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.

Germany's Volkswagen sold 9.3 million vehicles in 2020, making it the world's second-largest automaker behind Japan's Toyota, which sold 9.5 million vehicles.

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Volkswagen said on Tuesday Porsche AG executive Gernot Doellner will become the carmaker's new strategy chief from May 1.

Volkswagen says Gernot Doellner becomes new strategy chief

Volkswagen Group (XETRA:VOW) has signed battery manufacturer Northvolt up for a 10-year battery order deal worth US$14bn to the Swedish company. The deal builds on VW's announcements last week about its plans to vastly expand production capacity for its electric car strategy.

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Cathie Wood's Ark Investment Management remains unimpressed by what it describes as "linear thinking" of Volkswagen AG (OTC: VWAGY) on batteries. What Happened: Ark analyst Sam Korus touched on Volkswagen's “Power Day” in the company's weekly newsletter on Monday.

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The latest Annual Media Conference and VW's power day gave me a boost in confidence in the company's future prospects.

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The new compact car may finally be the EV that puts zero-emission driving into the hands of the European masses, with a price point below the critical €20,000 barrier in Germany.

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Deutsche Bank analysts lifted their price target on buy-rated Volkswagen to €270 on Monday.

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By next year, the German auto maker's battery-electric vehicle sales could outpace that of industry giant Tesla, say Deutsche Bank analysts, who lifted their price target on buy-rated Volkswagen to €270 from €185 per share in a note to clients on Monday.

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Volkswagen's Spanish automaker SEAT wants to locate a battery assembly plant near its Barcelona factory to support electric car production there from 2025, providing it gets financial and other support from Spanish and EU authorities, its chairman said on Monday.

VW's SEAT wants to build battery assembly plant in Barcelona area

A joint venture between Volkswagen AG (OTC: VWAGY) and China's state-owned First Automobile Works delivered its first electric sports utility vehicle — the SUV ID.4 Crozz — to 12 customers over the weekend in Shenzhen. What Happened: The SUV,  available in five models, ranges in price between RMB 199,000 ($30,720) to RMB 279,900 ($43,000) after subsidies and has a range of between 400 KM (248 Miles) to 550 KM (342 Miles), CnEVPost reported.

Volkswagen Heats Up China EV Competition As It Begins Deliveries Of ID.4 Crozz SUV

A lot can change in a week. Just ask Volkswagen.

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Volkswagen will suspend auto production in Brazil for 12 days as of March 24 due to the worsening COVID-19 pandemic in the country, the company said in a statement on Friday.

Volkswagen suspends production in Brazil for 12 days due to COVID

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Volkswagen wants to gauge customer interest in pay-per-mile billing and on-demand charges for optional car functions through a pilot subscription service due for unveiling this year. That's according to the website Autocar, which reports that the German carmaker intends to test a subscription model on its ID 3 electric hatchback, part of a larger plan […]

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Volkswagen luxury unit Porsche AG is open to the idea of a potential stock market listing, with finance chief Lutz Meschke saying the advantages of such a move had been laid out.

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Volkswagen made the announcement on Power Day (March 15) touting its new "unified" prismatic battery cells and plans to expand battery manufacturing capacity around the world. Audi also confirmed its pivot away from new combustion engines.

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Volkswagen (XETRA:VOW) shares have surged this month as it rose from the ashes of its diesel emissions scandal to stand as perhaps the top electric vehicle contender against Tesla Inc (NASDAQ:TSLA). Even before this week's first 'power day', focusing on battery production plans, interest in the company as the leading “Tesla fighter” among the old guard of automotive heavyweights had been sparked by newly positive research from investment banks and brokers.

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“Our goal is to secure a pole position.” Thus spake the chief executive of Volkswagen Group (ETR:VOW3), Herbert Diess, at the company's so-called “Power Day”, which was held on 15 March, in a conscious echoing of a similar event held by Tesla (NASDAQ:TSLA) at the end of last year.

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Shares in Germany's Volkswagen were up on Thursday and on course for a fourth daily rise and their best week ever as investors cheered its plans to overtake Tesla in the electric car market.

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Volkswagen AG (OTC: VWAGY) OTC shares closed 29.25% higher on Wednesday. What Happened: The German automaker's American Depository Shares have soared 52.43% since Friday's closing.

News for Volkswagen AG Stock (VWAGY)