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.

Ford Motor Company

Ford Motor Co. F, -3.85% and Volkswagen AG VLKAF, -1.12% VOW, -0.76% announced Wednesday agreements for projects to make electric vehicles, commercial vehicles and for autonomous driving vehicles.

Ford, Volkswagen to team up on electric, commercial and autonomous vehicles

On Saturday, Volkswagen AG (OTC: VWAGY) announced it was considering further cost cuts in order to cope with the downturn.

Volkswagen Cuts Costs, Targets Electric Future

Volkswagen  Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.

Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks

In a statement on Monday, Volkswagen Group (ETR: VOW) said that its current Chief Executive Officer (CEO) of the VW car brand, Herbert Diess, will step down on 1st July. The company also named Ralf Brandstaetter as the new CEO to replace Diess.

Volkswagen names Ralf Brandstaetter as the new CEO of its core VW car brand

Volkswagen  on Monday named Ralf Brandstaetter as the new chief executive (CEO) of its core VW car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group, the carmaker said.

Volkswagen replaces Herbert Diess as CEO of VW brand

Volkswagen's  supervisory board will discuss the leadership of the company's core VW brand at an extraordinary meeting due to be held on Monday, sources familiar with the discussions told Reuters.

Exclusive: Volkswagen supervisory board to discuss VW brand leadership - sources

Volkswagen  is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.

Volkswagen considering more cost cuts to cope with downturn

Both automakers this week announced significant job cuts to reduce costs and right size operations due to weakening demand for their vehicles.

Bentley and Aston Martin cutting jobs as coronavirus derails luxury car market

Volkswagen  on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May.

Volkswagen resumes deliveries of its Golf 8 after software glitch

British automakers Bentley, Aston Martin and McLaren have announced nearly 3,000 job cuts over the past two weeks as the coronavirus pandemic hammers sales of luxury cars.

Job cuts: Bentley, Aston Martin and McLaren slash thousands of jobs

Volkswagen  has completed an internal report into  how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings will be released once its management board has reviewed the matter.

Volkswagen board to review internal probe into racist car ad

German car maker Volkswagen AG  said on Friday that it had added two members to the executive committee of its supervisory board.

Volkswagen AG expands executive committee of supervisory board

Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported on Thursday.

Luxury carmaker Bentley to cut about 1,000 jobs in UK: BBC

Volkswagen  is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday.

Volkswagen resumes deliveries of Golf 8 after software fix

Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen's  electric push while staggered taxes for polluting combustion-engined cars will penalise sports utility vehicles.

German auto stimulus to boost Volkswagen's electric push

Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.

Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal

Volkswagen AG has closed on its $2.6 billion investment in Argo AI, the Pittsburgh-based autonomous vehicle startup announced in a blog post Tuesday.

Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Automaker Ford Motor Company (NYSE: F) and European rival Volkswagen have finalized a $2.6-billion joint investment in Argo AI to explore autonomous vehicle technologies in the U.S.

Ford Exec Says $2.6B Autonomous Development Deal With Volkswagen Makes Dearborn 'Relevant In Changing World'

Volkswagen  Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday citing company sources.

Volkswagen to install Porsche's CEO as VW brand chief: Auto Motor and Sport

German car manufacturer, Volkswagen AG (ETR: VOW) said on Tuesday that it closed its investment worth £2.07 billion in Argo AI. Founded in 2016 by Peter Rander and Bryan Salesky, Argo is a Pittsburgh-based startup that focuses on self-driving technology.

Volkswagen closes its investment worth £2.07 billion in Argo AI

Volkswagen Group finalized Tuesday its $2.6 billion investment into Argo AI, the Pittsburgh-based self-driving car startup that came out of stealth in 2017 with $1 billion in backing from Ford. The deal turns Argo into a global company with two customers — VW and Ford — as well as operations in the U.S.

Self-driving vehicle startup Argo AI completes $2.6B deal with Volkswagen, expands to Europe

The $2.6B investment deal that gives Volkswagen an equal stake in Argo AI along with Ford has closed as Argo expands into Europe

Ford-Volkswagen-Argo Investment Deal Closes, Argo AI Expands To Europe

The Mexican unit of Germany's Volkswagen AG said on Monday the automaker was ready to restart operations in the states of Puebla and Guanajuato on June 15 after activity was idled in late March due to the coronavirus pandemic.

Volkswagen says ready to restart Mexico operations on June 15

A U.S. appeals court ruled Monday Volkswagen AG may face "enormous" additional liability in the "Dieselgate" scandal finding that two counties can enforce regulations against the German automaker for tampering with post-sale vehicles.

U.S. appeals court: Volkswagen may face 'enormous' diesel liability

Volkswagen has struck a deal to invest $2.3 billion in two separate Chinese electric vehicle businesses.

News for Volkswagen AG Stock (VWAGY)