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.

VW has the largest investment spend, among global automotive manufacturers, into EV and software. With plans to build 6 gigafactories by 2030 as well as a unified cell strategy for its EV platform, VW is pushing ahead with high growth in its EV segment.

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Volkswagen's stock at its current price of $30 has a potential upside of 30% as per Trefis' Volkswagen's valuation. The stock is about 10% lower post Q3 2021 results.

What Is Next For Volkswagen Stock?

Volkswagen expects to produce around 43% more vehicles at its main plant in Wolfsburg, its works council head told a German newspaper, a marked improvement from this year but still impacted by an ongoing shortage of semiconductors.

Volkswagen's production in Wolfsburg to rise 43% in 2022 - labour boss

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Volkswagen AG's Traton SE is continuing its makeover of recently acquired Navistar International, importing a MAN SE executive to lead commercial operations and dispatching a top Navistar executive to the German company's corresponding position. Interestingly, both Goran Nyberg, who begins at Navistar as executive vice president of commercial operations March 1, and Friedrich Baumann, who will join MAN as head of sales and customer solutions April 1, have expertise with Traton's trucking competitors.

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BERLIN (Reuters) -Volkswagen said allegations made against it by Acer were unfounded, after a magazine reported that the Taiwanese computer maker had sued the German carmaker for infringing on its mobile network patents.

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Volkswagen Group (OTC: VWAGY) CEO Herbert Diess on Monday praised China for its speed and technology and called for more cooperation and presence in the region. What Happened: Diess shared a LinkedIn post to say there is a need for more cooperation between Europe and China and not less.

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TomTom NV, the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen, integrating its mapping and navigation technology into Volkwagen's cars, including electric vehicles.

Dutch digital mapmaker TomTom says it will extend Volkswagen partnership

AMSTERDAM, The Netherlands and WOLFSBURG and INGOLSTADT, Germany, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Volkswagen's automotive software and technology company CARIAD and the geolocation technology specialist TomTom (TOM2) today announced that they are co-developing a best-in-class navigation product for the Volkswagen Group. The innovative product will combine TomTom's expertise in hybrid navigation and industry-leading traffic services, with CARIAD's competences in premium user experience and vehicle integration. This multi-year deal between TomTom and the Volkswagen Group covers all markets globally excluding China and is the continuation of a successful and long cooperation: TomTom has been a trusted traffic service partner for the Volkswagen Group for many years.

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Ford, Volkswagen See Massive Declines In November New Car Registrations In European Union

Volkswagen's Skoda Auto will extend its Christmas break until Jan. 10, unions at the largest Czech carmaker said on Thursday, as the automotive sector struggles with parts deliveries disruptions.

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Volkswagen sales are expected to reach just below 9 million vehicles this year as semiconductor bottlenecks weigh on production, Manager Magazin reported on Thursday, citing people familiar with the matter.

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Volkswagen's Spanish unit SEAT has added new output curbs at its main assembly car plant near Barcelona in December, closing its factory for five days, because of global semiconductor supply bottlenecks, the company said on Monday.

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Volkswagen said on Monday it was looking at locations for planned battery cell plants in Spain and eastern Europe and the exact sites for its third and fourth gigafactories would be determined in the first half of 2022.

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Herbert Diess retained his job as VW Group CEO after enraging the powerful union with talk about the need to shed tens of thousands of jobs. Investors will carry on insisting that VW's unwieldy management structure means it will face global competition with one hand tied behind its back.

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Volkswagen's software unit Cariad and automotive supplier Bosch are nearing an agreement to cooperate on automotive software, Handelsblatt reported, citing company sources.

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Germany's Volkswagen Group (OTC: VWAGY) on Thursday revealed a series of measures that include CEO Herbert Diess keeping his job, overhauling the board, naming a new China leader and the company raising its five-year spending plan for electric mobility to take on Tesla Inc (NASDAQ: TSLA). The Big Changes: The 63-year old Diess will continue as Volkswagen Group CEO but his responsibilities have seemingly been reduced.

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Volkswagen Group (XETRA:VOW) (VW) will increase its spending on electric vehicles (EVs) to US$100bn over the next five years in a bid to increase sales of the emissions-free cars from 5% of its total to 25%. The company will now spend more than half of its budget on EVs, with the money going towards electrifying its existing plants such as Hanover and Wolfsburg, where its flagship electric car, currently called Project Trinity, will be built from 2025 onwards.

Volkswagen to spend US$100bn on electric vehicles over next five years

More than half the money Volkswagen Group spends in the next five years will go towards electric vehicles and other high-technology efforts, the German automaker announced Thursday.

News for Volkswagen AG Stock (VWAGY)