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  will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday.

VW to start using high-nickel batteries for electric car

CEO: Production will be halted for at least two weeks.

Volkswagen to Shut Down European Production as Coronavirus Worries Mount

The short summary: 2019 was good, 2020 will be hard.

Volkswagen Reports Strong 2019 Results as It Braces for Coronavirus Shutdowns

Volkswagen CEO Herbert Diess this week announced plans to suspend production at European factories, over COVID-19 fears. The news will impact a number of prominent makes under the umbrella of the world’s largest car maker by sales.

Volkswagen prepares to halt production at European plants, likely for a few weeks

Volkswagen is preparing to suspend production across Europe as the continent struggles to contain the coronavirus pandemic.

The world's biggest carmaker is shutting down in Europe

Volkswagen  said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows to continue until 2021, adding that these have already been provisioned for.

Volkswagen says diesel scandal has cost it 31.3 billion euros

Volkswagen Group , the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday.

Volkswagen suspends production as coronavirus hits sales

Volkswagen  said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday.

Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

Volkswagen has announced it is preparing to temporarily shut down most of its European plants in the wake of the coronavirus pandemic.

Volkswagen to suspend production in Europe, warns of 'very difficult' year

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Apart from the ID.3, Volkswagen (VWAGY) is also set to introduce the first electric SUV produced with a neutral carbon balance onto the roads with the ID.4 by the end of 2020.

Volkswagen to Step Up EV Competition With ID.3 Summer Launch

Volkswagen's Autoeuropa car assembly plant near Lisbon has reduced its daily output by 16% because of a shortage of workers after Portugal ordered all schools closed amid the coronavirus outbreak, the plant said on Monday in a statement. ´

Volkswagen's Portugal plant reduces output by 16% due to coronavirus

Volkswagen  is preparing to suspend operations at its manufacturing plant in Bratislava, the company said on Sunday, after Slovakia declared a state of emergency due to the coronavirus outbreak.

Volkswagen says preparing to suspend production at Bratislava plant

As political action and media coverage of the coronavirus crisis grows more worrisome, it may be some comfort to investors in auto manufacturers that the latest attempts to gauge the impact on car and SUV sales in Europe shows little change from a month ago’s consensus for an up to 5% fall in 2020.

European Auto Sales Forecasts Consistent Despite Virus Worries, But Expect More Intelligence From VW, BMW This Week

The main plant of Volkswagen AG's  Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday.

Volkswagen's Spanish unit SEAT to stop on Monday: spokesman

Good earnings from BMW helped the sector bounce back.

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The supercar maker's factory is in the hardest-hit part of Italy.

Lamborghini Shuts Down For 2 Weeks as Parent VW Fights Coronavirus

Volkswagen  will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday.

Volkswagen hopes new software will banish accidents by 2050

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February marks the 8th straight month of China EV sales decline and there seems to be no quick turnaround in sight.

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Volkswagen's  expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday.

Volkswagen plans to tap electric car batteries to compete with power firms

The global automobile market has seen a slowdown over the last couple of years. The 4 big players in the automobile sector (GM, Ford, Toyota, and Volkswagen) have seen fluctuating volumes in the North American Market over the years.

How Big Can Volkswagen Be In The North American Automobile Market By 2025?

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The massive broader market selloff due to oil price crash and coronavirus fears send a jolt across the auto industry, with various stocks hitting new 52-week lows yesterday.

Auto Giants Hit 52-Week Low on Global Rout: Pain to Prevail?

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Notably, passenger car sales in China tanked nearly 41% through the first two months of 2020, reflecting the largest sales decline in two decades.

Auto Sales in China Log the Biggest Monthly Decline Ever

The automobile market has seen a slowdown over the last couple of years. The 4 big players in the automobile market (GM, Ford, Toyota, and Volkswagen) have seen fluctuating volumes in the North American Market over the years.

News for Volkswagen AG Stock (VWAGY)