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 unveiled its first electric SUV, the ID.4, Wednesday. VW calls the ID.4 it's first long-range electric vehicle for the US market, and says it's an important part of the brand's overall move toward electric vehicles.

Volkswagen unveils the ID.4, its first all-electric SUV for the US market

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Volkswagen AG's U.S. subsidiary on Wednesday revealed its electric sport utility vehicle ID.4, which it aims to begin selling in the first quarter of 2021, and said the compact EV will have an estimated driving range of 250 miles.

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The vehicle will be targeted at mainstream buyers, starting at $39,995 when it arrives in U.S. showrooms early next year.

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Volkswagen's Traton commercial truck unit and self-driving technology startup TuSimple will partner to develop self-driving trucks, the companies said on Wednesday.

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The Traton Group, Volkswagen AG’s heavy-truck business, has taken a minority stake in TuSimple as part of an agreement between the two companies to develop self-driving trucks. Neither company disclosed the financial terms of the partnership or the percentage of the minority stake.

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Traton Group, the maker of MAN and Scania vehicles, is also investing an undisclosed amount in the San Diego-based tech startup that’s also working with truckmaker Navistar in the U.S.

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Volkswagen AG will provide owners of its ID.4 compact electric sport utility vehicle with three years of unlimited charging in the United States at no additional cost to the vehicle's price, the German automaker said on Monday.

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Canada launched a fund on Thursday to invest in community-based projects to curb emissions, with bulk of the money coming from a fine that Volkswagen AG paid for breaking the country's diesel emissions rules.

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The European Automobile Manufacturers Association (ACEA) reported that new registrations (a proxy for sales) in August fell by 18.9% year over year.

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Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks.

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VW previously said we'd see the new EV in late September. Now, mark your calendars for Sept. 23.

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German car maker Volkswagen plans to take a stake in Sixt , a rental firm that has branched out into mobility services such as car sharing and ride hailing, Manager Magazine reported on Wednesday.

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Overall car sales in China increase for the fifth month in a row in August and EV sales in the country witness the second consecutive month of gain.

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Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.

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Volkswagen delivered its first ID.3 electric car in Dresden, Germany, the opening salvo in a massive counterattack against Tesla. 
The post Volkswagen's Ambitious 'Electric Offensive' Against Tesla Has Officially Begun appeared first on Investor's Business Daily.

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A sale is still far from certain, sources say, because Traton only made its offer for the Lisle, Ill.-based Navistar public after merger discussions with the board broke down.

News for Volkswagen AG Stock (VWAGY)