VWAGY - Volkswagen AG
| Previous Close | 16.38 |
| Open | 16.18 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 16.08 - 16.18 |
| 52 Week Range | 14.70 - 18.84 |
| Volume | 114,204 |
| Avg. Volume | 111,319 |
| Market Cap | 80.697B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 51.51 |
- Barrons.com•12 hours ago
Beyond Meat Stock Shot Higher Because Short Sellers Lost Big Time
The maker of plant-based burgers reported first-quarter earnings that exceeded Wall Street estimates last week, but the stock jumped because people betting against Beyond Meat went through the grinder.
- Reuters•14 hours ago
Algerian partner of Germany’s VW questioned in corruption case: state TV
- Reuters•15 hours ago
UPDATE 3-Former Algerian officials questioned over corruption - TV
Two former powerful Algerian officials and a prominent businessmen were questioned in courts on Sunday, state TV said, over accusations of corruption in the ruling elite under ex-president Abdelaziz Bouteflika. Protesters and the army drove Bouteflika to resign on April 2 after two decades in power, but pressure has continued for the departure and prosecution of senior figures around him. Among a plethora of ongoing cases, former finance minister Karim Djoudi appeared before the Supreme Court on Sunday, while former prime minister Ahmed Ouyahia was in another Algiers court, both over corruption accusations, state TV said.
- Reuters•2 days ago
UPDATE 2-VW's Tennessee workers vote against union representation
Workers at Volkswagen AG's assembly plant in the state of Tennessee narrowly voted against union representation, dealing a fresh blow to the United Auto Workers' (UAW) efforts to unionize a foreign automaker's plant in the U.S. South. The German automaker and the UAW said on Friday that workers at the Chattanooga plant voted 833 to 776 against union representation, the second time in five years they have rejected collective bargaining. "Our employees have spoken," Frank Fischer, president of Volkswagen Chattanooga, said in a statement.
- Benzinga•3 days ago
Pricing Set For Volkswagen's Truck IPO
Volkswagen AG announced that it is offering up to 15 percent of its heavy-truck subsidiary, Traton AG, in an initial public offering (IPO). The company plans to list the shares on both the Frankfurt Stock Exchange and Nasdaq Stockholm. "I am pleased that we have reached another milestone on TRATON's route to the IPO.
- Reuters•3 days ago
VW to float 10% of truck unit, seeks to raise 1.9 billion euros
Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. The German carmaker said in a statement that the offering would be priced at 27-33 euros per share, which Jefferies analysts said valued Traton at a slight discount to industry peers but at a premium to Swedish competitor Volvo. "We will now meet investors across the globe to convey our Traton story and the future potential of the group," Traton Chief Executive Andreas Renschler said in a statement late on Friday after the publication of Traton's IPO prospectus.
- Bloomberg•3 days ago
Volkswagen's $17 Billion Change of Direction
Volkswagen AG’s initial public offering of its Traton SE trucks business won’t do much to bring about the revolution sought by Merz. While Traton will be one of Europe’s biggest listings this year, the so-called “people’s carmaker” isn’t creating another “people’s share.” (That’s the name adopted by Deutsche Telekom AG for its massive IPO 20 years ago, when huge numbers of citizens bought shares. The subsequent dotcom bust and drop in Telekom’s stock is one reason why Germans shun the market today).
- Reuters•3 days ago
UPDATE 2-VW to float 10% of truck unit, seeks to raise 1.9 bln euros
Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. The German carmaker said in a statement that the offering would be priced at 27-33 euros per share, which Jefferies analysts said valued Traton at a slight discount to industry peers but at a premium to Swedish competitor Volvo. Traton said that Swedish pension fund AMF Pensionsfoersaekring AB had agreed to become a cornerstone investor in the listing and subscribe to 200 million euros worth of Traton stock.
- Financial Times•3 days ago
Volkswagen’s truck IPO signals bigger change at carmaker
Volkswagen’s truck division will be valued at as much as €16.5bn in its initial public offering at the end of the month, a step that signalled to investors wider changes are afoot at the world’s largest carmaker.
- Bloomberg•3 days ago
Volkswagen's Heavy-Truck IPO Values Unit at Up to $18.6 Billion
VW surprised investors last month when it revived its effort to float Traton just weeks after shelving the plan in March. The sale will mark a litmus test not only for IPO demand in a European stock market that turned in its worst month in 3 1/2 years during May, but also for the ability of VW’s management to push through deeper structural change. “We are now all set for the decisive phase,” VW Chief Financial Officer Frank Witter said in the statement.
- Reuters•4 days ago
In VW Chattanooga vote, UAW seeks elusive U.S. southern toehold
For the second time in five years, workers at Volkswagen AG's Chattanooga, Tennessee, assembly plant have been voting this week on whether to unionize, potentially handing the United Auto Workers its first toehold in the U.S. South. The vote by 1,700 workers at VW's Chattanooga plant, which makes the Passat sedan and the Atlas SUV, comes at a pivotal time for the UAW. Its membership fell 8% last year and the union faces contentious contract talks this summer with Detroit automakers General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV.
