|Bid||790.00 x 1000|
|Ask||792.00 x 1000|
|Day's Range||786.00 - 786.00|
|52 Week Range||660.00 - 846.00|
|Beta (3Y Monthly)||0.24|
|PE Ratio (TTM)||9.99|
|Forward Dividend & Yield||3.90 (0.50%)|
|1y Target Est||809.00|
Oct.08 -- While you were busy reading Elon Musk’s tweets, Audi AG was unveiling its Tesla challenger, the E-tron. One of the most interesting bits of the glitzy launch concerned simply plugging the thing in: The carmaker, it turns out, has teamed up with Amazon.com Inc. to install home chargers for E-tron buyers. Bloomberg NEF analyst Nat Bullard has more on "Bloomberg Technology."
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said he will present the details of Audi’s strategic realignment at the general meeting in May. The company said it is negotiating with labor representatives about plant allocations and other things. Parent Volkswagen said this week that it plans to cut up to 7,000 administrative jobs at its namesake brand amid efforts to slash costs and free up cash for investments into electric and self-driving cars. Audi said it expects deliveries to rise moderately this year and forecast and adjusted operating margin of between 7% and 8.5%.
Audi earnings fell in 2018, hit by costs related to stricter emissions-testing rules in Europe and the outfall from parent Volkswagen’s diesel scandal.
The biggest threat to Volkswagen's 2019 profit is potential tariffs from the United States, Chief Executive Herbert Diess told the Financial Times. "It's becoming tense once again," Diess told the FT. Analysts at London-based Evercore ISI said tariffs could cost Volkswagen 2.5 billion euros ($2.8 billion) a year, about 13 percent of expected earnings.
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By Yilei Sun and Adam Jourdan BEIJING (Reuters) - Volkswagen AG's (VOWG_p.DE) China venture with SAIC Motor Corp Ltd has started building a $2.5 billion (1.9 billion pounds) new energy vehicle (NEV) plant ...
Electric carmaker Tesla Inc said http://bit.ly/2NCbs1r orders for cars placed by Oct. 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year. Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.
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Audi AG has appointed Thomas Owsianski as new head of the brand's China operations as part of a planned leadership change for its China business, Audi said on Wednesday in a statement. Owsianski, 51, replaces Joachim Wedler who has served as the German luxury brand's China chief since 2015 and plans to retire by the end of this year. The appointment was effective as of Wednesday, according to Audi, a key Volkswagen Group premium car brand.
In many ways, the "Dieselgate" scandal of 2015 had come to redefine the credibility of the auto industry of Germany, as auto major Volkswagen admitted to using an illegal software patch to help its diesel engines to cheat emissions tests. The industry has been toeing the line of fire ever since, with the limelight falling on Volkswagen's luxury car segment Audi (OTCMKTS: AUDVF) and its competitor Daimler (OCTMKTS:DDAIF). Quite recently, Audi's CEO Rupert Stadler was arrested on charges of suppressing evidence relating to the emissions test scandal.
Cognata said its simulation platform virtually recreates real-world cities, provides a range of testing scenarios, including traffic models that simulate realistic conditions, prior to physical roadway tests of autonomous vehicles. Audi, through its self driving car unit Autonomous Intelligent Driving GmbH (AID), is the first major carmaker to sign a multi-year partnership on Cognata's platform, which will help it reduce the time to get its autonomous cars to market.