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.

A majority of workers at Volkswagen's Mexico unit did not approve a newly negotiated contract in a vote to approve the deal, the company said in a statement on Tuesday.

Volkswagen Mexico unit says workers reject new contract deal

Volkswagen has made some big changes to its ID.4 electric vehicle for 2023.

VW's electric ID.4 gets a price cut, and big changes

Volkswagen's controlling shareholder families aim to keep Europe's top carmaker on a shorter leash and want greater say over strategic matters in what marks a power play ahead of the planned listing of Porsche, people familiar with the matter say.

Porsche and Piech families seek driving seat at Volkswagen - sources

General Motors

Toyota Motor

A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy.

Automakers say U.S. Senate bill will 'jeopardize' 2030 EV targets

A group representing General Motors, Toyota Motor, Volkswagen and other major automakers warned late on Friday that a U.S. Senate Democratic proposal to revamp the $7,500 electric vehicle tax credit would make most models ineligible.

U.S. auto trade group warns EV tax proposal would make 70% ineligible

Volkswagen will offer a cheaper version of its ID.4 all-electric compact SUV that comes equipped with a smaller battery pack, a move aimed at attracting customers as inflationary pressures push vehicle prices higher. Volkswagen of America said Thursday it will sell three trims of the 2023 ID.

VW will roll out a cheaper 2023 ID. 4 EV this fall

Innoviz Technologies

Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion, the Israeli company said on Tuesday.

Lidar maker Innoviz signs $4 bln supply deal with Volkswagen

Lidar start-up Innoviz announces its third design win with an auto maker.

VW Selects Innoviz for Self-Driving Lidar Technology

Israeli lidar startup Innoviz will supply its lidar sensors and perception software to all vehicles with automated driving capabilities within Volkswagen group brands, the company said Tuesday. Innoviz will work directly with Cariad SE, VW's automotive software company, to integrate its technology into upcoming VW vehicles.

Innoviz lidar will be on all VW vehicles with automated driving capabilities

In May 2022 during its first quarter earnings call, Israeli lidar startup Innoviz announced that it had booked one of the largest automotive production design wins to date with a $4 billion order for its next-generation sensors.

VW's CARIAD Confirmed As Customer For InnovizTwo Lidar From 2025

Parent company Volkswagen Group may be investing more than $100 billion in bringing electric vehicles to market, but its supercar brand Lamborghini isn't sold. The niche automaker is awaiting direction from the European Union before decided whether to go all in on EVs, according to Lamborghini CEO Stephan Winkelmann.

Lamborghini to “wait and see” on EVs

The recent dismissal of Volkswagen Group CEO Herbert Diess has sent shockwaves through the automotive industry. Without Diess, will Volkswagen put such a clear focus on electrification, or will things swing back to more traditional drivetrains?

What Does Herbert Diess Departure Mean For Volkswagen's Electric Future?

Volkswagen AG (OTCPK:VWAGY) Q2 2022 Earnings Conference Call July 28, 2022 3:00 AM ET Company Participants Rolf Woller - Investor Relations Arno Antlitz - Chief Financial Officer Nicole Mommsen - Head of Global Group Communications Conference Call Participants Tim Rokossa - Deutsche Bank Patrick Hummel - UBS George Galliers - Goldman Sachs Jose Asumendi - JPMorgan Daniel Roeska - Bernstein Horst Schneider - Bank of America Daniel Schwarz - Stifel Harald Hendrikse - Morgan Stanley Charles Coldicott - Redburn Tom Narayan - RBC Stephen Reitman - Société Générale Richard Carlson - Credit Suisse Joe Miller - FT Rolf Woller Okay. I hope everyone can hear me loud and clear.

Volkswagen AG (VWAGY) Management on Q2 2022 Results - Earnings Call Transcript

Luxury British carmaker Bentley's first-half operating profit more than doubled, boosted by increased customisation of cars as sales rose significantly in Europe and Britain despite ongoing global economic uncertainty.

Bentley first-half profit more than doubles, boosted by customised cars

Preparation for a listing of Volkswagen's sportscar brand Porsche later this year is continuing, with a decision expected in late summer, the carmaker's chief financial officer said on Thursday.

Porsche listing plans on track, Volkswagen CFO says

BERLIN (Reuters) -The Volkswagen Group saw a 27.7% fall in operating profit before special items to 4.7 billion euros ($4.79 billion) in the second quarter, the carmaker reported on Thursday, as negative valuation effects from commodity hedging transactions weighed on results.

Volkswagen confirms outlook as operating profits tumble in Q2

Volkswagen is looking to sell its car assembly plant in the Russian city of Kaluga and a Kazakh auto maker could be a potential purchaser, Russia's Vedemosti newspaper reported on Wednesday.

Volkswagen seeks purchaser for Russian auto-making plant - newspaper

Volkswagen (VWAGY) begins producing ID.4 SUV at its Tennessee plant and hopes to generate more than 1K jobs. It is the first time the crossover SUV is assembled on US soil instead of Europe.

Volkswagen (VWAGY) ID.4 SUV Production in US to Create 1K+ Jobs

Volkswagen (VWAGY) CEO, Herbert Diess, will step down after ongoing tussle with labor unions over his strategies. Persistent software issues worsen matters.

Volkswagen (VWAGY) CEO to Resign, Porsche CEO to Take Over

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Volkswagen (VWAGY) Right Now?

Volkswagen AG said Tuesday it has begun U.S assembly of its electric compact SUV ID.4 at its plant in Chattanooga, Tennessee.

VW begins U.S. production of EV compact SUV in Tennessee

Volkswagen investors polled by Bernstein Research were split on whether an IPO of sportscar brand Porsche should go ahead after Friday's announcement of a leadership change at the helm of Europe's top carmaker, results showed on Tuesday.

Volkswagen investors split on whether Porsche IPO should go ahead - Bernstein poll

Tesla

The "front lines" of the BEV (Battery Electric Vehicle) wars are being waged in Norway, where 64% of all vehicles on the road are now BEV. In addition, in any given month, 80% to 90% of all new car sales are BEVs. This moves the country forward rapidly to its goal of zero-emission vehicles.

Tesla And Volkswagen: Report From A Country With 64% BEV Adoption

Volkswagen investors believe incoming CEO Oliver Blume will struggle to lead both the Volkswagen Group and Porsche - and to pull off a planned listing of the sports car maker while wearing both hats.

Volkswagen investors question plan for CEO to lead Porsche listing

A software spat probably triggered the demise of VW's Diess but he was probably the victim of the structure which allows politicians and unions a veto over strategic decisions. Big tasks for his replacement include how to develop software and the struggling businesses in China and the U.S.

News for Volkswagen AG Stock (VWAGY)