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.

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JPMorgan (JPM) to Buy 75% Stake in Volkswagen's Payment Unit

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JPMorgan Chase & Co (NYSE: JPM) inked an agreement to acquire a controlling interest of close to 75% in Volkswagen AG's (OTC: VLKAF) (OTC: VWAGY) payments platform, Volkswagen Financial Services, operated by the Volkswagen Payments S.A.  The financial terms of the transaction remain undisclosed.

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J.P. Morgan (JPM) reached a deal with German carmaker Volkswagen (VW) to buy almost 75 percent of its financial services unit for undisclosed terms, Reuters and other news outlets reported on Wednesday (Sept. 8). The acquisition comes ahead of VW's upcoming launch of in-car payments technology.

JPMorgan Acquires 75% of Volkswagen's Payments Unit

JPMorgan plans to buy a majority stake of close to 75% in Volkswagen's payments business.

JPMorgan is buying a majority stake in Volkswagen's payments unit

LONDON--(BUSINESS WIRE)--J.P. Morgan announces today that it has entered into a strategic deal with Volkswagen Financial Services, with plans to acquire a controlling interest of close to 75% in the car manufacturer's payments platform, operated by Volkswagen Payments S.A., subject to regulatory approvals. The deal will expand the bank's digital payment capabilities and see the platform extended and accessible to the broader auto industry for the first time. Over time, the alliance between the

J.P. Morgan to Take Majority Ownership of Volkswagen Payments Business

JPMorgan has struck a deal to buy a majority stake in German car giant Volkswagen's payments business ahead of a planned rollout of in-car technology that allows drivers to automatically pay for fuel or tolls.

JPMorgan to buy majority stake in Volkswagen's payments business

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Volkswagen Commercial Vehicles, a standalone VW brand responsible for the development and sales of light commercial vehicles, and Argo AI, an autonomous driving technology company, unveiled the first version of the ID Buzz AD (Autonomous Driving) on Sunday. The two companies shared plans to test and commercially scale the jointly developed, fully-electric self-driving van over […]

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News for Volkswagen AG Stock (VWAGY)