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.

Guoxuan High-Tech Co Ltd  is in talks with Volkswagen AG  for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.

Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

Volkswagen AG  is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market.

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push - sources

Volkswagen's (VWAGY) Porsche brand registers record sales of 280,800 vehicles in 2019, marking an increase of 10% year over year.

Volkswagen's Porsche Rakes in Record Sales Amid Headwinds

Volkswagen  Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple.

Volkswagen CEO says carmaker faces same fate as Nokia without urgent reforms

Volskwagen Goes In-House

Volkswagen Goes In-House

Poland's consumer watchdog UOKiK said on Wednesday it was fining Volkswagen more than 120 million zlotys ($31.6 million) for misleading customers about the emissions of its vehicles.

Polish watchdog fines Volkswagen over 'dieselgate' scandal

Ford Motor Company

General Motors

Honda

Toyota Motor

Tesla

According to CAAM projections, China auto sales are likely to fall 2% in 2020, which would mark the third straight year of sales decline.

China Auto Market Slump Persists: Is a Revival in the Cards?

Deliveries of Volkswagen's  Skoda Auto dropped slightly in 2019 to 1.24 million vehicles, from 1.25 million in 2018, mainly due to weaker sales in China, the company said on Monday.

Volkswagen's Skoda Auto 2019 deliveries dip to 1.24 million cars due to weaker sales in China

Volkswagen Group  said on Thursday its vehicle deliveries last year were slightly above the previous year's level, revising up an earlier forecast which predicted 2019 sales would be level with the year before.

Volkswagen's 2019 vehicle deliveries slightly above 2018

German carmaker Volkswagen  said on Tuesday Luca de Meo has stepped down as chief executive of its Spanish Seat brand.

Volkswagen says Luca de Meo steps down as CEO of Seat

Luca de Meo, President of Volkwagen's  Spanish Seat brand, is stepping down from his current role, a source close to the matter told Reuters on Tuesday.

Head of VW's Seat car brand to step down: source

Fiat Chrysler

Nissan Motor Co Ltd

According to estimates by LMC Automotive and J.D. Power, U.S.

U.S. 2019 Auto Sales Hit 17-Million Mark But Decline Y/Y

Volkswagen  is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first claim for one of its subsidiaries.

Volkswagen seeks damages from Prevent in ongoing legal dispute

Volkswagen  on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW's diesel cars.

Volkswagen starts settlement talks with German consumer groups over diesel scandal

Amid dwindling vehicle sales and rising costs due to electric overhaul, car companies are slashing workforce at the fastest pace since the Great Recession of 2008.

Layoffs Grip Auto Sector Amid Challenging Operating Backdrop

Volkswagen's "The Last Mile" campaign says goodbye to the Beetle, which was discontinued in 2019.

Volkswagen says goodbye to the iconic Beetle after 7 decades with new commercial

These kind robots could turn any parking spot into a charging station for drivers.

Volkswagen wants robots to find your EV and charge it autonomously

Volkswagen (VWAGY) plans to invest Euro 33 billion in e-mobility throughout the group by 2024, which includes Euro 11 billion in the Volkswagen brand.

Volkswagen Increases Production Target for Electric Cars

Carmaker says it expects to reach 1m by end of 2023 and 1.5m by end of 2025

Volkswagen to hit 1m electric cars milestone two years early

Volkswagen increased another target for the production of electric cars as the Ford partner spends massively on electrification. 
The post The World's Biggest Carmaker Gets More Aggressive Again On Electric Cars appeared first on Investor's Business Daily.

The World's Biggest Carmaker Gets More Aggressive Again On Electric Cars

In September, Volkswagen introduced its new all-electric ID.3 sedan, along with a plan to have the car on the road by the summer of 2020.

VW Accelerates Electric Vehicle Outlook

Volkswagen  said on Friday that it would reach a key target in the production of electric autos earlier than previously anticipated.

Volkswagen ahead of schedule in electric cars production

Bayerische Motoren Werke AG

In this era of sustainable mobility, deal making among automakers has gathered steam, and one can hope for many more partnerships and M&A deals in the coming year.

Is the Auto Industry Set to Witness a Consolidation Spree?

German car-maker Volkswagen has been ordered this morning by the Federal Court of Australia to pay A$125 million (near $86.2 million) in fines for making false statements about its cars to Australian consumers.

News for Volkswagen AG Stock (VWAGY)