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.

More than half the money Volkswagen Group spends in the next five years will go towards electric vehicles and other high-technology efforts, the German automaker announced Thursday.

Volkswagen increases spending on EVs to $100 billion

Volkswagen's U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for tampering with vehicle emissions controls in diesel vehicles.

VW to pay $3.5 million to resolve Illinois diesel lawsuit

Volkswagen is readying its battery unit for a partial sale or listing and has agreed to convert it into a so-called European company, or Societas Europaea, to provide the conditions for such a move, CEO Herbert Diess said.

Volkswagen prepares battery division for capital markets - CEO

Volkswagen on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50% to 52 billion euros ($59 billion) by 2026 as part of the group's far-reaching transformation.

Volkswagen ramps up e-mobility spending to $59 billion by 2026

HAMBURG (Reuters) -Volkswagen's supervisory board will provide details on Thursday on the future responsibilities of CEO Herbert Diess, which are likely to be curtailed as a result of an ongoing clash with the firm's works council, a person familiar with the matter said.

Volkswagen board to provide details on CEO's future powers - source

FREYR Battery SA (NYSE: FREY) welcomes strategic partnership and investment between its partner, 24M Technologies, Inc., and Volkswagen Group (OTC: VWAGY) to manufacture next-generation lithium-ion EV batteries using 24M's SemiSolid platform.  The partnership is focused on developing production technology for SemiSolid battery cells for use in VWAG electric vehicles.

FREYR's Partner 24M Technologies Inks EV Battery Deal With Volkswagen

(Kitco News) - Vulcan Energy, a lithium developer focused on projects in Europe, announced today that it has signed a binding lithium hydroxide offtake agreement with the Volkswagen Group, the world's largest automaker by revenue and the largest company in Germany.

Vulcan Energy inks lithium offtake agreement with Volkswagen

Volkswagen AG's Americas chief sees the global chip shortage lasting into the third quarter of next year, but believes the auto industry will maintain the discipline that has led to strong vehicle pricing and corporate profits even when the flow of semiconductors returns to normal.

VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins

Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040. The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy […]

Volkswagen closes three new partnerships to amp up EV production

The luxury-car unit could be valued at between €45 billion and €90 billion.

Volkswagen Considers Porsche IPO to Fund Electric-Vehicle Transition

WOLFSBURG, Germany & CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #EVs--Volkswagen Group and 24M have entered into a strategic partnership to produce next-gen lithium-ion EV batteries using the 24M SemiSolid™ platform.

Volkswagen Group and 24M Technologies to Partner on Next-Gen EV Battery Manufacturing

Volkswagen, Europe's biggest carmaker, is still looking into floating its luxury sports car brand Porsche on the stock market, as a means of funding a shift to the production of electric vehicles, according to media reports. Porsche could be worth between €45bn and €90bn (£38bn and £77bn) as a standalone company, Reuters reported.

Volkswagen considering Porsche IPO to fund switch to EVs – reports

Luxury car unit could be valued at between $45 billion and $90 billion

Volkswagen Mulls Porsche IPO to Fund Electric Vehicle Transition

Lithium developer Vulcan Energy Resources has secured Volkswagen as an additional car industry customer for its environmental-friendly lithium hydroxide for automotive batteries.

Lithium extraction company Vulcan adds VW to customer line-up

Umicore SA

Umicore plans to establish a battery materials venture to supply Volkswagen's battery cell production as the German carmaker expands electric vehicle output, the Belgian chemicals and recycling company said on Wednesday.

Belgium's Umicore plans battery material venture to supply Volkswagen

Porsche Automobil Holding SE

Volkswagen is exploring a possible initial public offering (IPO) of luxury brand Porsche AG as an option to pay for its pricey transition to a focus on software and electric vehicles, two people who are aware of the talks told Reuters Tuesday (Dec. 7). There have been rumors about a Porsche IPO for a while, […]

Volkswagen Considering Taking Porsche Public

Porsche is the name of the day as rumors swirl over a possible IPO. POAHY stock is up big today as the chatter continues to heat up.

Is VW Still Considering Porsche IPO? Speculation Drives POAHY Stock Higher.

Speculation about listing comes amid reports of Porsche and Piëch families considering their VW stake

Volkswagen mulling Porsche IPO to help fund shift to electric – reports

BERLIN/HAMBURG (Reuters) -Volkswagen is still exploring a possible initial public offering of its luxury brand Porsche AG as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters on Tuesday.

Volkswagen exploring IPO of luxury carmaker Porsche -sources

"It is going in the direction that the dispute will be settled and Diess will remain CEO, the source said.

VW reportedly settles power struggle, Herbert Diess to remain CEO

The dispute between Volkswagen Chief Executive Herbert Diess and the carmaker's powerful works council seems to have been resolved, with Diess most likely keeping his job, a source familiar with the discussions told Reuters on Monday.

VW settles power struggle, Diess to remain CEO - company source

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Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers are open to trying new brands. What's true for startups, though, is also true for big automakers like Ford, General Motors and Volkswagen.

Ford, General Motors and Volkswagen are cashing in on the electric vehicle hype

A decision on the future of Volkswagen CEO Herbert Diess, previously expected by the end of the week, could be delayed further, three sources close to negotiations told Reuters on Friday, and discussions may drag into next week.

Negotiations on future of Volkswagen CEO could drag into next week - sources

Volkswagen Group (OTC: VWAGY) sold more locally made electric vehicles in China last month than the delivery volumes clocked by key rivals Nio Inc (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) -- but these numbers fell short of Xpeng Inc's (NYSE: XPEV) pole position.  What Happened: The German automaker said it sold 14,100 units in November.

Volkswagen Outdoes Nio In China EV Deliveries With ID. Series But Falls Short Of Another Key Rival

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The US is lagging behind in the electrification of new cars. While new government policies could help to close the gap, a full shift to electric vehicles will take many years and require massive investment.

News for Volkswagen AG Stock (VWAGY)