|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.04 - 16.12|
|52 Week Range||14.70 - 21.57|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.51|
Bentley is headed to the clouds again, with Rhys Millen once more at the wheel. The English luxury took on the Pikes Peak International Hill Climb last year with a Bentayga, Millen setting a production SUV record of 10:49.902. This year the duo want to claim the production car record over the 12.42-mile, 156-corner course with the new W12-powered Bentley Continental GT.
SAO PAULO (Reuters) - Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America ...
In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Associate Editor Joel Stocksdale. They catch up on the Tesla Model Y, as well as the Cadillac CT5 and the brand's new naming structure.
The 2019 Q8 is the latest and greatest from Audi, a so-called four-door coupe that was inspired by models like the BMW X6 and Mercedes-Benz GLE-Class Coupe. Like most Audis, the Q8 shares a lot with other Volkswagen Group models, namely the Porsche Cayenne, Bentley Bentayga and Lamborghini Urus. It's $4,000 more than a base Q8 Premium but includes features like 21-inch wheels, a Bang & Olufsen sound system, illuminated door sills, 4-zone climate control, ventilated front seats and wireless charging.
“They have BMW, they have Mercedes, they have a lot of very good cars that come in,” he said in an interview with Fox Business Network’s Maria Bartiromo airing Friday. Trump answered “well, no” after he was asked whether foreign cars represent a national security threat to the U.S. -- the subject of a Commerce Department study Trump ordered last year.
It's barely possible to believe how poorly Volkswagen continues to handle dieselgate. Depending on which day you catch the news, the German carmaker embodies the corporate venality of "Michael Clayton," the comic blundering of the Coen Brothers' "Burn After Reading," and the every-man-for-himself vengeance of "Reservoir Dogs." Today is Tarantino day, with news that German prosecutors have recordings of phone calls between former Audi and Porsche development boss Wolfgang Hatz, ex-Volkswagen Group executive Matthias Müller, and current Porsche executives Oliver Blume and Michael Steiner. Hatz made the calls to the trio in November 2015, two months after Volkswagen admitted its diesel-particulate sins to the U.S. Environmental Protection Agency.
Volkswagen and Swedish battery maker Northvolt and other companies as well as science labs are joining forces in battery cell research, the German carmaker said in a statement on Thursday. Starting in early 2020, the so-called European Battery Union (EBU) aims to accumulate know-how on battery cell production, including research on raw materials, cell technology but also the recycling of used batteries. "All the partners will step up their investments as a result of the planned additional research activities," Volkswagen said, adding that they could seek funds from the German economy ministry.
VW boss Herbert Diess has many of the qualities needed to manage that transition, including a long-term vision, an eye for unnecessary costs and dogged determination. The German car giant’s efforts to leave behind the diesel scandal via a massive pivot to electric vehicles were put in jeopardy last week when Diess said something incredibly stupid and offensive: “Ebit macht frei.” (Roughly translated as “Profit sets you free”). Every German knows the callous and false entreaty “Arbeit macht frei” (work sets you free) that prisoners entering Nazi concentration camps were forced to observe.
Volkswagen's supervisory board is set to meet on Friday to discuss the company's ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources. The magazine said the extraordinary board meeting has been scheduled to mediate between management at Germany's biggest carmaker and the head of its works council, Bernd Osterloh, who is also a member of the supervisory board. A Volkswagen spokesman said he did not know of any planned board session.
Herbert Diess is either clueless or extraordinarily tone deaf. Last week, Mr Diess repeatedly used the phrase Ebit macht frei (earnings before interest and taxes set you free) at a management meeting.
Mr Diess, who took the reins of the world’s largest carmaker less than a year ago, told managers last Tuesday that the high margins of VW Group’s Porsche brand gave it more freedom than its other marques such as Audi.
VW rose the most in almost three weeks Tuesday after the family holding company, Porsche Automobil Holding SE, said the German carmaker’s market value doesn’t reflect its “vast potential.” The family investment vehicle now owns 53.1 percent of VW, an increase of 0.9 percentage points. VW, alongside other carmakers, is under pressure to pay for the seismic shift to electric cars while the payoff could be years away. Record spending to keep up with emissions regulation and investor doubts about the future of incumbent automakers has hurt valuations for VW, which now trades at 5.45 times earnings.
