|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||200.09 - 205.25|
|52 Week Range||165.90 - 350.93|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||5.11|
|Forward Dividend & Yield||7.83 (3.96%)|
|Ex-Dividend Date||May 13, 2022|
|1y Target Est||N/A|
Volkswagen AG’s (OTC: VWAGY) workers in the Mexico factory are set to hold a new contract vote after rejecting the initial agreement with the management of a 9% raise, Reuters reported. The initial deal between the company and its Independent Union of Automotive Workers (SITIAVW) failed to gain the approval of its workers. The report noted that the deal, if approved, would have been the biggest automaker raise in Mexico in recent years, covering about 7,000 people in the state of Puebla. SITIAVW
Workers at Volkswagen's main Mexico factory will be asked to vote again on whether to approve their union's deal with management for 9% raises after initially rejecting the agreement, the union said on Monday. The plant's Independent Union of Automotive Workers (SITIAVW) reached a deal with the company for what would have been the biggest automaker raise in Mexico in recent years, covering some 7,000 people in the central state of Puebla, but the plan failed to pass a worker's vote needed for approval. SITIAVW, one of Mexico's strongest independent unions, initially sought a raise above 15%, citing inflation.
Volkswagen AG and Mahindra & Mahindra on Monday expanded their cooperation and signed a term sheet under which the German carmaker will supply electric components to its Indian peer. The agreement covers components of Volkswagen's open platform for electric vehicles (EVs), called MEB, to be supplied to Mahindra's new electric platform INGLO, the companies said.