- Autoblog•4 days ago
Lamborghini says it could built the Sterrato rally car at a profit
Automobile spent an hour working out the Lamborghini Huracán Sterrato concept at the Volkswagen Group's Nardo test track. Maurizio Reggiani, Lamborghini's chief technical officer, told the magazine a customer version would be possible, only because "the provisional business case suggests that we can build this car at a profit." And the secret to making money on the car would be 3D printing. The composition of the Sterrato is 96 percent bone-stock Huracán EVO.
- Reuters•4 days ago
UPDATE 2-VW and Ford close to deal on self-driving and electric cars - VW
Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving and electric cars, the German carmaker's chief executive said on Thursday. Volkswagen and the No. 2 U.S. automaker signed a deal in March to develop a pickup truck, and have been in talks about extending the alliance to include autonomous driving and mobility services, as well as Ford's use of VW's MEB electric-vehicle platform.
- Reuters•4 days ago
VW and Ford close to deal on self-driving and electric cars: VW
Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving and electric cars, the German carmaker's chief executive said on Thursday. Volkswagen and the No. 2 U.S. automaker signed a deal in March to develop a pickup truck, and have been in talks about extending the alliance to include autonomous driving and mobility services, as well as Ford's use of VW's MEB electric-vehicle platform.
- Bloomberg•4 days ago
VW Is Closing in on Ford Deal on Electric, Autonomous Cars
Talks with Ford are “progressing well” and are close to being finalized, Diess said in prepared remarks seen by Bloomberg and delivered at a gathering of the carmaker’s 500 most senior executives in Wolfsburg, Germany. The pact, which already includes co-producing vans and pickups trucks, is part of VW’s plan to add scale and save costs to counter slower sales and record spending requirements to develop new technologies.
- Autoblog•5 days ago
Volkswagen New Beetle pickup truck conversion is certainly unique
- Reuters•5 days ago
UPDATE 2-Sweden's Northvolt raises $1 bln to complete funding for mammoth battery plant
Automakers Volkswagen and BMW are among the investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility. Northvolt said construction of the plant in Skelleftea in northern Sweden would begin in August, to provide an initial 16 GWh of cell manufacturing capacity.
- Reuters•5 days ago
CORRECTED-Ford launches testing of new self-driving fleet in Detroit
Ford Motor Co's majority owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles - Ford Fusion Hybrid - in Detroit on Wednesday, expanding its presence to five U.S. cities. The No. 2 U.S. automaker is in talks with German car maker Volkswagen AG to develop self-driving vehicles as its autonomous vehicles unit competes for investment and engineering talent with peers as well as technology companies. The Ford subsidiary is competing with Alphabet's Waymo robotaxi unit, General Motors' majority owned Cruise robotaxi business, and self-driving car software startup Aurora, which just announced a partnership with Fiat Chrysler Automobiles and Uber's self driving vehicle project, among others.
- TechCrunch•5 days ago
VW's partnership with self-driving car startup Aurora has ended
A partnership between Volkswagen and self-driving vehicle startup Aurora hasended, according to a report by the Financial Times, citing three peoplefamiliar with the matter
- Reuters•6 days ago
End of the road for Volkswagen's self-driving Aurora deal
Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles. "The activities under our partnership have been concluded,” a VW spokesman said in a statement on Tuesday following an earlier Financial Times report on the move which said VW now wanted to work with Ford Motor Co on autonomous driving.
- Reuters•6 days ago
Prosecutors investigate VW works council boss in pay inquiry
German prosecutors said on Tuesday they were investigating the chairman of Volkswagen's powerful works council as part of a inquiry into whether some of its members were paid excessively, turning him from a witness into a suspect. Bernd Osterloh is being investigated over an allegation that he "contributed to the conclusion of the remuneration agreement that is suspected of being unlawful", a spokesman for the public prosecutor's office in Braunschweig said. Osterloh has not yet been questioned and has requested, via his lawyer, access to relevant files and will respond to any allegations, a spokesman for the Volkswagen works council said, adding that its chairman was "beyond reproach".
- Autoblog•6 days ago
Meet the all-new, third-generation Bentley Flying Spur
The all-new, third-generation Bentley Flying Spur rolls into our lives behind a retracting, illuminated Flying B hood ornament. About the only thing that doesn't change is horsepower, with the 6.0-liter W12 putting out the same 626 horsepower as the top-level Flying Spur W 12 S trim of the second-generation sedan. A wheelbase stretched by 5.1 inches over the previous Flying Spur delivers handling benefits and attends especially to the comfort of rear-seat passengers.
- Bloomberg•6 days ago
Audi Recalls First Electric SUV in U.S. on Battery Fire Risk
The company issued a voluntary recall of approximately 540 E-Tron SUVs because of a risk that moisture can seep into the battery cell through a wiring harness glitch, spokesman Mark Dahncke said. A total of 1,644 E-Trons have been shipped to the U.S., and the remainder will be fixed before being handed to customers. The E-Tron, which went on sale in the U.S. in April, is Audi’s first fully-electric car and one in a wave of contenders from traditional automakers looking to challenge Tesla Inc.’s dominance of the segment.
