Volkswagen took the covers off a new prototype electric vehicle Monday, one that's capable of hitting the equivalent of 323 miles per gallon under ideal conditions, making it one of the most efficient cars in the world.
German car maker Volkswagen is considering the sale of Ducati, the motorcycle maker owned by Audi division, Bloomberg News reported on Tuesday, citing an interview with Audi CEO Gernot Dollner.
Volkswagen remains deeply undervalued, with improving fundamentals and a clear path to margin recovery, justifying my reiterated 'Buy' rating. VWAGY's restructuring—model cuts, labor reductions, and cost discipline—has already driven significant cash flow and operational improvements despite ongoing sector headwinds. I see normalized EPS potential of €22.5/share and maintain a €160/share price target, implying 20%+ annual upside without requiring aggressive multiple expansion.
Under the deal, investment company Aurelius would take over the plant as majority owner, together with the state of Lower Saxony and turn it into a security and defense facility.
Israeli investor Aurelius Capital and the German state of Lower Saxony are planning to take over one of Volkswagen's German auto factories to repurpose it for defence projects, Europe's largest carmaker said on Monday.
Volkswagen ETR: VOW3 said its Supervisory Board has unanimously approved the Group Target Picture 2030, a broad transformation plan aimed at improving profitability, reducing complexity and reshaping its production, technology and organizational footprint.
To win approval to cut thousands more jobs, automaker kicked questions about factory closures and governance down the road.
Volkswagen AG remains a Strong Buy as its valuation heavily discounts significant risks amid ongoing macro and China pressures. VW's historic restructuring plan targets €6B+ profitability improvement by 2030, including 100,000 job cuts, plant closures, and portfolio streamlining. Despite weak H1 results and China headwinds, VW expects margin improvement in H2 and maintains a robust balance sheet supporting a ~6.5% dividend yield.
The German car giant's supervisory board unanimously approved a plan which envisaged slashing about 50,000 positions.
Volkswagen announced a further 50,000 job cuts as it forges ahead with its restructuring plan. The carmaker's shares jumped on Friday as investors welcomed the cost-cutting plan.
European shares ticked lower on Friday ahead of closely watched U.S. jobs data, while Volkswagen's shares rallied after the automaker announced a major transformation plan that includes 50,000 job cuts.
Volkswagen is planning 50,000 job cuts in roughly three years. It comes as European automakers face stiff competition from low-cost Chinese automakers.