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 has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker's works council that deteriorated further in recent weeks.

Volkswagen CEO tells staff there are no plans to cut 30,000 jobs

Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in a German court, the NGO said on Tuesday, accusing the automaker of failing to do its part to combat climate change.

Greenpeace Germany sues Volkswagen over carbon emissions targets

Porsche SE said on Tuesday its nine-month net income bounced to the lower end of the German automotive group's full-year guidance thanks to profits from Volkswagen, which recovered after a pandemic-related slump last year.

Porsche 9-month profit jumps to low end of 2021 target thanks to Volkswagen

Swiss federal prosecutors are set to drop a nearly five-year criminal investigation into Volkswagen's diesel emissions scandal after concluding they did not have a strong enough case to file charges, they said on Tuesday.

Swiss set to drop criminal probe of VW emissions scandal

Volkswagen's four-member mediation committee is planning to discuss soon the future of CEO Herbert Diess, who has once again clashed with powerful labour representatives, people familiar with the matter said last week.

Factbox-Possible successors to Volkswagen CEO Diess

German automaker Volkswagen Group's (OTC:VWAGY) over-the-counter stock has fetched far more handsome returns over the past year than U.S. tech giant Apple Inc (NASDAQ:AAPL) and Shanghai, China-based electric automaker Nio Inc (NYSE:NIO).  Just as rival legacy automakers, Volkswagen is dedicating billions of dollars and setting a tighter deadline to switch to a fully electric vehicle portfolio.

This OTC Automaker Stock Riding EV Momentum Has Better 1-Year Returns Than Apple, Nio And GM

Volkswagen CEO Herbert Diess has developed the right strategy for Europe's largest carmaker but he must deliver results now in implementing it, labour boss Daniela Cavallo told a newspaper.

Volkswagen strategy implementation patchy, labour boss tells paper

The Porsche and Piech families, which control Volkswagen's largest shareholder Porsche SE, continue to support the carmaker's CEO Herbert Diess, a spokesperson for Porsche SE said on Friday.

Porsche, Piech families still backing Volkswagen CEO Diess

Volkswagen CEO Herbert Diess' frail relationship with German labour representatives hit a new low this week with disagreement over how radical the overhaul at Europe's top carmaker must be in its quest for electric vehicle dominance.

What's driving the latest Volkswagen power struggle?

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Volkswagen CEO Herbert Diess faced off workers at the carmaker's Wolfsburg plant on Thursday, seeking to avert the further escalation of a clash over the pace of reform needed to challenge Tesla for the electric vehicle throne.

Volkswagen CEO speaks to workers to defuse open conflict over reform

The mediation committee of Volkswagen's supervisory board plans to discuss the future of CEO Herbert Diess, three people familiar with the matter said, a week after a long-standing conflict with labour representatives flared up again.

Exclusive-Volkswagen mediation committee to discuss future of CEO Diess - sources

Volkswagen is expanding its green strategy by investing in an EU-backed fund to jointly back technology firms in the field of energy transformation.

Volkswagen invests in EU-backed energy transformation fund

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Volkswagen Group (OTC: VWAGY) sold 12,736 locally made ID. series electric vehicles in China during the month of October, cnEVpost reported on Tuesday, citing the company, which is more than the monthly delivery numbers of homegrown rivals Nio Inc (NYSE: NIO), Xpeng Inc (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI).

Volkswagen Beats Xpeng, Li Auto And Nio Numbers For Octobers With Its ID. Series Deliveries

Spun off from Seat in 2018, the Barcelona-based Cupra has delved into its Mediterranean Sea culture to create the seats for its ID.3-based electric car.

Volkswagen's Spanish Offshoot Trims Seats from Sea-Borne Plastic

Volkswagen's Skoda Auto will resume production on Sunday evening in most of its plants after a two-week outage caused by shortage of chips, CTK news agency reported.

Volkswagen's Skoda to resume production after two-week outage - CTK news agency

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It's been a sobering week for Herbert Diess' electric vehicle ambitions.

Analysis-Volkswagen gets reality check after Tesla's week of milestones

Volkswagen thinks the worst of the global chip shortage is in its rear-view mirror.

CEO says Volkswagen has 'seen the worst' of the chip shortage

Volkswagen shares dived almost 4-1/2% after profits dived in the microchip-shortage ravaged 3rd quarter. VW and its mass market and premium brands said operating profits fell 12% to €2.8 billion in the 3rd quarter, compared with the same period of 2020.

Volkswagen Shares Dive As Profits Disappoint Investors And Fall In The 3rd Quarter

Herbert Diess made his remarks during an interview with CNBC's Julianna Tatelbaum.

Tesla is setting the bar for electric vehicles, VW CEO admits

Volkswagen Chief Executive Herbert Diess on Thursday said he was confident that Europe's largest carmaker could keep up with Tesla, but added this would require further cost cuts, including headcount reductions at its Wolfsburg site.

Volkswagen CEO: we will keep up with Tesla but not without cuts

Volkswagen cut its outlook for deliveries on Thursday, toned down sales expectations and warned of cost cuts as an ongoing shortage of chips caused it to report lower-than-expected operating profit for the third quarter.

Volkswagen cuts deliveries outlook as chip crisis bites

Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 52% chance of a rise in VWAGY stock over the next month (twenty-one trading days).

Will Volkswagen's Stock Rise Post Q3 Results?

Volkswagen's labour leader took aim at Chief Executive Herbert Diess, accusing him of not taking an interest in workers' concerns and rekindling a long-standing conflict ahead of a supervisory board meeting on Wednesday.

Volkswagen labour leader lashes out at CEO ahead of board meeting

Electric vehicle sales' share of the total passenger vehicle sales in China jumped significantly to 18.6% in the third quarter at a time when a lingering chip shortage hit production and sales of traditional internal combustion vehicles. What Happened: Electric vehicle share of the total passenger vehicle sales in China rose to 18.6% in the three months ended September, from 13.2% in the second quarter.

News for Volkswagen AG Stock (VWAGY)