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.

XPeng

Chinese electric vehicle (EV) maker Xpeng said on Monday it has established a project house in partnership with German automaker Volkswagen AG for engineers to accelerate the development process of new architecture for EVs.

Xpeng, Volkswagen set up project house to roll out new EV architecture

XPENG and the Volkswagen Group will jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen's China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform The first vehicle equipped with the jointly developed E/E Architecture will SOP (Start of Production) within approximately 24 months Both parties will actively explore further collaboration opportunities to expand the scope of the usage of the jointly developed E/E Architecture GUANGZHOU, China, July 22, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (the “Company” or “XPENG”) and the Volkswagen Group are pleased to announce today that, further to XPENG's announcement dated April 17, 2024 (the “Announcement”) in connection with the framework agreement on technical collaboration with respect to electrical/electronic architecture (“E/E Architecture”), XPENG and the Volkswagen Group have entered into a Master Agreement on E/E Collaboration (“Master Agreement”) which solidifies both parties' commitment to jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen's China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform. The execution of the Master Agreement not only signifies the expeditious joint development of E/E Architecture in China by the parties but also paves the way for potential expansion of collaboration on E/E Architecture.

Master Agreement on E/E Architecture Technical Collaboration With Volkswagen Group

Volkswagen's CEO discussed free and fair trade, the global economy and technology in meetings with China's industry and commerce ministers on Friday, according to statements by ministries and VW.

VW CEO talks trade, tech with Chinese ministers in Beijing

Volkswagen's CEO Oliver Blume talked about framework conditions for the use of technologies like AI and autonomous driving as well as the importance of free and fair trade in a meeting on Friday with Chinese government ministers, Volkswagen said.

Volkswagen CEO: discussed free trade, global economy, AI with Chinese ministers

Porsche Automobil Holding SE

Stuttgart, July 18, 2024 (GLOBE NEWSWIRE) -- The Porsche Panamera has redefined the luxury sedan segment. It combines a high level of driving comfort with the properties of a Porsche sports car in a unique way. Now two charismatic new variants have been added to the model range. These are cars with different priorities: the Panamera GTS is a dynamic sports sedan that places a particular emphasis on the emotional driving experience. The Panamera Turbo S E-Hybrid is positioned at the very top of the model range as the most powerful, fastest and most luxurious derivative. This top model is the new record holder in the official ranking of the fastest combustion engine and hybrid luxury sedans on the Nürburgring Nordschleife.

The 2025 Porsche Panamera Turbo S E-Hybrid and Panamera GTS

Mercedes-Benz Group AG

Stellantis N.V. 

Serbia will give Mercedes-Benz , Volkswagen and Stellantis the opportunity to purchase lithium for car batteries as the nation prioritises European over Chinese carmakers, its president said.

Serbia eyes lithium deals with Mercedes, Stellantis, VW, president says

Stuttgart, July 16, 2024 (GLOBE NEWSWIRE) -- Porsche has expanded the model range for its first all-electric SUV. The nimble new rear-wheel-drive Macan is joined by the Macan 4S, which will slot in between the existing Macan 4 and the Macan Turbo. Like the two other models introduced at the start of 2024, the 4S is equipped with the electronically controlled Porsche Traction Management (ePTM) system, which distributes the drive power between the front and rear axles around five times faster than a conventional all-wheel-drive system.

Porsche expands the model range for the all-electric Macan

Traton is one of the leading truck and bus manufacturers in the world, with brands such as Scania, MAN, Navistar and VW Truck & Bus. Since its spin-off from Volkswagen, Traton has greatly improved its profitability, closing the gap with the industry leaders. Traton already released its Q2 sales, and we can use this information to make a forecast of what the upcoming earnings report may look like.

Traton's Q2 Earnings: A Turnaround Play At A Crossroads

Volkswagen (VWAGY) contemplates the closure of an Audi plant in Brussels due to weak demand for the Audi Q8 e-tron.

Volkswagen (VWAGY) Mulls Closure of Audi Plant in Brussels

QuantumScape

QuantumScape (NYSE: QS ) stock is surging higher by over 25% after the company announced that it had reached an agreement with battery company PowerCo, which is wholly owned by Volkswagen (OTCMKTS: VWAGY ). The agreement notes that PowerCo will be able to utilize QuantumScape's technology platform to mass produce batteries once QuantumScape accomplishes “technical progress and certain royalty payments.

