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 will ramp up its software, mobility as a service and battery tech to stay competitive in the coming decades, as it and other automakers prepare for the largest transition in personal mobility since the invention of the car. Laying out the company strategy Tuesday, Chief Executive Officer Herbert Diess emphasized a top-to-bottom transformation in […]

Volkswagen's new business strategy puts software and autonomous driving front and center

Half of Volkswagen's sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday.

Volkswagen wants half of its vehicle sales to be electric by 2030

Automaker Volkswagen's electric vehicle (EV) charging unit, Electrify America, said on Tuesday it planned to more than double its charging infrastructure in the United States and Canada over the next four years.

Volkswagen's EV unit plans to double charging infrastructure by end of 2025

Volkswagen on Tuesday said battery electric vehicles were expected to account for half of global vehicle sales by 2030, as Europe's largest carmaker prepares to phase out combustion engine cars.

Volkswagen aims for half of vehicles sales to be electric by 2030

Tesla

Germany is set to extend a $10,650 subsidy for the purchase of battery-electric vehicles under $47,500 through 2025.

Tesla Stock and Volkswagen Should Get Boosted by This Electric-Vehicle Subsidy

German auto giant Volkswagen (OTCMKTS:VWAGY) indicated that it expects that its H1 operating profit to total about Euro 11 billion ($13 billion), effectively surpassing pre-pandemic levels.

Company Of The Day: Volkswagen

Volkswagen AG's stock (OTCMKTS: VWAGY) fell by 0.6% over the last five trading days. In comparison, the broader S&P500 rose by 0.6% over the last five trading days.

Volkswagen Stock To Gain Post A Jump In Sales Volume In America?

Bayerische Motoren Werke AG

BMW (BAMXF) and Volkswagen (VWAGY) will pay a fine to the EC for forming a cartel to avoid competing on technology to restrict pollution from diesel cars.

Volkswagen (VWAGY)-BMW (BAMXF) to Pay $1B Over Emission Scandal

Volkswagen Chief Executive Herbert Diess on Friday received a contract extension under which he will lead Europe's carmaker until October 2025, the group said, a victory made possible by the recent departure of works council head Bernd Osterloh.

Volkswagen boss Diess gets contract extension

Volkswagen on Friday said first-half operating profit came in at around 11 billion euros ($13 billion), as demand recovered strongly from a drop caused by the impact of the coronavirus pandemic.

Volkswagen posts first-half operating profit of $13 billion

As environmental issues really came of age in the 1990s, certain German automakers were meeting in secret groups to make sure their cars would continue to industriously contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz parent company Daimler have been illegally colluding to restrict competition in emission […]

EU fines BMW, VW $1B for running emissions cartel since the 90s

European auto giants Volkswagen AG ( XTER:VOW3 , Financial) and Bayerische Motoren Werke AG ( XTER:BMW , Financial) have been slapped with 877.18 million euros in fines ($1.03 billion) after breaching the European Union's antitrust rules. A total of five companies were found to have colluded on the development of nitrogen oxide cleaning systems that are outfitted on diesel vehicles.

Volkswagen and BMW Fined $1 Billion for Emissions Collusion

The EU handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.

EU fines Volkswagen, BMW $1 billion for emissions cartel

Volkswagen's supervisory board will discuss on Friday whether to extend the contract of Chief Executive Herbert Diess, two people familiar with the matter told Reuters.

Exclusive: Volkswagen to discuss CEO contract extension on Friday -sources

The European Union has imposed approximately $1 billion in fines on Bayerische Motoren Werke AG (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY) for a collusion scheme designed to limit the slow the introduction of AdBlue emissions-cleaning technology. What Happened: BMW will pay approximately $422.3 million and Volkswagen will pay about $595.3 million in their respective settlements.

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology

Porsche Automobil Holding SE

The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.

EU fines German car makers $1B over emission collusion

The European Commission has fined Volkswagen Group and BMW $1 billion for colluding with Daimler to hold back the development of technology that could have reduced harmful emissions from their vehicles.

Volkswagen and BMW fined $1 billion for running emissions cartel

Volvo AB

The latest venture between Daimler (DDAIF), Volkswagen's (VWAGY) Traton and Volvo marks the coming together of three leading European truck makers to achieve their climate-neutral goals.

Daimler (DDAIF), Volkswagen (VWAGY) & Volvo Unite for EV Chargers

Commission imposes €875m fine for breaching antitrust rules by delaying cleaner emissions technology

EU fines VW and BMW £750m for colluding with Daimler on fumes

The car makers illegally colluded to restrict competition in emission cleaning technology for diesel cars, according to the European Union.

BMW, VW, Audi and Porsche fined $1 billion in landmark case colluding over emissions

Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund consumers participating in a class action lawsuit over the carmaker's rigging of diesel emissions tests.

Volkswagen to appeal Italian court decision on class action over Dieselgate

Volkswagen said on Thursday it was considering whether to take legal action against an EU antitrust fine, saying the penalty over technical talks about emissions technology with other carmakers set a questionable precedent.

Volkswagen weighs appeal against EU fine over emissions tech collusion

The European Commission said on Thursday three German carmakers breached EU antitrust rules by restricting competition in emission cleaning for new passenger diesel cars, and it fined BMW and Volkswagen Group 875 million euros between them.

EU fines BMW, Volkswagen Group for restricting competition in emission cleaning

The Electrify America division, born from the Dieselgate scandal, operates a few hundred charging stations across the US.

Volkswagen may sell stake in Electrify America as it shops division around, report says

Volkswagen's ambitious electric car sales plans have stalled for the moment and investors are getting nervous, although some analysts think worries have been overdone and sales will recover enough in the 2nd half to meet targets.

News for Volkswagen AG Stock (VWAGY)