VW car brand

Volkswagen  on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group, the carmaker said.

Volkswagen replaces Herbert Diess as CEO of VW brand

Volkswagen's  supervisory board will discuss the leadership of the company's core VW brand at an extraordinary meeting due to be held on Monday, sources familiar with the discussions told Reuters.

Exclusive: Volkswagen supervisory board to discuss VW brand leadership - sources

Volkswagen  is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.

Volkswagen considering more cost cuts to cope with downturn

Both automakers this week announced significant job cuts to reduce costs and right size operations due to weakening demand for their vehicles.

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Volkswagen  on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May.

News for Volkswagen AG Stock (VWAGY)