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About 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, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment covers the development of vehicles and engines; 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 light commercial vehicles, 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, turbo compressors, industrial turbine,s and chemical reactor systems; and the production of gear units, propulsion component,s and testing systems. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.
CEO
Herbert Diess
Employees
0
Headquarters

Berliner Ring 2
Wolfsburg, Niedersachsen (Lwr
Phone: 49.5361.9.0
http://www.volkswagen.de

News

Nio Stock Stumbles as European Union Levies New Chinese EV Tariffs
Jun 12, 2024 14:37pm

Nio (NYSE: NIO ) stock is falling on news the European Union will move forward with new tariffs on Chinese electric vehicles (EVs). Europe will impose tariffs of up to 38% on cars imported from China. This comes a month after the U.S. imposed a tariff of 100%. But it’s more relevant because Nio is seeking to sell its cars in Europe, not the U.S. Nio has been falling since it reported a loss of $676 million for its most recent quarter on sales of $1.37 billion , converted from Chinese Yuan. After earnings, Barclays repeated its “ underweight” rating on the stock. NIO stock opened in New York this morning at $4.40 per share, a market capitalization of slightly over $10 billion. Nio Sees a Stop Sign Nio has already responded by shuffling its sales team, with special emphasis on the Middle East . The new head of the Middle East division helped launch Nio in Europe back in 2020. Nio said it delivered 20,544 cars in May and has now shipped 66,217 for all of 2024. That’s 51% higher than its shipment rate in 2023.


Source:InvestorPlace
Shares of Porsche, VW and other European carmakers fall following reports of ''dieselgate'' lawsuits in Britain
Jun 12, 2024 10:26am

The "dieselgate" emissions scandal refers to reports that first surfaced in 2015 Volkswagen had been caught cheating on emissions tests in the U.S.


Source:CNBC
European car manufacturers fall following UK dieselgate lawsuits
Jun 12, 2024 07:59am

Shares in European car manufacturers dropped on Wednesday, led by declines in major brands such as Volkswagen and BMW , ahead of possible lawsuits in Britain over emissions tests that could cost companies over $7.5 billion.


Source:Reuters
Mexico to review alleged labor rights violations at Volkswagen facilities
Jun 11, 2024 17:36pm

https://www.investing.com/news/stock-market-news/mexico-to-review-alleged-labor-rights-violations-at-volkswagen-facilities-3479965


Source:Investing.com
First chapter of Volkswagen Experiences flagged off
Jun 11, 2024 14:51pm

First chapter of Volkswagen Experiences flagged off


Source:India Today
Volkswagen and Isuzu Chill South Africas EV Ambitions
Jun 11, 2024 14:30pm

Major car manufacturers Volkswagen and Isuzu Motors do not have immediate plans to make electric or hybrid vehicles in South Africa despite generous tax breaks the country introduced earlier this year. South Africa said in February that companies that invest in the production of electric vehicles (EVs) in the country would be able to claim a 150% tax deduction on these investments, beginning in 2026. The country aims to attract EV manufacturing and incentivize its EV and hydrogen industries, which are relatively small and underdeveloped.


Source:OilPrice com
Volkswagen looks to brighten up electric car sales with solar panels
Jun 11, 2024 10:06am

Volkswagen is aiming to increase its appeal to EV customers by offering them the chance of taking a solar panel deal to cut the cost of recharging.


Source:Euronews
Volkswagen, Isuzu slam government’s electric vehicles plan
Jun 11, 2024 07:08am

Volkswagen and Isuzu Motors have expressed scepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries.


Source:Daily Investor
Volkswagen, Isuzu Pour Cold Water on South Africa’s EV Ambitions
Jun 11, 2024 05:29am

Volkswagen AG and Isuzu Motors Ltd. have expressed skepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries.


Source:Financial Post