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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.

Analysis: Volkswagen could soon steal Tesla's crown

Tesla

Volkswagen wants to be the leader in electric vehicles around the world, and has the means to do it. But that isn't necessarily a death knell for Tesla.

Volkswagen Is Coming After Tesla. What It Means for Both Stocks.

Volkswagen shareholders were almost Tesla-like as they rushed to embrace its ambitious plans and drove the stock price almost 16% higher Tuesday after news VW would to ramp up battery production and commit to the electric revolution.

VW Shares Take On Tesla-Like Quality As Investors Embrace Ambitious Electric Plans

On Monday, VW announced plans to establish six "gigafactories" in Europe by the end of the decade.

Volkswagen CEO says he wants to 'get close and then overtake' Tesla

Volkswagen boss Herbert Diess said he sees no need for action when asked about a potential listing of the group's Porsche luxury division, adding the unit's cash flow was key to Volkswagen's turnaround.

Volkswagen CEO: no need for action on potential Porsche IPO

Volkswagen was unable to build 100,000 cars due to an ongoing chip shortage that has hit the automotive sector this year, Chief Executive Herbert Diess said, adding the group would not be able to make up for the shortfall in 2021.

Volkswagen CEO: 100,000 cars lost due to chip shortage

Volkswagen has unveiled a massive expansion of battery production as it seeks to gain an edge in the electric car race.

Volkswagen is going huge in batteries to slash the price of electric cars

Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world's second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion.

Volkswagen targets profit recovery as speeds transformation

Volkswagen will bring EV batteries in-house and set a timeline for switching to solid-state batteries, sharpening its challenge to Tesla. The post Volkswagen Lays Out Ambitious EV Battery Plans After Partner's Big Breakthrough appeared first on Investor's Business Daily.

Volkswagen Lays Out Ambitious EV Battery Plans After Partner's Big Breakthrough

The German auto giant is the dominant EV leader in the key European market.

Volkswagen Targets Battery Costs and Plans Gigafactories in First ‘Power Day'

Volkswagen hasn't been shy about its plan to catch up to Tesla and become the world's biggest manufacturer of electric cars. And on Monday, the German automaker laid out an aggressive strategy to expand its battery production and make major investments in charging infrastructure. VW announced the plans at its first "Power Day" presentation on Monday, which emulated Tesla's previous "Battery Day" events. During the live stream, executives said the company plans to build six battery-production plants in Europe by 2030 in order to secure battery supply.

VW lays out aggressive strategy to counter Tesla with its own 'gigafactories' and investments in charging infrastructure (VWAGY, TSLA)

Volkswagen AG (OTC: VWAGY) and Swedish battery manufacturer Northvolt announced Monday an expansion to their already existing partnership. What Happened: Volkswagen placed a $14 billion order with Northvolt to supply premium battery cells to be used by its European operations.

Volkswagen Places $14B Order With Battery Manufacturer Northvolt In EV Push

Volkswagen AG's stock has risen by 7.1% over the last five trading days. In comparison, the broader S&P500 rose by 4.9% over the last five trading days.

Volkswagen AG's Stock Rising Before Earnings, Will It Continue?

The race to dominate the electric-vehicle industry may be getting tighter between Tesla and Volkswagen, as the German auto giant revealed plans on Monday to reduce the cost of its batteries and operate a wide-ranging charging network.

Tesla faces race with Volkswagen as German giant targets battery costs and new gigafactories

German carmaker will also focus on the development of a "new unified cell".

VW to ramp up battery cell production with six 'gigafactories' in Europe

Volkswagen AG is gearing up to seize the top spot as the world's largest electric vehicle manufacturer with plans announced Monday to have six 40 Gigawatt hour (GWh) battery cell production plants in operation in Europe by 2030. To get there, the automaker put in a 10-year, $14 billion order with Swedish battery manufacturer Northvolt […]

Volkswagen will bring 240 gigawatt hours of battery production capacity to Europe by 2030

The German automaker will build six gigafactories in Europe and greatly expand its global charging network.

VW Group outlines next-gen battery plans at Tesla-like Power Day

Swedish lithium-ion battery maker Northvolt said on Monday it had received an order worth more than $14 billion over 10 years from Germany's Volkswagen.

Battery maker Northvolt signs $14 billion order from Volkswagen

Northvolt, the Swedish battery manufacturer which raised $1 billion in financing from investors led by Goldman Sachs and Volkswagen back in 2019, has signed a massive $14 billion battery order with VW for the next 10 years. The big buy clears up some questions about where Volkswagen will be getting the batteries for its huge […]

Swedish battery manufacturer Northvolt receives a $14 billion order from VW

Volkswagen, the world's No.2 carmaker, on Monday said it plans to build six battery cell production plants in Europe by 2030 to secure supply for its electric vehicle push.

Volkswagen aims for six battery cell plants in Europe by 2030

Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, leaving its supply deals with LG Energy Solution and SK Innovation in doubt.

Volkswagen to switch EV battery type, leaving supply deals in doubt: sources

Volkswagen Group (ETR: VOW) said on Sunday that it intends to slash its workforce in Germany by four thousand jobs. The company plans on offering its older employees early or partial retirement – a move that is expected to cost hundreds of millions of pounds.

Volkswagen to slash its workforce by up to four thousand jobs

Carmaker Volkswagen plans to cut up to 5,000 jobs in Germany by offering early or partial retirement to older employees in a move that could cost 500 million euros ($598 million), the Handelsblatt newspaper reported on Sunday.

Volkswagen to cut up to 5,000 jobs, Handelsblatt newspaper reports

Volkswagen is trading at a valuation that is not very rich. It is well-positioned within the cyclical upturn that is likely to occur with the vehicle market and should be able to take advantage of consumers buying new vehicles.

Volkswagen Is Undervalued And Is Perfectly Positioned For A Cyclical Upturn

Electric vehicle charging group Ionity, whose owners include Volkswagen and Daimler, is looking to sell a minority stake to rake in 400 million-500 million euros ($479 million-597 million), three people familiar with the matter said.

News for Volkswagen AG Stock (VWAGY)