The Bentley Continental GT is getting its V8 option for the 2020 model year now. Released last year with the monster 6.0-liter W12, this will be the cheaper and less powerful version of the big Bentley coupe and convertible.
Volkswagen on Monday said it had expressed its intent to Germany's Economy Ministry to participate in a state funding scheme aimed at supporting battery cell production for electric vehicles. "Volkswagen group wants to take part in Economy Minister Altmaier's initiative support the industrial production of mobile and static batteries," the company said in a statement. More than 30 companies have applied for the program to support the production of battery cells, the Economy Ministry said on Monday.
As a special commission for a Middle Eastern client, Bentley and in-house specialty shop Mulliner have created the limited-edition "Pearl of the Gulf" Bentayga, complete with pearl trim and a fingerprint safe. For centuries, pearl diving and harvesting has been a major economic key to cities around the Arabian Gulf.
Two of Audi's latest models, the completely redesigned A6 luxury sedan and the recently introduced Q8 flagship crossover have each undergone testing by the IIHS, and each is highly rated. The 2019 Audi A6 gets the highest Top Safety Pick + award, and the 2019 Audi Q8 gets the normal Top Safety Pick commendation. The A6 has all-around better headlights, with two of its optional units garnering the top "Good" score, and the base headlights being rated "Marginal," the second lowest score.
Volkswagen is one of several automakers to choose Microsoft Azure for cloud computing. In the cloud wars, Microsoft has been able to win big business from retailers, largely because companies like Walmart WMT , Kroger KR , Gap GPS and Target TGT are opting not to write big checks to rival Amazon. The more Amazon grows, the more that calculation could start working its way into other industries — like automotive.
Microsoft CEO Satya Nadella has vowed to not compete with partners, which was a selling point for Volkswagen when choosing a cloud vendor.
BERLIN—The U.S. Securities and Exchange Commission sued Volkswagen AG and Martin Winterkorn for defrauding U.S. investors in relation to the company’s diesel cheating scandal, claiming the auto maker’s former chief executive knew about the fraud much earlier than previously acknowledged. The fresh civil claims and the allegation that Mr. Winterkorn was aware of the fraud as early as 2007 deal a blow to Volkswagen’s effort to put the scandal behind it and rebuild its reputation in the U.S. The SEC’s move could also expose the company to new fines in the U.S. and bolster the case of thousands of investors who are suing Volkswagen for damages in Germany.
AG dealt a blow to the efforts of its finance chief in his yearslong quest to engage with investors to rebuild trust in the company. The lawsuit is the latest in a series of civil and criminal matters brought by U.S. authorities against Volkswagen in recent years in connection to the emissions scandal. , in an email on Friday, said he is in regular contact with investors and that the company’s recent debt sales show Volkswagen has progressed in regaining “the trust of capital markets.” He added that the company’s recent bond sales have been oversubscribed.
UPDATE: Hundreds showed up to Toms River Volkswagen to check out the dealership's St. Patrick's Day weekend sale. Customers won't find gold coins in any of the cars at Toms River Volkswagen in Toms River, New Jersey, this weekend, but if their luck pays off, they might have the chance at a different type of treasure: a pre-owned car for only $1. Spotlighted by ABC 13, the dealership is running a special promotion Saturday, March 16, that will give three people the deal of their lives.
Volkswagen's supervisory board on Friday condemned remarks made by the company's chief executive after he appeared to allude to a Nazi-era slogan when he attempted to describe the carmaker's earnings potential. Herbert Diess this week said "EBIT macht Frei" before apologising for the comments and explaining he in no way wanted to draw a comparison to the Nazi-era slogan "Arbeit Macht Frei", which appeared on the gates of Auschwitz during the Holocaust. "Experience at Volkswagen shows that brands with higher margins normally have greater freedom of choice within the Group.