|Bid||141.90 x N/A|
|Ask||142.15 x N/A|
|Day's Range||138.70 - 146.15|
|52 Week Range||138.70 - 217.00|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||5.60|
|Earnings Date||Oct 29, 2020|
|Forward Dividend & Yield||8.70 (5.94%)|
|Ex-Dividend Date||May 15, 2023|
|1y Target Est||179.30|
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While Tesla Inc (NASDAQ: TSLA) continues to expand its fleet with a range of electric models that suit various business needs, legendary automakers are pressured to play catch up or at least try to do so. Ford Motor (NYSE: F) is the first automaker to gain direct access to Tesla’s Supercharging infrastructure, with its vehicles planned to contain Tesla’s charging DNA as of 2025 at which point they won’t even be needing an adapter to use Tesla Superchargers built around the NACS standard. With th
Benzinga Advance Auto Parts Stock Gets Hammered After Q1 Earnings: Here’s Why Advance Auto Parts Inc (NYSE: AAP) shares are plunging Wednesday morning as its first-quarter results missed expectations. The company also reduced its full-year guidance and decided to reduce its quarterly dividend. AAP reported first-quarter FY23 sales growth of 1.3% year-on-year to $3.42 billion, missing the analyst consensus estimate of $3.43 billion. The revenue increase was driven by new store openings and was of
Volkswagen AG (OTC: VWAGY) plans to focus solely on profitability amid cutthroat competition from the Chinese automakers. Volkswagen said it would not participate in the discount battle like its Chinese competitors, who are more successful with electric cars than their Western rivals, Reuters reported citing a statement from Chief Operating Officer Ralf Brandstaetter. Instead of expanding its market share and sales volume, the German carmaker plans to leverage its strong market position to build
Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker's biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage have eased, a senior executive said. Imelda Labbe, who is part of the management board of the Volkswagen brand, said in an internal interview seen by Reuters that Volkwagen's German plants were significantly better utilised than in 2022. "Our production network in Germany was hit particularly hard by the consequences of the corona pandemic, the global chip crisis and the Ukraine war," Labbe said.
BERLIN (Reuters) -Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday. The German carmaker is under growing pressure in its most important market from up-and-coming Chinese manufacturers who are more successful with electric cars than their Western rivals. Brandstaetter expects the Chinese car market to grow from its current 22 million to between 28 to 30 million by 2030.
After decades of trying to sell German engineering to Americans only to end up with a tiny slice of the world’s most profitable car market, Volkswagen has a new strategy: Revive a once-beloved brand that hasn’t produced cars since 1980.
Foreign makers have been caught out by speed of transition to electric vehicles and rapid rise of domestic rivals
The UK’s first ID Buzz campervan is available to rent. On a test-drive in Sussex, it charms both passengers and passers-by
Automakers, including Toyota and Volkswagen, should decarbonise their steel supply and cut back on the material's consumption by reducing the size of vehicle models, Greenpeace said on Thursday. The world's 16 biggest automakers consumed 40 to 67 million tonnes of steel in 2021, Greenpeace said, estimating that the carbon footprint of the steel materials these car manufacturers used could have been at least 77 million tonnes of carbon dioxide (CO2) in that year.
Volkswagen AG Unsponsored ADR (VWAGY) closed the most recent trading day at $15.86, moving -1.55% from the previous trading session.
Volkswagen AG (OTC: VWAGY) has completed the sale of its assembly plant and other operations in Russia Art-Finance LLC, which the Russian Dealer Avilon supports. With the registration of the transaction, ownership of the shares held by Volkswagen Group Rus LLC and its subsidiaries are transferred to the buyer. The transaction includes the production facilities in Kaluga, the importer structure and the warehousing and financial services activities with all its associated employees. Also Read: Vol
RYI, ROL and VWAGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 22, 2023.
Top car stocks for the second quarter include Ferrari NV (RACE), Stellantis NV (STLA), and Mercedes-Benz Group AG (MBGYY). Car stocks, as represented by the S&P 1500 Automobiles Industry Index benchmark, have fallen 40% in the past 12 months compared with a 2% gain for the Russell 1000. Here are the top three car stocks with the best value, the fastest growth, and the best performance.
The Ontario government on Friday offered to increase financial support for carmaker Stellantis's battery plant in the province, a move Canada's industry minister proclaimed a sign of progress in ending a stalemate over the stalled project. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES), saying Canada had not fulfilled promises. Stellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies.
Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by autodealer group Avilon, VW said in a statement.
Volkswagen AG Unsponsored ADR (VWAGY) closed the most recent trading day at $16.06, moving +1.91% from the previous trading session.
BERLIN (Reuters) -German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal memo from VW brand chief Thomas Schaefer seen by Reuters on Wednesday. The core brand's target was a return on sales of 6.5%, compared with the 3% achieved in the first quarter of this year, he said. Handelsblatt business daily first reported the plans, saying they involved cost savings and were designed to increase annual results by at least 3 billion euros.
Another week, another milestone on the EV journey. Tesla Inc (NASDAQ: TSLA) took an interesting turn by including advertising in its strategy. A disruptive automotive parts player, Worksport Ltd (NASDAQ: WKSP) made another important step towards launching its promising solar-powered equipment. Meanwhile, traditional automakers such as General Motors (NYSE: GM) and Volkswagen AG (OTC: VWAGY) are facing increasing pressure to accelerate their EV progress. Tesla 2023 Shareholder Meeting During its
Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday a strategic investor could be found for the automaker's battery business PowerCo by 2024, with a potential listing to come later. Onlookers "shouldn't be surprised if in 2024 there might be a first step taken with a strategic investor," Antlitz said, speaking at the Reuters Automotive Conference in Munich. Reuters reported last November the group was holding discussions with investors to join its battery division, but plans were not yet concrete.
Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. "A lot of the margin parity depends on raw materials," Antlitz told the Reuters Automotive Europe conference.
MUNICH (Reuters) -Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. "A lot of the margin parity depends on raw materials," Antlitz told the Reuters Automotive Europe conference. When Volkswagen launched its new electrification strategy in July 2021, it said it expected to reach margin parity between combustion engine and electric vehicles "within the next two to three years".
Volkswagen AG Chief Financial Officer Arno Antlitz said Wednesday the automaker is still weighing options for converting its Wolfsburg factory to build a new generation of electric vehicles called Trinity, or building a new factory for the models. Antlitz said the delay in the launch of the next generation Trinity electric vehicles gives Volkswagen the opportunity to retrofit the existing Wolfsburg operations, potentially for less than building a new 2 billion euro factory.
Investing.com -- Russian authorities have signed off on a sale of Volkswagen's (ETR:VOWG_p) assets in the country to car dealer Avilon for as much as €125 million, according to news agency Interfax, citing an unnamed source familiar with the matter.
A scarcity of electric-vehicle battery materials is pushing car companies and miners to work closer together. For both, there is a learning curve.
The NHTSA says inflators have been linked to explosions and fatalities, but the manufacturer disagrees.