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.

The automaker and the UAW said that they plan to start bargaining a first contract following the union's historic win.

Volkswagen Accepts Union's Landslide Victory At Tennessee Plant

Volkswagen AG (OTCPK:VWAGY) Q1 2024 Earnings Conference Call April 30, 2024 3:00 AM ET Company Participants Pietro Zollino - Head of Corporate Communications Rolf Woller - Head of Treasury and Investor Relations Arno Antlitz - CFO & COO Conference Call Participants Jose Asumendi - JPMorgan Tim Rokossa - Deutsche Bank Michael Punzet - DZ Bank Horst Schneider - Bank of America Henning Cosman - Barclays Daniel Schwarz - Stifel George Galliers - Goldman Christina Amann - Thomson Reuters Lazar Backovic - Handelsblatt Operator Ladies and gentlemen, welcome to the Volkswagen AG Investor, Analyst and Media Call Q1 2024. I am Shari, the Chorus Call operator.

Volkswagen AG (VWAGY) Q1 2024 Earnings Call Transcript

Stellantis N.V. 

Shares of three of Europe's biggest automakers were dropping on Tuesday after respective results that broadly showed a slow start to 2024, with sales slow for newer models and electric vehicles for some.

Europe's automakers off to a weak start for 2024, with EV sales a problem for some

German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.

Volkswagen profit drops 20% in first quarter on lower sales

Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.

Volkswagen Hit by Drop in Car Sales But Confirms Outlook

Europe's top automaker Volkswagen on Tuesday reported a 20% drop in first-quarter operating profit weighed by lower sales volumes and higher costs.

Volkswagen reports 20% profit drop on lower volumes, higher costs in Q1

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Volkswagen (VWAGY) Stock Undervalued Right Now?

Porsche Automobil Holding SE

Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.

Porsche AG posts Q1 profit drop on ramp-up costs

Continental accepted a fine of 100 million euros ($107 million) from a German prosecutor's office for its role in the Volkswagen emissions-cheating scandal of 2015.

Continental fined 100 million euros for role in VW emissions scandal

Volkswagen aims to keep its market share in China roughly stable until the end of the decade, the head of its China business said, betting heavy investment there will support sales despite a raging price war with local electric vehicle (EV) rivals.

Volkswagen aims to keep China market share stable as price war rages

United Auto Workers (UAW) President Shawn Fain is moving quickly in the union's sweeping organizing push at U.S. plants across more than a dozen automakers after clinching an historic victory at a Volkswagen plant in Tennessee.

UAW moving quickly after VW organizing win, union president says

Ferrari

Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker more freedom to cut costs and shape its future.

Volkswagen holds keys to Porsche's race against Ferrari

The historic vote could have wide-ranging impacts on other automakers, organized labor and the overall U.S. automotive industry.

What investors should know about the UAW's organizing drive of VW

Shawn Fain tells the Guardian he expects ‘more of the same to come' after celebrating union's historic victory at Tennessee plant

Volkswagen ‘the first domino to fall' after union vote, says UAW president

Organizers are raring for “the real fight” after their win in Chattanooga, signaling a more adversarial dynamic than the automaker has known back at home.

VW Works Closely With Unions in Germany, but UAW May Be Less Cuddly

Some experts say the outcome at a plant in Chattanooga, Tenn., may be organized labor's most significant advance in decades.

Could the Union Victory at VW Set Off a Wave?

The United Auto Workers has made history by winning its first unionization vote at an auto factory in the U.S. South. Now it needs to prove the success wasn't a fluke by pulling off a second victory at a Mercedes plant in Alabama next month.

After VW plant victory, UAW sets its sights on Mercedes in Alabama

Volkswagen workers in Tennessee voted decisively to become a union shop, according to election results released Friday, marking the first victory for organized labor at a foreign-owned auto plant in the American South.

In historic election, Volkswagen workers in Tennessee vote to unionize

The Volkswagen plant in Chattanooga is set to become the first unionized auto factory in the South not owned by one of Detroit's Big Three.

VW Workers in Tennessee Vote for Union

The victory at the Tennessee factory helped the union toward its goal of reversing declining membership by organizing foreign-owned factories.

VW Workers Vote to Join UAW in Historic Southern Win for Union

Volkswagen workers in Tennessee have voted in favor of the United Auto Workers — marking the union's first successful organizing drive of a foreign automaker.

VW workers in Tennessee vote to join UAW in historic win for Detroit union

The election victory at a plant in Chattanooga marks a new chapter for the United Auto Workers and organized labor in the South.

Tennessee Volkswagen Workers Join UAW In Historic Labor Win

Vote makes Chattanooga factory first auto plant in US south to unionize via election since the 1940s

UAW secures historic union election win at Tennessee Volkswagen plant

Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers, the union said on Friday, calling victory after an unofficial tally showed a majority of eligible workers had cast ballots in favor of the union.

UAW clinches watershed union victory at Volkswagen Tennessee factory

The United Auto Workers is counting on scoring a seismic victory at Volkswagen's Tennessee plant as unionization votes are tallied on Friday - one that opens up the anti-union U.S. South to organized labor.

News for Volkswagen AG Stock (VWAGY)