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 has recently been demonstrating the showroom-ready version of what could be its most important car so far this millennium. Called the ID.3, it's the first example of a new electic vehicle platform that has VW's future hopes pinned on it, and maybe those of the whole German car industry.

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Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.

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Volkswagen (VWAGY) is set to pump $200 million in QuantumScape to boost the development of solid-state battery technology and agrees to pay $267 million for gaining 100% ownership of the Audi brand.

Volkswagen to Up Stake in QuantumScape, Fully Acquire Audi

Volkswagen said Tuesday it has invested another $200 million into QuantumScape, a Stanford University spinout developing solid-state batteries as the automaker bets on a next-generation technology that will unlock longer ranges and faster charging times in electric vehicles. Volkswagen’s relationship with QuantumScape, which had early backing from Kleiner Perkins and Khosla Ventures, actually stretches back to […]

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Volkswagen  will pay a 48% premium to buy out the minority shareholders of premium division Audi , Audi said on Tuesday.

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Bank of America downgraded Volkswagen VOW3, -0.04% and Porsche PAH3, +0.97% to neutral from buy while it upgraded Daimler DAI, +3.06% to buy from neutral.

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The rapid rollout of hundreds of millions of public EV chargers across the world is likely to accelerate EV adoption by making the ownership experience more convenient.

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Volkswagen is increasing its stake in U.S. company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the German carmaker said https://bit.ly/2BcvqPY on Tuesday.

Volkswagen invests extra $200 million in U.S. battery company QuantumScape

Coronavirus concerns have prompted the Mexican state of Puebla to order VOLKSWAGEN AG/ADR (OTC: VWAPY) and its luxury brand unit Audi AG (OTC: AUDVF) to keep their plants closed for the time being.

Mexican State Orders Audi, Volkswagen To Keep Mexican Factories Closed

Volkswagen  expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter said in an internal newsletter.

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Volkswagen AG's  Mexican unit will begin sending workers back to its plant in the central state of Puebla on Tuesday for "preparation and training eyeing a gradual start further ahead," the company said in a statement on Sunday.

Volkswagen in Mexico will begin sending workers back to plant on Tuesday

Mexico's Puebla state, where German automaker Volkswagen  and its luxury brand unit Audi  have major plants, said it is not ready to reopen its automotive sector due to ongoing concerns about the spread of the coronavirus.

Volkswagen, Audi on hold as Mexico's Puebla state not ready to reopen

Volkswagen has started to sell a home-charging device as the automaker prepares to bring its new ID family of electric vehicles to market. The ID.3 is the first electric vehicle under the ID label and will only be sold in Europe.

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Moody's expects auto sales in China to fall 10% year over year in 2020 but increase 2.5% in 2021.

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LMC Automotive expects Europe auto sales to sink 26% to 10.58 million units in 2020. Last year's volumes are unlikely to be surpassed until 2023.

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The automaker's launch into mass market electric vehicles is delayed for the second time.

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Volkswagen  on Thursday apologised for posting on its Instagram page last month an advert widely criticised as "racist", and said it was published because of a lack of cultural sensitivity.

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Ford (F) plans to design and manufacture a medium-sized pick-up truck that will be sold by Volkswagen within its commercial vehicles line-up, Amarok, beginning in 2022.

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Volkswagen's  management board on Thursday apologised for the company's publication of a racist advert and said the clip was published because of a lack of cultural sensitivity rather than because of racist intentions.

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Germany's car manufacturing industry supports tens of thousands of jobs and exports are vital to the country's economy, but it faces big challenges and some experts fear for its future.

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Volkswagen first ID.3 electric cars will lack key software features, denting a highly anticipated challenge to Tesla.
The post Volkswagen's First Real Bid To Unseat Tesla Will Be Incomplete At Launch appeared first on Investor's Business Daily.

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The vehicles include a new Ranger-based pickup for VW.

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As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory governance is rearing up again.

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Ford and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two automakers.

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Ford Motor Co  said on Wednesday it would expand its alliance with Volkswagen AG  to produce up to 8 million commercial vehicles.

News for Volkswagen AG Stock (VWAGY)