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 AG  took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.

Volkswagen takes one-two punch in Australia with fine, regulatory proceedings

The head of Australia's competition regulator on Friday said a record fine of A$125 million ($86 million) imposed on Volkswagen AG  was just a taste of what companies could expect in the future.

Australia watchdog warns large fines the norm after Volkswagen case

Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG  for allegedly not making appropriate checks before giving out 49,380 loans to consumers.

Australian watchdog sues Volkswagen unit for lapses in loan due diligence

Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in court against a unit of Volkswagen AG  for allegedly not making appropriate checks while providing consumer loans.

Australian watchdog sues Volkswagen unit for lapses while providing loans

In May 2019, Volkswagen (FRA:VOW) announced that it was looking for potential buyers for its ship engine and power generator business, MAN energy solutions.

Volkswagen to Sell MAN Energy Solutions and Focus on Electric

Volkswagen  has attracted bids from Europe's Innio, Japan's Mitsubishi Heavy  and U.S.-based Cummins  for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said.

Volkswagen attracts bids for MAN Energy Solutions unit: sources

Volkswagen's  namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports utility vehicles (SUV's), a senior manager of the unit said.

Volkswagen brand to post record profit on SUVs, cost cuts: executive

Volkswagen Group and Qatar have agreed to develop a public transit system of autonomous shuttles and buses by 2022 for the capital city of Doha.

Volkswagen to bring self-driving electric shuttles to Qatar by 2022

Aeva's third-generation chip draws on silicon photonics, a technology that's previously been adopted in data center equipment, to power self-driving cars and advanced driver-assistance systems.

Ex-Apple engineers cook up cheaper, more powerful tech for self-driving cars, and Volkswagen is interested

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Alliances and partnerships involving development and deployment of autonomous vehicles continue to mushroom.

Factbox: Self-driving partnerships proliferate

German automaker Volkswagen AG  on Monday was charged with importing nearly 128,000 vehicles into Canada contravening the country's environmental legislation, a Canadian government agency said on Monday.

Volkswagen charged with violating vehicle emission standards in Canada

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Volkswagen's  German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023.

VW's German plants need to shape up, says production chief

German public prosecutors raided the Wolfsburg headquarters of Volkswagen  on Tuesday in the latest investigation into the carmaker's diesel emissions scandal.

Volkswagen headquarters raided again over diesel scandal

Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen  as part of the investigation into the car maker's diesel scandal.

Volkswagen headquarters raided again in connection with diesel scandal

VW’s group CIO, Martin Hoffman, is part of a team leading an ambitious plan to infuse the auto giant’s plants with cloud-powered intelligence against a backdrop of mass layoffs in the German car industry.

Volkswagen Is Accelerating One Of The World’s Biggest Smart-Factory Projects

Tens of thousands of British drivers on Monday accused Volkswagen of fitting devices to cheat clean air laws at the start of the country's biggest class action lawsuit brought to tackle "dieselgate".

British VW drivers launch 'dieselgate' case in High Court

The VW E-Golf has sold over 100,000 units worldwide since it was introduced in 2014.

VW Delivers 100,000th E-Golf Before Shift To ID.3

One automaker delivered the gift of green infrastructure this holiday season.

Volkswagen Drives Bigger To Protect Forestlands With The Conservation Fund

The best hatchback in the world heard the footsteps behind it and set about getting a whole lot better, launching the bar high into the air rather than simply raising it.

More Foes Than Ever Before, But Volkswagen’s Hatchback King Of The World Is Fighting Back

Volkswagen's  luxury car unit Audi  has agreed to give employment guarantees until 2029 in its home-market Germany, two people close to the matter said.

Audi gives job guarantees in Germany until 2029: sources

Talks with labor representatives on cutting costs at Volkswagen's  luxury car unit Audi  are making progress, an Audi spokesman said on Tuesday.

VW's Audi making progress in talks on cost cuts: spokesman

Volkswagen (VWAGY) to invest more than 4 billion euros in China in 2020, 40% of which will be spent on the development of e-mobility.

Volkswagen to Go Net-Carbon Neutral Via E-Mobility Success

Around 40% of the investment is to focus on e-mobility.

VW and Chinese partners announce $4.4 billion spending plan for 2020

Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the world's biggest passenger car market to stabilize next year with low growth levels likely for three to four years.

News for Volkswagen AG Stock (VWAGY)