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.

Brazilian labor prosecutors charged Volkswagen's local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they said on Thursday.

Brazil charges Volkswagen unit with treating farm workers like slaves decades ago

The latest announcement from the IG Metall union comes days after tens of thousands of workers at Volkswagen sites across Germany participated in walkouts.

Volkswagen Faces More Warning Strikes Monday

Volkswagen workers will go on extended strikes on Monday, stepping up a bitter dispute with management over layoffs and what would be the first factory closures on German soil for Europe's largest carmaker, a union statement said on Thursday.

VW workers step up strikes to fight German plant closures

Porsche Automobil Holding SE

Atlanta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The Porsche 718 Boxster and 718 Cayman models have once again been selected as recipients of the prestigious Car and Driver 10Best award. This marks the 20th time in a row that the mid-engined sports car duo have received this honor, and the 26th time the Boxster took home the prize since its inception, making them two of the most recognized vehicles in over 40 years of the award's history. Joe Lorio, Deputy Editor for Reviews at Car and Driver, stated: “The 10Best-winning Boxster and Cayman are tactile, scintillating driver's cars that elevate even a mundane errand into something special.”

Porsche 718 Boxster, 718 Cayman and Macan earn Car and Driver 10Best awards

Volkswagen's CEO warned staff that urgent measures are needed to secure the company's future amid heightened competition, price pressure and high labor costs just as the European car market contracted.

Volkswagen Says Urgent Measures Needed to Save Company

Volkswagen is recalling 4,616 vehicles in the U.S. over concerns that the high-voltage battery may overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on Wednesday.

Volkswagen recalling 4,616 vehicles in US over battery overheating concerns

Volkswagen CEO Oliver Blume on Wednesday called union proposals for cost savings "a starting point" but said they were not sufficient enough to defend the carmaker's future.

Volkswagen CEO: union's proposals are 'starting point' but far from sufficient

Atlanta, Dec. 03, 2024 (GLOBE NEWSWIRE) -- “Porsche X Iron Dames – because every dream matters” is a slogan that represents the close collaboration between Porsche Motorsport and the renowned initiative to promote women in motorsport. The project kicks off with the start of the Asian Le Mans Series next weekend in Sepang, Malaysia.

Porsche Motorsport and Iron Dames launch far-reaching partnership

Employees staged warning strikes in protest against the German carmaker's plans for potential factory closures and sweeping cuts to jobs and pay.

Striking Volkswagen Workers Numbered 'Nearly 100,000' on Monday

Almost 100,000 workers joined walkouts at Volkswagen's German plants on Monday in protest at management plans to cut wages and even close sites at Europe's biggest carmaker, the IG Metall union said, threatening further industrial action.

Union says nearly 100,000 workers joined Volkswagen strikes across Germany

VWAGY faces labor strikes at plants across Germany after it declined to rule out workforce reductions and potential plant closures in its home market.

Volkswagen Faces Strike Over Labor Issues in German Plants

Thousands of workers at Volkswagen sites across Germany participated in warning strikes on Monday as a conflict with management escalated over the carmaker's plans to slash jobs, cut pay and close factories.

Volkswagen Workers Begin Striking as Labor Dispute Escalates

Volkswagen Group (ETR: VOW3) is in focus this morning after its workers announced a “warning strike” in Germany. On Monday, the automaker's employees at nine of its nationwide car and component facilities paused work citing potential factory shutdowns and changes to labour agreements.

Volkswagen may soon face the ‘harshest wage dispute ever'

Leduc will replace Ross Dupper who is retiring after leading the organization for nearly 25 years. Leduc will replace Ross Dupper who is retiring after leading the organization for nearly 25 years.

Nicolas Leduc is named President and CEO of Porsche Financial Services, Inc.

Volkswagen AG workers across Germany began striking Monday over the automaker's plans to cut costs.

Volkswagen Workers Strike in Germany Over Automaker's Cost-Cutting Plans

Workers at nine Volkswagen Group (XETRA:VOW) plants tagged a two-hour strike today in protest against mass job losses and factory closures said to be planned by the German carmaker. Employees congregated at Volkswagen headquarters in Wolfsburg with demonstrations also at Hanover, where 14,000 people work.

VW workers strike at nine plants over closure plans

Volkswagen plants across Germany saw workers go on strike for several hours at a time throughout Monday. Nine of Volkswagen's car and component factories in Germany were affected, with work either being halted temporarily for demonstrations or shifts being cut short by workers.

Strikes underway at Volkswagen plants across Germany as wage conflict escalates

Workers at nine Volkswagen car and component plants across Germany will strike for several hours on Monday, IG Metall union said, bringing assembly lines to a halt as labour and management clash over the future of the carmaker's German operations.

Nine Volkswagen plants to strike as labour battle escalates

Volkswagen workers will go on warning strikes on Monday at all plants, Germany's IG Metall union said, marking the first large-scale walkouts at Volkswagen's domestic operations since 2018.

Volkswagen workers go out on warning strikes across Germany

Volkswagen , under pressure by high costs and Chinese competition, brushed off union proposals for cost savings on Friday, just days ahead of planned walkouts meant to avoid unprecedented plant closures.

Volkswagen brushes off union's cost savings proposals

IG Metall said its members would down tools for a few hours a day after the auto giant and union leaders failed to agree on how to cut costs.

Volkswagen Workers to Begin Striking Monday, Union Says

India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.

Exclusive: Volkswagen India unit faces $1.4 billion tax evasion notice

Volkswagen workers across Germany are ready to strike from early December, the IG Metall union said in a pamphlet circulated on Friday.

VW workers Germany-wide ready to strike from early December, union says

Volkswagen has faced major criticism from activists and investors over its interest in the Xinjiang factory which it first opened in 2013

Volkswagen to sell controversial factory in China's Xinjiang

The Volkswagen Group and its Chinese joint venture partner sold their assembly plant in China's Xinjiang region to a Shanghai government-owned firm, the German automaker announced Wednesday, in a move that comes after the company faced years of criticism from rights groups and Western lawmakers over the alleged use of forced labor in the region.

News for Volkswagen AG Stock (VWAGY)