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.

British automakers Bentley, Aston Martin and McLaren have announced nearly 3,000 job cuts over the past two weeks as the coronavirus pandemic hammers sales of luxury cars.

Job cuts: Bentley, Aston Martin and McLaren slash thousands of jobs

Volkswagen  has completed an internal report into  how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings will be released once its management board has reviewed the matter.

Volkswagen board to review internal probe into racist car ad

German car maker Volkswagen AG  said on Friday that it had added two members to the executive committee of its supervisory board.

Volkswagen AG expands executive committee of supervisory board

Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported on Thursday.

Luxury carmaker Bentley to cut about 1,000 jobs in UK: BBC

Volkswagen  is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday.

Volkswagen resumes deliveries of Golf 8 after software fix

Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen's  electric push while staggered taxes for polluting combustion-engined cars will penalise sports utility vehicles.

German auto stimulus to boost Volkswagen's electric push

Ford Motor Company

Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.

Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal

Volkswagen AG has closed on its $2.6 billion investment in Argo AI, the Pittsburgh-based autonomous vehicle startup announced in a blog post Tuesday.

Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Automaker Ford Motor Company (NYSE: F) and European rival Volkswagen have finalized a $2.6-billion joint investment in Argo AI to explore autonomous vehicle technologies in the U.S.

Ford Exec Says $2.6B Autonomous Development Deal With Volkswagen Makes Dearborn 'Relevant In Changing World'

Volkswagen  Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday citing company sources.

Volkswagen to install Porsche's CEO as VW brand chief: Auto Motor and Sport

German car manufacturer, Volkswagen AG (ETR: VOW) said on Tuesday that it closed its investment worth £2.07 billion in Argo AI. Founded in 2016 by Peter Rander and Bryan Salesky, Argo is a Pittsburgh-based startup that focuses on self-driving technology.

Volkswagen closes its investment worth £2.07 billion in Argo AI

Volkswagen Group finalized Tuesday its $2.6 billion investment into Argo AI, the Pittsburgh-based self-driving car startup that came out of stealth in 2017 with $1 billion in backing from Ford. The deal turns Argo into a global company with two customers — VW and Ford — as well as operations in the U.S.

Self-driving vehicle startup Argo AI completes $2.6B deal with Volkswagen, expands to Europe

The $2.6B investment deal that gives Volkswagen an equal stake in Argo AI along with Ford has closed as Argo expands into Europe

Ford-Volkswagen-Argo Investment Deal Closes, Argo AI Expands To Europe

The Mexican unit of Germany's Volkswagen AG said on Monday the automaker was ready to restart operations in the states of Puebla and Guanajuato on June 15 after activity was idled in late March due to the coronavirus pandemic.

Volkswagen says ready to restart Mexico operations on June 15

A U.S. appeals court ruled Monday Volkswagen AG may face "enormous" additional liability in the "Dieselgate" scandal finding that two counties can enforce regulations against the German automaker for tampering with post-sale vehicles.

U.S. appeals court: Volkswagen may face 'enormous' diesel liability

Volkswagen has struck a deal to invest $2.3 billion in two separate Chinese electric vehicle businesses.

Volkswagen Makes Grab For Chinese EV Market With These Deals

VW is ramping up to take a big share of China's EV market.

Volkswagen Invests $2.3 Billion in China EVs, Takes Stake in NIO's Manufacturing Partner

Volkswagen AG  plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.

Volkswagen pumps 2 billion euros into China electric vehicle bet

German automaker Volkswagen  will have full management control of its JAC-VW joint venture, the company's China CEO said on Friday.

Volkswagen says it will have full control of JAC-VW Chinese venture

Volkswagen AG (VW)  said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.

Volkswagen raises China electric vehicle bet by 2 billion euros, buys stakes in two separate firms

Anhui Jianghuai Automobile Group (JAC Motors)  said on Friday that German automaker Volkswagen AG  agreed to buy 50% of its parent company Anhui Jianghuai Automobile Group Holding.

Volkswagen agrees to buy 50% of EV partner JAC's parent company

Germany's biggest labor union criticized Volkswagen  on Thursday for a recent advert deemed racist and other "errors", saying management had damaged the carmaker's reputation and put jobs at risk.

German union accuses Volkswagen of 'management errors' that put jobs at risks

Volkswagen  said on Thursday its supervisory board had approved further projects in its alliance with Ford.

Volkswagen approves further projects in Ford alliance

Volkswagen (ETR: VOW) is in the final phase of negotiation to close its investment deals with electric vehicle (EV) companies in China. The investments dubbed its largest are aimed at expanding VW’s footprint in the world’s largest EV market.

Volkswagen to finalise its largest M&A investments in Chinese EV firms

Volkswagen AG  is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.

News for Volkswagen AG Stock (VWAGY)