|Bid||47.90 x 2000|
|Ask||48.00 x 32100|
|Day's Range||47.80 - 48.10|
|52 Week Range||38.30 - 53.00|
|Beta (5Y Monthly)||0.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 10, 2021|
|Forward Dividend & Yield||0.11 (0.23%)|
|Ex-Dividend Date||Dec 03, 2020|
|1y Target Est||84.43|
Volkswagen Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday. The public acknowledgment that Diess had been forced to apologise to the 19-member board of directors amounts to a severe admonishment of Diess, who had his portfolio of responsiblities curtailed on Monday. "The members of the Supervisory Board accepted the apology of Dr. Diess, and will continue to support him in his work," the statement added.
Volkswagen's chief executive called for a broad stimulus package to revive the auto industry and the economy even as he defended the carmaker's intention to pay a dividend. Diess reiterated the carmaker's intention to pay a dividend for 2019 but said the company would consider cutting bonuses and shrinking the dividend if the carmaker ended up taking state aid.