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 is looking at setting up a battery cell factory in Ontario, Canada, the Handelsblatt business daily reported on Tuesday, adding that the province had offered investments and other incentives to win over the carmaker.

Volkswagen considering battery cell factory in Ontario - Handelsblatt

Volkswagen's Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said.

VW's Skoda Auto cuts production due to chip shortage - trade unions

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Volkswagen Group is able to maintain its margins even during difficult times. Volkswagen's EVs are gaining popularity worldwide. EV deliveries for 2022 increased by 26% to 572,100 units.

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German car manufacturer Volkswagen will keep options open for its energy and charging arm including a potential IPO, the division's senior executive Elke Temme revealed. All of Volkswagen's unlisted brands have gone through an assessment of whether they should be spun out including battery maker PowerCo under the direction of chief executive Oliver Blume.

Volkswagen open to listing its charging and energy division

Volkswagen's energy and charging division is keeping all options open for the long-term structure of the business, including a possible listing, the division's chief Elke Temme said in an interview with Reuters.

Volkswagen keeping IPO option open for charging, energy business - division chief

Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said on Monday, calling the country's high-paced, competitive market a "giant fitness centre for the industry".

Volkswagen relishes competition in Chinese EV market

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German car company Volkswagen Group announced on Thursday promotions in its North American operations, CFO and COO Arno Antlitz posted on LinkedIn.

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The German auto maker said it was confident things would improve this year as supply-chain blockages ease and semiconductors become more easily available.

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The Volkswagen Group reported its lowest sales in over a decade in 2022 as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, and a fourth-quarter recovery risks running into further challenges this year.

Volkswagen Group deliveries lowest in over a decade

Premium brands BMW , Mercedes-Benz and Audi navigated last year's automotive supply chain challenges better than the mass-market Volkswagen brand, company data showed on Tuesday.

German premium car brands handled supply chain woes better than VW

Luxury car manufacturers Bentley and Rolls-Royce Motor Cars raced to record 2022s with customisations driving sales. Bentley delivered 15,174 vehicles last year, breaking the 15,000 barrier for the first time in its history.

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British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong demand offsetting a 9% drop in China caused by coronavirus-related lockdowns.

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Volkswagen's software division, CARIAD, has emerged from a review ordered by VW's new chief executive with a plan to work toward a unified software architecture for future vehicles one jump at a time, according to CARIAD chief Dirk Hilgenberg.

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The all-electric Volkswagen ID 7 sedan — the next EV in the German automaker's lineup — was unveiled Tuesday at CES 2023 in Las Vegas. And the most exciting part of the debut wasn't the vehicle's multi-layered explosion of yellow, orange, red and blue camouflaged electroluminescent paint that lights up on command.

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Volkswagen stock (OTCMKTS: VWAGY) has declined by close to 15% over the last month and remains down by 45% year-to-date, weighed down by a slew of factors including rising interest rates, the Russian invasion of Ukraine, and the semiconductor and the component crunch.

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SPOKANE, Wash.--( BUSINESS WIRE )--A King County Jury has found Volkswagen AG of Germany and its American subsidiary Volkswagen Group of America liable for exposing Thomas Sorrentino to carcinogenic asbestos through his work as an auto mechanic at United Volkswagen in Spokane, Wash., awarding the now-deceased plaintiff and his son, Johnathan, $5.75 million in damages. The jury awarded $5 million to the estate of Mr. Sorrentino, with $750k going to his son.

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Volkswagen will refocus on raising productivity after numerous challenging years and is targeting margin parity between electric and combustion engine cars in 2-3 years if raw material prices normalise, its finance chief said on Friday.

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Volkswagen will soon make a decision on the location of its planned battery plant in Eastern Europe and begin searching for a location in Canada, Chief Executive Oliver Blume said on Friday.

News for Volkswagen AG Stock (VWAGY)