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.

Glencore PLC

Stellantis N.V. 

A US1 billion SPAC or special acquisition company deal involving car giants VW and Stellantis and miner Glencore has collapsed after an agreement could not be reached over a revision of the terms ACG, a SPAC set up by the trio to buy two nickel and copper mines in Brazil from Appian Capital, said in a statement that despite its best efforts revisions to the acquisition agreement have not been agreed and deal terminated. Glencore was to invest US$100mln into the SPAC, with Stellantis and mining investment fund La Mancha Resource Capital providing an equal amount.

Glencore, VW, Stellantis SPAC plan collapses after nickel slide

Volkswagen on Thursday said that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again.

Volkswagen restarts production after suffering major IT outage

An IT disruption paralysed the central infrastructure of the Volkswagen Group on Wednesday, a Volkswagen spokesperson confirmed to Reuters, as previously reported in Handelsblatt.

IT disruption paralyses Volkswagen's central infrastructure

Prosecutors have searched Volkswagen's Wolfsburg location and four private properties on allegations of excessive salaries for members of the works council, the Braunschweig prosecutor's office said on Wednesday.

Volkswagen location searched in connection with works council salaries

Volkswagen is currently negotiating a new production deal with workers at its all-electric plant in Zwickau, Germany, after terminating a long-standing three-shift agreement, the carmaker said on Wednesday.

Volkswagen: terminates three-shift production agreement at Zwickau plant

Volkswagen will suspend production of ID.3 and Cupra Born electric cars at its Zwickau and Dresden plants in Germany in the first two weeks of October due to weaker demand, a spokesperson for the carmaker said on Tuesday.

Volkswagen to temporarily pause production of two EV car models due to drop in demand -spokesperson

Tesla

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The current strike will likely reset the domestic bar on labor costs.

Tesla Is a Winner From the UAW Strike, But Not the Biggest. 2 Other Stocks to Watch.

The British arms of Volkswagen and Stellantis called for clarity on regulation after reports that Britain was planning to delay a 2030 ban on new petrol and diesel car sales.

Volkswagen, Stellantis join calls for clarity on UK's 2030 petrol car ban

Volkswagen's works council is demanding more information on a cost-cutting and efficiency drive being drawn up for the automaker's main passenger car brand, saying employees needed more transparency from management on its plans.

Volkswagen's works council demands clarity on VW brand turnaround plan

Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday.

VW eyes job cuts at Zwickau plant on low e-car demand -dpa

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York Water

Last week, yields on short-dated U.S. Treasuries quietly climbed to their highest point in almost 25 years. The effects of that rise, however, have been anything but silent.

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Bayerische Motoren Werke AG

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XPeng

Traditional automakers are looking to boost the software and driverless features of their cars in a bid to catch up to Tesla and appeal to Chinese consumers.

Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla

Volkswagen (VWAGY) unveils a few new concept EVs to challenge Tesla amid growing price competition.

Volkswagen (VWAGY) Plans to Launch 11 New Electric Cars by 2027

Volkswagen Group (XETRA:VOW) may have freshly unveiled its hot new EV this week, UBS has downgraded its rating due to several concerns, including losing its first-mover advantage in electric vehicles and skidding "towards marginalization" in China. The bank said VW is "highly vulnerable" to the rise of Chinese automakers, having formerly been the number-one manufacturer in the People's Republic and still expecting to generate almost €3 billion operating profit in the country this year, this is s about half of what it used to be for the German company.

Volkswagen downgraded by UBS after 'ceding first-mover advantage' to China and Tesla

Volkswagen CEO Oliver Blume said the German carmaker wants to maintain its position as the top international auto manufacturer and remain among the top three in the Chinese market as it transitions to electric vehicles.

Volkswagen CEO: We want to be among top three carmakers in China

Chinese automakers have their sights set on world domination. That's bad news for European automakers like Volkswagen, Mercedes-Benz, and BMW.

Chinese car companies are coming for Europe. VW and Mercedes should be nervous.

As the electric vehicle (EV) boom continues across the globe, European automakers are facing rising competition from Asia. Specifically, Chinese EV producers have made significant progress this year, ramping up production and expanding their reach into international markets.

EV Stocks Alert: UBS Just Issued a BIG Warning on These 2 Names

Volkswagen (VWAGY) advances talk with Mahindra as the Indian automaker plans to use its central MEB components.

Volkswagen (VWAGY) in Talks With Mahindra for MEB Platform

Volkswagen has offered temporary discounts in China, the world's top auto market, where a cut-throat pricing war is raging, board member Ralf Brandstaetter said, adding this was due to savings efforts that could be passed on to customers.

Volkswagen offered temporary discounts in embattled Chinese market

Volkswagen's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members said on Monday.

Volkswagen's family ownership not behind share price trough - Wolfgang Porsche

Ford Motor Company

In a recent article at Bloomberg, primarily covering the EV efforts of BMW and Mercedes, the efforts of VW popped up.

Ford Faces VW Challenge

The Volkswagen ID GTI is being tipped to head VW's new entry-level electric car line-up. The hot hatch, a favourite in the 1980s, is expected to incorporate traditional GTI design elements with a price tag expected to start at around £26,000.

VW GTI tipped to lead VW's entry-level EV line-up

Audi should see a small sales bump this year ahead of a much stronger year in 2024 for the Volkswagen unit as its long-awaited big electric vehicle push takes off, a top executive said on Monday at Munich's IAA mobility show.

Audi sees small 2023 sales lift ahead of big 2024 EV push- sales chief

Volkswagen is reducing work hours for employees at the German carmaker's main plant in Wolfsburg for three weeks in September due to a parts shortage caused by recent floods in Slovenia, a spokesperson for the company said on Monday.

Volkswagen cuts hours at main Wolfsburg plant over parts shortage

Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, the carmaker's top executive said at Munich's IAA mobility show.

News for Volkswagen AG Stock (VWAGY)