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 Group  on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first quarter.

Volkswagen withdraws outlook after first-quarter operating profit drops 81%

Volkswagen Group  on Thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused a fall in demand and group revenue to drop 8% in the first quarter of this year.

Volkswagen withdraws 2020 outlook after renvenue drop 8% in first quarter

The world's biggest carmaker will gradually reopen plants in Europe starting next week, with strict health and safety protocols in place, as some coronavirus lockdown measures are eased.

Volkswagen: The carmaker will begin reopening its European plants next week

Luxury carmaker Bentley is extending its plant shutdown by three weeks and will begin gradually reopening from May 11, as coronavirus lockdown measures remain in place in Britain.

Bentley extends UK production shutdown by three weeks over coronavirus

Volkswagen AG (OTC: VLKAF) said on Wednesday it would restart production at its European sites from next week.

Volkswagen Resumes Manufacturing In Europe After Coronavirus Shutdown

German carmakers including Volkswagen  and Mercedes-Benz  will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak.

German carmakers to resume production as lockdowns ease

Volkswagen  on Wednesday said factories producing cars for its core brand in Zwickau, Germany and Bratislava, Slovakia will resume production starting on April 20, with other locations ramping up plants starting from April 27 onwards.

Volkswagen to resume production in Germany starting April 20

Ford Motor Company

Fiat Chrysler

General Motors

Toyota Motor

Tesla

Major carmakers are incurring losses with production coming to a halt. However, they are putting up a fight not only against the deadly virus by producing ventilators but also for their own survival.

How Carmakers Are Dealing With Coronavirus Amid Shutdown

Germany's Volkswagen AG  said on Monday its U.S. dealers would provide cars for free delivery of essential supplies to people in need during the coronavirus crisis.

Volkswagen offers cars for relief efforts in U.S. virus-hit regions

Volkswagen AG  said on Monday it would give financial assistance to its U.S. dealers who wish to use their loaner fleet to pickup and deliver essential supplies in areas affected by the COVID-19 pandemic.

Volkswagen to aid U.S. dealers supporting coronavirus relief efforts

As the Coronavirus pandemic continues to wreak havoc on the global auto industry, disrupting production and slashing demand, Volkswagen AG (ETR:VOW3) announced on Thursday that it plans on placing 1500 employees at its Tennessee assembly plant on furlough. The U.S-based employees, the company added, will be furloughed on April 11th.

Volkswagen furloughs 100% of its workforce at the Tennessee assembly plant

Workers will still receive health care benefits and bonuses during the furlough period.

Volkswagen furloughs entire workforce in Chattanooga as coronavirus slams economy

Volkswagen AG  said it will furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.

Volkswagen furloughs workers at Tennessee auto plant starting April 11

Navistar

Total sales of commercial trucks in Mexico plunged 46.8% in March, according to Mexico's National Association of Manufacturers of Buses, Trucks and Tractor-trucks (ANPACT).

Truck Sales In Mexico Fall Sharply Due To Coronavirus Pandemic

Volkswagen Mexico issued a statement saying one of its employees in the country had died in a potential case of coronavirus.

Volkswagen Mexico says employee died in potential case of COVID-19

Bayerische Motoren Werke AG

Sales of sedans and SUVs dived more than 50% in coronavirus inflicted Western Europe in March, outpacing the U.S. fall of nearly 40%, and forecasters expect even worse numbers in April, although they still cling to expectations that all will be well after a “V” shaped recovery.

April Auto Sales Could Plummet 80% In Europe, 60% In U.S.

Gap Inc

LVMH Moet Hennessy Louis Vuitton

A large number of businesses like 3M Company are responding to President Trump's request and ramping up production of masks, ventilators and other protective gear.

Can 3M & Other Large Caps Fulfill Medical Gear Shortage?

German carmaker Volkswagen  hopes to partially reopen its plant in Spain's Navarra region on April 20 after its closure in mid-March due to the coronavirus outbreak, a spokesman for the plant said on Tuesday.

VW plans to partially reopen plant in Spain's Navarra on April 20

Honda

Nissan Motor Co Ltd

Owing to weak consumer confidence and substantial increase in unemployment, car sales are likely to further decline in the coming months.

U.S. Vehicle Sales in Q1 Take Nasty Hit: Is More Pain Ahead?

The German automaker partnered with Faurecia to build critical protective gear for those fighting the coronavirus outbreak.

Volkswagen partners with fabric supplier for more medical gear

Volkswagen's  Traton  commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a German magazine in an article published on Friday.

Traton sees some order cancellations, can't rule out job cuts: WiWo

European automakers have shut down their factories due to the COVID-19 outbreak. The virus has already caused a lot of damage to the European automotive industry, and the situation is only becoming more tenuous by the day.

Don't Worry European Automotive Industry – The Government And Banks Have Got Your Back

BMW, Daimler, and VW are worried about their supply chains.

Fearing for Suppliers, German Automakers Push Merkel to Reopen

EU consumers should be able to sue carmakers in their national courts if they have bought cars with emission cheat devices installed, an adviser to the Court of Justice of the European Union said on Thursday.

Automakers can face dieselgate suits where cars bought: EU court adviser

The bosses of Volkswagen , BMW  and Daimler  held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany's Handelsblatt newspaper reported on Thursday.

News for Volkswagen AG Stock (VWAGY)