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.

German automaker Volkswagen will temporarily close its factories in Mexico's Puebla and Guanajuato states in a bid to preserve public health, the company's Mexican unit said in a statement on Friday, amid growing worries over the spread of the coronavirus.

Volkswagen to close factories in Mexico to protect public health

German carmaker Volkswagen  said on Friday it was joining other manufacturers around the world to explore using 3D printing to make hospital ventilators to combat the coronavirus.

Volkswagen tests ventilator output as carmakers join coronavirus fight

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The trade group for U.S. auto parts makers on Thursday asked the government for emergency grants “to keep the doors open,” tariff relief and other assistance to cope with mounting pressures from the coronavirus crisis.

U.S. auto suppliers seek government aid to cope with coronavirus hit

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Automakers need to brace up for a prolonged period of weakness, with sales likely to face the heat at least till the first half of this year.

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While European carmakers like Volkswagen and BMW are already warning a difficult year ahead, there are concerns about sustained economic impacts.

Coronavirus Wrecks Europe Auto Industry: Rough Road Ahead

VW is shutting down in Europe, and it can't even guess how much it'll cost.

Why Shares of Volkswagen Are Dropping Hard Today

Volkswagen AG ADR (VWAGY) CEO Herbert Diess on Q4 2019 Results - Earnings Call Transcript

Volkswagen Group announced Tuesday it will suspend production at its manufacturing plants across Europe, starting this week, in response to the spread of coronavirus.

Coronavirus Shutdowns: Volkswagen Group Suspends All European Production

Volkswagen tried to put a brave face on its prospects for this coronavirus threatened year, saying 2020 will be very difficult, but nonetheless it still expects 4% higher revenue growth on flat sales, while operating profits should reach between 6.5 and 7.5%.

VW Holds To Financial Targets, As It Shutters European Plants Temporarily

Volkswagen  will raise the amount of nickel used in it electric car battery cells to 80% in the next year from 65% at present, Frank Blome, head of battery cells at the carmaker said on Tuesday.

VW to start using high-nickel batteries for electric car

CEO: Production will be halted for at least two weeks.

Volkswagen to Shut Down European Production as Coronavirus Worries Mount

The short summary: 2019 was good, 2020 will be hard.

Volkswagen Reports Strong 2019 Results as It Braces for Coronavirus Shutdowns

Volkswagen CEO Herbert Diess this week announced plans to suspend production at European factories, over COVID-19 fears. The news will impact a number of prominent makes under the umbrella of the world’s largest car maker by sales.

Volkswagen prepares to halt production at European plants, likely for a few weeks

Volkswagen is preparing to suspend production across Europe as the continent struggles to contain the coronavirus pandemic.

The world's biggest carmaker is shutting down in Europe

Volkswagen  said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows to continue until 2021, adding that these have already been provisioned for.

Volkswagen says diesel scandal has cost it 31.3 billion euros

Volkswagen Group , the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday.

Volkswagen suspends production as coronavirus hits sales

Volkswagen  said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects costs to rise by another 4.1 billion euros, Chief Financial Officer Frank Witter said on Tuesday.

Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021

Volkswagen has announced it is preparing to temporarily shut down most of its European plants in the wake of the coronavirus pandemic.

Volkswagen to suspend production in Europe, warns of 'very difficult' year

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Europe is starting to shut down, and that will be very expensive.

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Apart from the ID.3, Volkswagen (VWAGY) is also set to introduce the first electric SUV produced with a neutral carbon balance onto the roads with the ID.4 by the end of 2020.

Volkswagen to Step Up EV Competition With ID.3 Summer Launch

Volkswagen's Autoeuropa car assembly plant near Lisbon has reduced its daily output by 16% because of a shortage of workers after Portugal ordered all schools closed amid the coronavirus outbreak, the plant said on Monday in a statement. ´

Volkswagen's Portugal plant reduces output by 16% due to coronavirus

Volkswagen  is preparing to suspend operations at its manufacturing plant in Bratislava, the company said on Sunday, after Slovakia declared a state of emergency due to the coronavirus outbreak.

Volkswagen says preparing to suspend production at Bratislava plant

As political action and media coverage of the coronavirus crisis grows more worrisome, it may be some comfort to investors in auto manufacturers that the latest attempts to gauge the impact on car and SUV sales in Europe shows little change from a month ago’s consensus for an up to 5% fall in 2020.

European Auto Sales Forecasts Consistent Despite Virus Worries, But Expect More Intelligence From VW, BMW This Week

The main plant of Volkswagen AG's  Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday.

Volkswagen's Spanish unit SEAT to stop on Monday: spokesman

Good earnings from BMW helped the sector bounce back.

News for Volkswagen AG Stock (VWAGY)