QS Stock Alert: QuantumScape Soars as Volkswagen Doubles Down on Batteries

QuantumScape Corp. said Thursday it has inked a deal with Volkswagen Group's PowerCo. aimed to mass produce electric-vehicle battery cells based on QuantumScape “solid state” battery technology.

QuantumScape, Volkswagen's battery-making unit hammer a new deal in ‘solid state' quest

Volkswagen will massively ramp up production of solid-state batteries developed with U.S. startup QuantumScape , both companies said on Thursday, as the German carmaker aims to bring the technology into more vehicles.

Volkswagen to ramp up solid-state battery production in QuantumScape deal

E.ON SE

German energy company E.ON and Volkswagen subsidiary MAN Truck & Bus on Thursday unveiled plans to set up an electric charging network for trucks in Germany and Europe, to help cut emissions and achieve environmentally sustainable logistics.

VW's MAN and E.ON cooperate on electric truck charging

Shares in luxury carmaker Porsche AG are up 3.4% at the top of Frankfurt's blue-chip DAX index after traders points to positive brokerage comments following a call with investors prior to the start of the blackout period.

Porsche AG shares rise to top of DAX, traders point to pre-close call

The company has now lowered the forecast for its operating return on sales to a 6.5% to 7% range, from 7% to 7.5% previously. It noted that is also considering the restructuring or potential shutdown of its Audi plant in Brussels on the back of weak demand for the Audi Q8 e-tron line.

Volkswagen shares slip as it considers Brussels plant closure on weak EV demand

Shares in Volkswagen Group (XETRA:VOW) held firm after it reduced its 2024 sales forecast and flagged the potential closure of an Audi electric vehicle (EV) plant in Brussels. The shutdown decision could significantly impact Volkswagen's overall results with the auto giant now projecting an operating return on sales of between 6.5% and 7%, down from the previous 7% to 7.5%.

VW shares hold their ground after German automaker downgrades sales forecast

Shares in Volkswagen fell 1.5% in early Frankfurt trade after Europe's biggest carmaker late on Tuesday issued a profit warning due to charges related to the possible closure of Audi's Brussels plant.

Volkswagen shares down after possible Brussels plant closure, profit warning

Volkswagen Group lowered its forecast for operating returns on Tuesday to 6.5-7% from 7-7.5% as it announced that the Audi brand was considering closing its Brussels site because of low demand for the electric higher-end cars it produces.

VW Group lowers forecast on possible closure of Audi Brussels site, other expenses

Atlanta, July 09, 2024 (GLOBE NEWSWIRE) -- Atlanta. Porsche Cars North America, Inc. (PCNA) today announced that second-quarter retail deliveries in the United States totaled 21,304 cars to contribute to the best quarterly performance in PCNA history – a rise of 13 percent YoY for this period.

Porsche reports U.S. retail sales for second quarter of 2024

German sportscar maker Porsche said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, citing a challenging global market environment and a tense economic situation in China.

Porsche AG posts 7% delivery decline in H1

Mobileye Global Inc

JERUSALEM--(BUSINESS WIRE)--Volkswagen AG recognizes Mobileye among its top suppliers globally for 2024.

Volkswagen Group Names Mobileye Among Top Suppliers for 2024

Volkswagen is significantly undervalued, with its investments in Porsche AG, Traton SE, and other premium brands effectively making its other assets, including Rivian, "practically free" for investors. The company is strategically investing in electric vehicle technology and partnerships, including substantial stakes in Rivian, Xpeng, and innovative battery technologies through PowerCo, to enhance its competitiveness and future profitability. Despite past challenges, Volkswagen has restored profitability, maintains a robust balance sheet, and continues to innovate, positioning itself for growth in the competitive EV market, particularly in China.

The Undervalued Volkswagen: Your Free Pass To Rivian's Success

German battery maker Varta on Thursday said it is in talks with Porsche over a potential investment in its large-format lithium-ion battery business, V4Drive.

German battery maker Varta eyes Porsche investment for battery unit

Volkswagen offers a mix of attractive ICE technologies and aggressive EV expansion plans, with a potential upside of 60-70% according to my PT of €210/share. I invested in Volkswagen at an attractive valuation over a year ago, owning preferred stock with generous dividends. Despite recent declines, I believe the market overreacted to the company's earnings potential and fundamental upside.

Volkswagen: A Good Income Investment With Stability And Long-Term Upside Potential

Germany's cabinet blocked the planned sale of the gas turbine business of Volkswagen unit MAN Energy Solutions to a Chinese company on Wednesday, with ministers citing security reasons.

News for Volkswagen AG Stock (VWAGY)