|Bid||756.00 x 1000|
|Ask||768.00 x 1000|
|Day's Range||756.00 - 756.00|
|52 Week Range||660.00 - 846.00|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||8.43|
|Forward Dividend & Yield||3.90 (0.51%)|
|1y Target Est||809.00|
Permanently-drawn curtains on the city’s empty luxury high-rises and dust gathering over shuttered storefronts in the Beirut Souks mall offer a glimpse of the economic gloom gathering over one of the world’s most indebted countries. It’s what Houssam Batal, chief executive officer of Premium Projects, calls the “almost catastrophic scenario” confronting Lebanon’s real estate sector. “We’ve witnessed a delay in collection and had a very hard time to sell,” said Batal, whose development and construction company’s main focus is high-end central Beirut.
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 ...
Volkswagen AG's China venture with SAIC Motor Corp Ltd has started building a $2.5 billion new energy vehicle plant in Shanghai, which will make VW's luxury Audi AG brand cars, a possible first for the ...
German prosecutors have issued a 800 million euro fine against Audi concluding regulatory offence proceedings over the premium-car maker’s diesel cars, parent company Volkswagen said Tuesday.
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.
Volkswagen said that Rupert Stadler, the imprisoned chief executive of its luxury brand Audi, will leave both companies immediately. The company didn’t immediately name a successor.
The decision was expected to come at regular meeting of Volkswagen’s directors in Wolfsburg on Friday, but was delayed over technical issues and concerns, especially among state officials on Volkswagen’s board, about igniting a public debate over what is likely to be a large severance package for Mr. Stadler, the people said. Directors will meet again on Tuesday to continue the discussion about Mr. Stadler, the people said, adding that none of the board members is advocating against terminating his contract. “It is out of the question that Rupert Stadler can come back from this,” one of the people said.
Customers like Tom Richmond could become a problem for Elon Musk and the future of Tesla Inc. The consumer-products consultant is selling his Tesla Model 3 sedan and replacing it with a Jaguar I-Pace, a new sport-utility vehicle arriving in a few weeks that, he said, has a romantic British sports-car heritage, luxurious interior—and runs on electricity. The I-Pace, which starts at about $70,000 and arrives in U.S. showrooms this fall, represents the first of a long-promised assault by European luxury auto makers to challenge Tesla with their own high-end, long-range electric vehicles.
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WOLFSBURG, Germany—Nearly three years after U.S. authorities charged Volkswagen AG for cheating on emissions tests, the German auto maker is only starting to implement changes needed to prevent another scandal, according to a report by a government-appointed monitor. The report, published on Monday, is the work of Larry Thompson, a former deputy U.S. attorney general appointed by the Justice Department as independent compliance auditor after Volkswagen pleaded guilty to violations in connection with the diesel scandal. Mr. Thompson criticized the company for being insufficiently transparent, citing a “reluctance to share certain information.” Volkswagen, he wrote, routinely “included the use of redactions” in documents provided to the auditor, with company officials often invoking attorney-client privilege and German privacy laws.
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.
German carmaker Audi AG has partnered with autonomous vehicle simulation platform provider Cognata Ltd to speed up the development of autonomous vehicles, the Israel-based startup said on Tuesday. Cognata ...
SEOUL, South Korea (AP) — Hyundai Motor Group said Wednesday it signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell.
The arrest and detention of Audi's (NSUG.DE) chief executive forces Volkswagen Group's (VOWG_p.DE) competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. Volkswagen's (VW) directors are discussing how to run Audi, its most profitable division, following the arrest of the brand's long-time boss on Monday as part of Germany's investigations into the carmaker's emissions cheating scandal.
The arrest and detention of Audi's (NSUG.DE) chief executive forces Volkswagen Group's (VOWG_p.DE) competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. Volkswagen's (VW) directors are discussing how to run Audi, its most profitable division, following the arrest of the brand's long-time boss on Monday as part of Germany's investigations into the carmaker's emissions cheating scandal. VW has insisted the development of illegal software, also known as "defeat devices" was the work of low level employees, and that no management board members were involved.
Audi on Tuesday said it has suspended Chief Executive Rupert Stadler and appointed sales executive Abraham Schot as an interim replacement with immediate effect, a day after Stadler's arrest in connection with a diesel probe. "Stadler has requested that the Supervisory Board release him from his position in the Board of Management of AUDI AG and in the Board of Management of Volkswagen AG," Audi said in a statement.
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."