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's (VWAGY) Chattanooga plant will now feature the new voltage laboratory designed to develop and test EV cells and battery packs for upcoming models assembled in the United States.

Volkswagen (VWAGY) to Expand Chattanooga Plant, Develop EVs

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Automakers' race to invest vast sums on the e-commerce platform is likely to gather steam and aid businesses to reach new heights.

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A new lab in Tennessee will develop cells and packs for upcoming electric VWs.

Following Tesla's Playbook, Volkswagen Will Develop and Test Electric-Vehicle Batteries in the U.S.

German automaker Volkswagen AG said it was expanding its Chattanooga factory in Tennessee to make electric vehicle cells and battery packs in the United States, alongside assembling electric vehicles.

Volkswagen to make electric car cells, battery packs in U.S.

Bayerische Motoren Werke AG

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Nissan Motor Co Ltd

US light-vehicle sales are estimated to have dropped 12.2% year on year (y/y) to 1,227,420 units in July and decreased 21.8% y/y to 7,688,741 units in the year to date (YTD).

U.S. Light-Vehicle Sales Decline 12% Year-Over-Year In July

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The market for electric vehicles is still in its infancy in 2020, but overall market penetration is set to surge in the next two decades.

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Volkswagen's Czech carmaker Skoda Auto named VW's South Africa boss Thomas Schaefer as its new chairman on Monday as part of a wider shake-up at the German autos group.

Volkswagen South Africa boss Schaefer takes over at Skoda in shake-up

Skoda Auto expects its global markets to stabilise gradually as long as the coronavirus pandemic does not worsen significantly worsen, Volkswagen's Czech carmaker said on Friday, after reporting a 31% drop in first-half deliveries.

VW's Skoda deliveries fall 31%, expects markets to stabilise

Volkswagen AG on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel emissions that might cost the German automaker billions of dollars.

VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

Volkswagen AG (VWAGY) on Q2 2020 Results - Earnings Call Transcript

Volkswagen on Thursday moved to quash rumours that Chief Executive Herbert Diess had been sidelined by issuing an unsolicited declaration of support, following clashes with the company's labour leaders who resisted plans for deeper cuts.

VW says CEO Diess enjoys full backing from supervisory board

Volkswagen lost approaching $1 billion in the coronavirus-stricken first half of a 2020, but expects to remain in the black for 2020. Just. Meanwhile, Renault joined Daimler in also announcing huge losses but Groupe PSA remained in the black.

VW Loses Almost $1 Billion In The First Half, But Expects To Remain In The Black For 2020

Volkswagen reported a second-quarter operating loss on Thursday as vehicle deliveries dropped by almost a third due to the COVID-19 pandemic, forcing the German carmaker to cut its dividend despite a gradual rebound in demand.

Volkswagen cuts dividend as profits evaporate in pandemic sales slump

Volkswagen has reported an operating loss of 800 million euros ($940 million) for the first half of 2020 and cuts its dividend as the coronavirus pandemic hammered car sales.

Volkswagen posts $940 million first-half loss and cuts dividend as pandemic hammers sales

Volkswagen unveiled a first-half operating loss on Thursday after suffering a 27% drop in vehicle deliveries due to the coronavirus pandemic, which forced the carmaker to slash its dividend.

Volkswagen cuts dividend as first-half profits plunge on pandemic sales drop

A German court on Tuesday said it had opened proceedings against current and former Volkswagen managers, including management board members, on suspicion of breaching their fiduciary duties by awarding excessive pay to labour leaders.

German court opens proceedings against VW over excessive labour pay

The U.S. Federal Trade Commission said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

U.S. consumers received $9.8 billion in Volkswagen diesel settlements

The U.S. Federal Trade Commission (FTC) said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

U.S. consumers received $9.8 billion in Volkswagen diesel settlements: FTC

UL laboratory in Germany listed for emission chamber testing according to PV 3942 KREFELD, Germany, July 27, 2020 /PRNewswire/ -- UL's materials testing laboratory in Krefeld, Germany, has been approved as an external laboratory for emission testing according to PV 3942 for Volkswagen.

Volkswagen Group officially grants UL extended approval as an external testing laboratory

After a 57% rise since the March 23 low of this year, at the current price of around $17 per share, we believe Volkswagen AG’s stock does not have much upside left. Volkswagen’s stock has increased from $11 to $17 off the recent bottom, better than the S&P which increased by around 45%.

Volkswagen Stock Expensive at $17?

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The coming year may show how much mass appeal electric vehicles hold as the global auto industry starts to unleash 200 new electric cars now in the works.
The post While Tesla Soars, Electric Cars Face A Huge Test appeared first on Investor's Business Daily.

While Tesla Soars, Electric Cars Face A Huge Test

Volkswagen AG , Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday.

Volkswagen sees Amazon-built ‘industrial cloud’ as future B2B marketplace

Volkswagen and Ford said a U.S. legal row between South Korean battery makers could disrupt supplies of the key electric vehicle parts and cost U.S.

Volkswagen warns Korean battery row could lead to 'catastrophic' supply disruption

Volkswagen AG said on Friday it expects its China sales to fall a single-digit percent this year as new sport-utility vehicles and premium models help it recover from a sales slide in the world's biggest auto market.

Volkswagen expects single-digit sales decline in China this year

German automaker Volkswagen AG expects a slight growth in China's premium car segment this year despite a slide in broader market sales, a senior executive said.

News for Volkswagen AG Stock (VWAGY)