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.

Porsche Automobil Holding SE

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Porsche SE is in a position financially to consider further investments to diversify its portfolio, the holding group's finance chief said alongside first-half results on Tuesday.

Porsche SE eyes further investments in "attractive" market environment

Volkswagen Group will significantly hold off on the release of several electric vehicle (EV) models, according to German newspaper Handelsblatt.

Volkswagen Said To Delay Production of EV Models

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An aluminum supplier flooding issue impacts the company. For this reason, Porsche AG reduced its year-end estimates. Here at the Lab, we are still positive thanks to customization, product MIX, and the company's net liquidity. Porsche AG has a young product portfolio, and Q2 earnings results showed a beat in operating profit. This supports our buy rating.

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Electric-vehicle maker Rivian reports second-quarter earnings Tuesday evening. Shares are up more than 40% since Volkswagen agreed in June to invest billions of dollars in Rivian.

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Volkswagen released its Q2 update, reporting a small beat in operating profit margin and lower CAPEX due to new collaborations. The company cut its 2024 outlook, prioritizing sustainable value creation over higher volumes, with upside potential in efficiency measures. Downside risks include Lamborghini's performance and VW's luxury car portfolio.

Volkswagen Q2: This Is A Bargain

Volkswagen AG (OTCPK:VWAGY) Q2 2024 Earnings Conference Call August 1, 2024 3:00 AM ET Company Participants Sebastian Rudolph - Vice President, Global Group Communications Rolf Woller - Head, Treasury & Investor Relations Oliver Blume - Chief Executive Officer Arno Antlitz - Chief Financial Officer & Chief Operating Officer Conference Call Participants Tim Rokossa - Deutsche Bank Mike Tyndall - HSBC Patrick Hummel - UBS José Asumendi - JPMorgan Horst Schneider - Bank of America Henning Cosman - Barclays Philippe Houchois - Jefferies Michael Punzet - DZ Bank Operator Ladies and gentlemen, welcome to the Volkswagen Investor Analyst and Media Call First Half 2024. I am George the Chorus Call operator.

Volkswagen AG (VWAGY) Q2 2024 Earnings Call Transcript

Volkswagen on Thursday reported a drop in its second-quarter profits as it recorded €1 billion ($1.1 billion) worth of restructuring costs and faced mounting competition from Chinese rivals.

Volkswagen's profits slump in face of mounting competition from China

Volkswagen on Thursday reported a 2.4% drop in its second quarter operating profit as Europe's top automaker continues to cut costs and revamp its model range.

Volkswagen's profit falls as restructuring, costs weigh on first half

The United States and Mexico announced a course of remediation at a Volkswagen plant in Mexico where the Mexican government had agreed to review alleged labor rights violations.

US, Mexico announce remediation at Volkswagen plant for worker rights protection

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Germany's Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday.

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The Taycan also earned best-in-class in its segment for the second year in a row. The Taycan also earned best-in-class in its segment for the second year in a row.

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Porsche said it was fighting to restore production volumes and to re-prioritise spending after supply chain snags, slow EV demand and a sales slump in China weighed on results in the first half.

Porsche bids to restore production, boost margins after weak first half

Porsche fell more than 5% Tuesday after luxury car maker slashed future sales and profit outlook, citing an unexpected aluminum alloy supply shortage.

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Automotive and auto-adjacent shares took a hit on Tuesday after copping a knock-on effect from a Porsche AG (ETR:P911) profit warning. Porsche warned that supply shortages of certain aluminium alloys due to production facility floodings will cause a multibillion-euro hit to full-year revenues and narrower profit margins.

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Volkswagen Group (XETRA:VOW)-owned luxury carmaker Porsche AG (ETR:P911) has issued a profit warning a day after announcing it is ditching its 2030 electric vehicle sales targets. Porsche is “currently affected by a significant supply shortage with regard to special aluminium alloys” following a flooding at a production facility, it said in a statement.

Porsche issues profit warning due to production facility flooding

Shares of sportscar maker Porsche slumped on Tuesday after a profit warning, which the group blamed on a supply shortage of specialist aluminum alloys.

News for Volkswagen AG Stock (VWAGY)