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 can no longer rule out plant closures in Germany as it seeks ways to save an extra several billions of euros in a cost-cutting drive underway at its namesake brand, the carmaker and its works council said on Monday.

Volkswagen warns of possible plant closures in Germany

Volkswagen AG trades at a significant discount, with a potential 50% upside and a 9.4% dividend yield, despite recent challenges and high debt. The company's diverse portfolio of twelve brands, including Lamborghini and Porsche, provides resilience and growth opportunities through potential IPOs. Technical analysis shows the stock is oversold, trading at 2015–2016 levels, despite improved financial performance and strong institutional backing.

Volkswagen: Benefit From High Dividends While Price Appreciates

Stellantis N.V. 

Battery-powered EV sales in Europe are taking a hit from reduced incentives, lack of affordable models and charging infrastructure concerns.

Europe's BEV Sector Slows Amid Economic & Regulatory Challenges

Porsche Automobil Holding SE

Audi's sales chief Hildegard Wortmann has chosen to step back from her role and will be replaced by Marco Schubert, head of Europe at Porsche AG, Audi said on Friday.

Audi sales chief steps back, to be replaced by Porsche Europe head

Volkswagen's strong brand portfolio and 8.9% dividend yield make it an attractive investment despite market challenges and margin compression. Significant undervaluation of Volkswagen's holdings in Porsche and Traton, representing over 80% of its current share price. Strategic investments in Rivian and a focus on ICE development highlight Volkswagen's adaptive approach to evolving market conditions.

Volkswagen's High Yield Backed By Undervalued Brand Portfolio

Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German business paper Handelsblatt reported on Wednesday.

Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt

XPeng

Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC. Volkswagen in July 2023 announced a $700 million investment into Xpeng to jointly develop two electric cars for delivery in China, expected in 2026.

Volkswagen China is spending lots of time at Xpeng to make new EVs

The Volkswagen ID. Buzz marks the return of the classic VW bus, but with a twist: It's now an all-electric minivan with seating for up to seven and a range of up to 234 miles.

The 2025 VW ID. Buzz: Pricing, range and more for the classic bus remade as an EV

TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Porsche Cars Canada, Ltd. (PCL) is pleased to announce the opening of five Porsche NOW locations in the metropolitan areas of Montreal, Ottawa, and Vancouver. The brand pop-ups are the first of their kind to premiere an electric mobility focus, heralding the arrival of new electrified Porsche models in Canada such as the Macan Electric and the 2025 Taycan.

New Porsche NOW locations open in Canada

Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles. Volkswagen and AirConsole bring THE gaming experience designed for cars into VW vehicles.

AirConsole is coming to the new Volkswagen ID.7 Tourer and other models this fall

Volkswagen's goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.

Volkswagen's battery targets not 'set in stone', battery chief tells FAS

The 2024 Volkswagen Jetta sticks to its usual lane of being a smooth and spacious compact sedan. Pricing starts at $21,435.

The 2024 Volkswagen Jetta has plenty of competition, but none with its European vibe

Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto

Porsche and Puma present a limited sneaker line with Canada-exclusive design

Atlanta, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia has issued auto lease Asset Backed Securities (ABS) in the USA with a principal amount of $850 million dollars. This follows two successful auto loan ABS issuances by PFS in 2023.

Porsche Financial Services, Inc. returns to the U.S. ABS market with Prime Auto Lease Transaction

Volkswagen is due to receive a lower tariff of 21.3% on its Cupra Tavascan, produced by the SEAT brand in China, under planned duties by the European Commission on China-made cars, a source close to the matter said on Tuesday.

VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says

Porsche AG (ETR:P911) has joined a group of creditors putting together a rescue package for ailing battery maker Varta. Under the deal, Varta's debt will be cut from €485 million to €200 million, the company said.

Porsche bales out ailing battery maker Varta

Timo Resch is basking in the sun. That's literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week's most prestigious events.

Why Porsche NA CEO Timo Resch is betting on ‘choice' to survive the turbulent EV market

German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business.

Porsche agrees to provide capital in Varta restructuring deal

“Edith: Volcano Ascent” charts the extraordinary and brutal adventures of a small team in search of a record “Edith: Volcano Ascent” charts the extraordinary and brutal adventures of a small team in search of a record

World premiere of film starring record breaking Porsche at Monterey Car Week

Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday.

Volkswagen delays launch of Trinity EV further, source says

Porsche SE is in a position financially to consider further investments to diversify its portfolio, the holding group's finance chief said alongside first-half results on Tuesday.

Porsche SE eyes further investments in "attractive" market environment

Volkswagen Group will significantly hold off on the release of several electric vehicle (EV) models, according to German newspaper Handelsblatt.

Volkswagen Said To Delay Production of EV Models

Investor Porsche Automobil Holding SE said on Monday it agreed to take a stake in bus and train services provider Flix SE, spending a low double-digit million euro amount as part of a co-investment with private equity firm EQT.

Porsche Holding SE takes stake in bus services group Flix

An aluminum supplier flooding issue impacts the company. For this reason, Porsche AG reduced its year-end estimates. Here at the Lab, we are still positive thanks to customization, product MIX, and the company's net liquidity. Porsche AG has a young product portfolio, and Q2 earnings results showed a beat in operating profit. This supports our buy rating.

Porsche AG Confirms Its 2025 Potential

Rivian Automotive

It is unclear what kind of company Rivian will be in 3-5 years. A niche EV manufacturer, the next Tesla, or the next Fisker? The most likely outcome in the long term is a slow demise until Rivian either fades away or is taken over by a larger auto manufacturer. Rivian cannot generate the cash flows from its business to scale up and needs additional capital, diluting shareholders.

News for Volkswagen AG Stock (VWAGY)