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 "The Last Mile" campaign says goodbye to the Beetle, which was discontinued in 2019.

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Volkswagen (VWAGY) plans to invest Euro 33 billion in e-mobility throughout the group by 2024, which includes Euro 11 billion in the Volkswagen brand.

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Volkswagen increased another target for the production of electric cars as the Ford partner spends massively on electrification. 
The post The World's Biggest Carmaker Gets More Aggressive Again On Electric Cars appeared first on Investor's Business Daily.

The World's Biggest Carmaker Gets More Aggressive Again On Electric Cars

In September, Volkswagen introduced its new all-electric ID.3 sedan, along with a plan to have the car on the road by the summer of 2020.

VW Accelerates Electric Vehicle Outlook

Volkswagen  said on Friday that it would reach a key target in the production of electric autos earlier than previously anticipated.

Volkswagen ahead of schedule in electric cars production

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German car-maker Volkswagen has been ordered this morning by the Federal Court of Australia to pay A$125 million (near $86.2 million) in fines for making false statements about its cars to Australian consumers.

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Volkswagen AG  took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.

Volkswagen takes one-two punch in Australia with fine, regulatory proceedings

The head of Australia's competition regulator on Friday said a record fine of A$125 million ($86 million) imposed on Volkswagen AG  was just a taste of what companies could expect in the future.

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Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG  for allegedly not making appropriate checks before giving out 49,380 loans to consumers.

Australian watchdog sues Volkswagen unit for lapses in loan due diligence

Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in court against a unit of Volkswagen AG  for allegedly not making appropriate checks while providing consumer loans.

Australian watchdog sues Volkswagen unit for lapses while providing loans

In May 2019, Volkswagen (FRA:VOW) announced that it was looking for potential buyers for its ship engine and power generator business, MAN energy solutions.

Volkswagen to Sell MAN Energy Solutions and Focus on Electric

Volkswagen  has attracted bids from Europe's Innio, Japan's Mitsubishi Heavy  and U.S.-based Cummins  for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said.

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Volkswagen's  namesake core brand is on track to post a record operating profit this year thanks to cost savings and its increased sales of sports utility vehicles (SUV's), a senior manager of the unit said.

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Volkswagen Group and Qatar have agreed to develop a public transit system of autonomous shuttles and buses by 2022 for the capital city of Doha.

Volkswagen to bring self-driving electric shuttles to Qatar by 2022

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German automaker Volkswagen AG  on Monday was charged with importing nearly 128,000 vehicles into Canada contravening the country's environmental legislation, a Canadian government agency said on Monday.

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Volkswagen's  German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023.

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German public prosecutors raided the Wolfsburg headquarters of Volkswagen  on Tuesday in the latest investigation into the carmaker's diesel emissions scandal.

Volkswagen headquarters raided again over diesel scandal

Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen  as part of the investigation into the car maker's diesel scandal.

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VW’s group CIO, Martin Hoffman, is part of a team leading an ambitious plan to infuse the auto giant’s plants with cloud-powered intelligence against a backdrop of mass layoffs in the German car industry.

News for Volkswagen AG Stock (VWAGY)