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 Group executives confirmed that they are considering spinning off the automaker's premium Italian brands, including the supercar maker Lamborghini.

Volkswagen says it might spin off Lamborghini and Ducati

Bugatti President Stephan Winkelmann will also become head of luxury brand Automobili Lamborghini, taking on a double role from December, parent group Audi said on Wednesday.

Luxury brands Bugatti and Lamborghini to be headed by one chief from December

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The Financial Times reports that the United Kingdom will move up the timeline to 2030 for a ban on gas- and diesel-powered cars. This news could impact electric vehicle and internal combustion engine (ICE) auto manufacturers in a major way.

6 Auto Stocks To Watch As UK Moves Up ICE Ban

Volkswagen on Wednesday said the German government's 3 billion euro ($3.57 billion) scheme to support low-emission cars sent a strong signal Berlin would help lift the country's key export industry out of the coronavirus and climate crises.

Volkswagen welcomes German government's scheme to support low-emission cars

Volkswagen boss Herbert Diess has been perhaps the most outspoken automotive executive when it comes to the industry's elephant in the room. For years, the German has expressed a mixture of admiration and competitive attitude for Tesla. But as Elon Musk's automaker closes in on opening a factory in VW's backyard in Berlin, his tone seems to be shifting.

Volkswagen's CEO says its latest round of investment in electric self-driving cars will let it finally 'beat Tesla'

Elon Musk loves to speak in terms of magnitudes and perhaps his recent fling with Covid-19 has taken his attention off one very real commercial truth.

Volkswagen Has Sold 359x As Many Id.3s As Tesla Has Sold Model 3s In The Netherlands In November And 112x As Many In Norway

Volkswagen AG (OTC: VWAGY) CEO Herbert Diess said that the German automaker is making a move to shift away from gasoline guzzling vehicles to build more electric vehicles in order to better compete with Tesla Inc (NASDAQ: TSLA), Reuters reported Monday. What Happened: The company's factories in Emden and Hanover in Germany will be refurbished to make EVs as a part of its $86 billion (EUR 73 billion) investment plan centered on the development of zero-emission and self-driving vehicles, according to Reuters.

'A Race With Tesla,' Says Volkswagen CEO As German Giant Makes Another EV Push

Volkswagen is looking into potentially carving out its Lamborghini supercar and Ducati motorbike brands, it said on Monday, as the German automaker seeks to streamline its operations and focus on mass-producting electric cars.

Volkswagen looking at carving out Lamborghini and Ducati

Volkswagen plans to invest 1 billion euros ($1.18 billion) in its Slovak plant, including 500 million euros to produce next-generation Passat and Skoda Superb models, VW Slovakia Chairman Oliver Gruenberg said on Monday.

Volkswagen to invest 1 billion euros in Slovakia plant

General Motors

Electric Cars: General Motors And Volkswagen Move On

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen invests $233 million in a new engine line in Mexico; Texas' roads are the most dangerous; a supply chain provider expands in Dallas; and a new logistics facility is announced in Laredo, Texas.

Borderlands: Volkswagen invests $233M in new engine line in Mexico

The automotive world is going electric. Volkswagen A G (Pink: VWAGY) has been working toward its plans for an electric future, and it looks like those plans are now clear.

VW To Spend $86B On Electrification, Powertrains, Digital Tech

Volkswagen's Mexico unit said on Thursday the German carmaker plans to invest $233.5 million in a new production line for motors at its plant in the central Mexican state of Guanajuato.

Volkswagen to invest $233.5 million in motors output in Mexico

Navistar

Traton SE has paid $3.7 billion to acquire the US truck company Navistar International Corp. (NYSE: NAV). What Happened: Traton SE, Volkswagen AG's (OTC: VLKAF) truck division, will acquire $3.7 billion worth of outstanding shares of Navistar International Corp. stock, Reuters reported Saturday.

Volkswagen's Traton Acquires Truck Company Navistar For $3.7B

TRATON Group and Navistar International Corp. (NYSE: NAV) reached a definitive agreement on TRATON's $3.7 billion takeover of the maker of International trucks and IC buses on Saturday. The deal concludes TRATON's on-again, off-again four-year pursuit.

News Alert: TRATON and Navistar reach definitive $3.7 billion merger deal

Volkswagen AG's truck unit Traton SE has signed a merger agreement with U.S. truck maker Navistar International Corp , the company said in a statement on Saturday.

Volkswagen truck unit Traton, U.S. Navistar sign merger deal

The shift means the British brand will stop producing the roaring 12-cylinder gasoline engines that have made it famous in an effort to become the world's leading sustainable high-end car company.

Bentley says it will make only electric cars by 2030

Around the world, projects focused on the development of more sustainable transport systems are in the works.

Volkswagen is trying to help a Greek island go green

Bentley Motors, the ultra luxury automaker under VW Group, will only produce plug-in hybrid and all-electric cars starting in 2026 with an aim to drop all combustion engines in the next decade. The company said Thursday its entire lineup will be all-electric by 2030.

Bentley is making the shift to an all-electric lineup

Bentley plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030, the British luxury carmaker said Thursday.

Famed luxury carmaker Bentley to go fully electric by 2030

Bentley Motors' model line-up will include only plug-in hybrids and electric cars by 2026 and will be fully electric by 2030, the British luxury carmaker said on Thursday, as the auto industry adapts to tighter emissions limits in Europe and China.

Bentley's luxury car range to be fully electric by 2030

Luxury car brand promises to shift business to become ‘end-to-end carbon neutral'

Bentley to stop making petrol cars by 2030 and go fully electric

Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, the company's chief executive said.

VW CEO says will tweak strategy to maintain electric, autonomous push

Volkswagen's new ID.3 hatchback BEV model, introduced in September, has roared out of the gate and knocked Tesla's Model 3 into the also-ran category.

VW Sold 75x As Many ID.3s In The Netherlands In October As Tesla Sold Model 3s

Volkswagen AG will roll out eight ID. family electric models in China, the world's biggest auto market, by 2023, its China chief Stephan Woellenstein said on Tuesday.

News for Volkswagen AG Stock (VWAGY)