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 plans to slash administrative staff costs at its namesake brand by a fifth, management told staff on Wednesday, adding this would happen via partial and early retirement as opposed to layoffs.

Volkswagen brand to slash administrative staff costs by a fifth

Volkswagen top 20-shareholder Deka Investment welcomed the positive outcome of an audit into Volkswagen jointly owned plant in Xinjiang, China, but demanded more clarity from the carmaker regarding its supply chain.

Deka Investment: more transparency in VW's value chain 'desirable'

Volkswagen's commissioned audit of its jointly owned site in Xinijang, China, found no signs of forced labour, the company said on Tuesday, though the auditor added the challenges of data collection in China were widely known.

Volkswagen: audit of Xinjiang site found no signs of forced labour

Furloughed workers at Volkswagen's former plant in Russia are being offered redundancy, according to the union representing them, as the new owners struggle to find a partner to resume output six months after VW finalised its exit from the country.

Six months after Volkswagen exit, idle Russian car plant offers workers redundancy

Volkswagen (VWAGY) to reduce headcount as increasing costs and low productivity are making its cars uncompetitive.

Volkswagen (VWAGY) to Slash Headcount in Cost-Saving Efforts

Volkswagen AG Unsponsored ADR (VWAGY) concluded the recent trading session at $12.89, signifying a -0.46% move from its prior day's close.

Why Volkswagen AG Unsponsored ADR (VWAGY) Dipped More Than Broader Market Today

Volkswagen (OTCMKTS: VWAGY ) is reportedly planning a round of layoffs. The company says that its namesake brand is “no longer competitive” due to its “pre-existing structures, processes and high costs.

Volkswagen Layoffs 2023: What to Know About the Latest Volkswagen Job Cuts

To consolidate its position in China, Volkswagen (VWAGY) plans to develop an all-new platform for entry-level EVs.

Volkswagen (VWAGY) to Develop China-Specific EV Platform

Representatives of Volkswagen's management announced staff reductions to IG Metall union representatives in Wolfsburg on Monday, according to a report by Spiegel magazine.

Volkswagen signals staff reductions at union meeting - Spiegel

A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was "very worried" about the future of the company's operations in South Africa, which is fighting persistent power cuts and logistics snarls.

VW struggling with S.Africa costs as group targets savings - executive

Lamborghini 9M results exceeded 2022 full-year numbers. Volkswagen confirmed its market share gain in the first ten months in the European Union. Downside protection from luxury brands, including P911 development.

Volkswagen: Lamborghini Upside And EU Volume Recovery

Volkswagen said on Friday it will develop a new platform for entry-level electric vehicles in China and use more local components to lower costs, as the German company seeks to regain lost ground in the world's biggest auto market.

Volkswagen to launch China-specific entry level electric platform

Volkswagen said on Wednesday that it would hike salaries for production workers at its Tennessee-based Chattanooga assembly plant by 11%, weeks after the United Auto Workers union won significant pay and benefit hikes from the Detroit Three automakers.

Volkswagen becomes the latest automaker to hike wages for U.S. factory workers

Volkswagen has begun operating its first wholly owned battery pack production plant in China in eastern Anhui province's capital Hefei city, the local Hefei government said on Tuesday.

Volkswagen begins operating first wholly owned battery pack plant in China - local govt

In the most recent trading session, Volkswagen AG Unsponsored ADR (VWAGY) closed at $13.14, indicating a +0.12% shift from the previous trading day.

Volkswagen AG Unsponsored ADR (VWAGY) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Volkswagen's Skoda unit expects some delays in the production of its Enyaq electric models during November and December due to supply bottlenecks, German business daily Handelsblatt reported on Friday.

Supply problems set to hit Volkswagen's Skoda unit - Handelsblatt

Volkswagen on Friday said group deliveries rose by 10.7% in October and were at 765,500 vehicles thanks to strong demand in North America and Europe.

Volkswagen October deliveries up 10.7% boosted by North America and Europe

Volkswagen is on track for its smallest year of China sales since 2012, according to CNBC analysis of public data for the first three quarters of the year.

China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years

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The Vatican on Wednesday signed an agreement with German carmaker Volkswagen to replace the city-state's entire car fleet with electric vehicles by 2030.

Vatican in deal with Volkswagen for all-electric car fleet by 2030

Volkswagen has not made a decision on producing a 20,000-euro ($21,714.00) electric car yet, but Chief Executive Oliver Blume is convinced that the company can get there by the second half of the decade, he said at a conference on Wednesday.

Volkswagen CEO: 20,000-euro EV could come in second half of decade

The latest trading day saw Volkswagen AG Unsponsored ADR (VWAGY) settling at $12.40, representing a +1.14% change from its previous close.

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Volkswagen aims to bring an under-$35,000 electric vehicle to the U.S. market in 3-4 years, a senior VW executive said on Thursday.

Volkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive

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In the closing of the recent trading day, Volkswagen AG Unsponsored ADR (VWAGY) stood at $12.48, denoting a -0.48% change from the preceding trading day.

News for Volkswagen AG Stock (VWAGY)