|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||8.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
With self moving cars on the rise, British academics predict that the cars could actually function as mobile brothels. New study also suggests that the hotel and flight industry could suffer as travelers opt to sleep in their cars between cities instead. Yahoo Finance's Adam Shapiro, Julie Hyman, Dan Roberts & Melody Hahm discuss.
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."
German carmaker Audi is set to invest £12.5bn over the next five years on electric mobility and self-driving cars as it plans to prepare its business for the technologies shaping the future of the automotive industry.
Volkswagen boss Herbert Diess will outline a 10-year plan on Nov. 16 to slash research costs by working with rivals, a step which would sideline Audi as the group's leading development centre. It will explore potential alliances with Ford and others to develop autonomous and electric vehicles (EVs). If approved by the board, it would signal a major departure from VW's standalone efforts to build them and diminish Audi's importance as an engineering hub.
VZBV said it is suing Volkswagen in cooperation with German car club ADAC, alleging that the company deliberately harmed and cheated customers with its software manipulation and owes damages to affected buyers. In 2015, Volkswagen admitted to having rigged millions of its diesel vehicles worldwide with software to manipulate emissions testing. Germany previously didn’t allow for U.S.-style class action lawsuits but the country passed legislation for similar complaints this year.
FRANKFURT/SEOUL (Reuters) - Audi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday. The spokesman said Audi's e-tron midsize SUV faced delay because the carmaker needs new regulatory clearance for a piece of software that was modified during the development process. Audi staged a global launch of the e-tron in San Francisco last month as part of its effort to expand the market for premium electric vehicles and grab a share from California-based Tesla, which has had the niche largely to itself.
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 ...
Audi has been fined €800m (£700m) by German prosecutors over “dieselgate” as the emissions scandal which rocked parent Volkswagen Group begins to draw to a close.
Carmaker Audi has been fined €800m (£701m) by a public prosecutor in Germany over diesel emissions. According to Audi, the affected vehicles were advertised and sold to customers “worldwide” in a period running from 2004 until 2018. “Considering these special items the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018,” Audi said in a regulatory statement.
German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines. "Considering these special items the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018," Audi said in a regulatory statement. Parent Volkswagen warned its earnings would also be affected.
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.
BERLIN/FRANKFURT (Reuters) - The interim CEO of VW’s (VOWG_p.DE) Audi unit, Bram Schot, laid claim to the top job for the long term, amid uncertainty when a prospective new hire from BMW (BMWG.DE), who has been seen as Audi CEO-designate, can join Volkswagen. "I would be available as Audi (NSUG.DE) chief in the long run and would like that very much," Schot said in an interview published by Manager Magazin on Wednesday.
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.
MUNICH (Reuters) - German carmaker Audi (NSUG.DE) named Hans-Joachim Rothenpieler on Friday as its new director for technical development.Rothenpieler replaces Peter Mertens, who asked the company's supervisory ...
Volkswagen's supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi, a person familiar with the matter said. German daily Handelsblatt reported earlier on Friday that the board had held off because of an imminent decision by the German government on how to tackle pollution from diesel vehicles. Given that Germany's auto industry has rejected a proposal to lower the emissions of older diesel vehicles with hardware retrofits as too costly, it would be poor timing to spend millions of euros to buy Stadler out of his contract, which was extended by five years last year, the report said.
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.
BERLIN/FRANKFURT, Sept 21 (Reuters) - German Chancellor Angela Merkel will hold a high-level meeting on Sunday to discuss whether to require the car industry to carry out costly hardware upgrades for older diesel vehicles to reduce inner-city pollution, government sources said. Hesse introduced a motion on Friday in the upper house of parliament, which represents Germany's 16 federal states, demanding hardware retrofits.
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.
German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc, and highlighted a deal with Amazon.com Inc to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG brands, as well as other European premium brands including Daimler-owned Mercedes-Benz, BMW, Volvo Cars and Jaguar Land Rover.
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