Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen to cut capacity further by one million cars, CEO tells Manager Magazin
Volkswagen plans to cut its production capacity by another one million cars, CEO Oliver Blume said in an interview with business news outlet Manager Magazin published on Tuesday.
What Contributed to 4% Y/Y Drop in Volkswagen's Q1 Deliveries?
Volkswagen Q1 deliveries fall 4% as demand in China and the United States weakens despite growth in Europe and rising order intake.
Volkswagen: Execution Visibility Improves (Buy Confirmed)
Product cycle momentum (20+ launches, EV push) and improving order intake support a ~5% EBIT margin trajectory despite conservative guidance and macro headwinds. Better working capital management, lower inventories, and ongoing cost-cutting (€6bn target by 2030) underpin improved cash generation and industrial liquidity. At ~5x P/E with limited earnings volatility and optionality from assets, offer a compelling entry point. We remain buyers.
Volkswagen Group Vehicle Deliveries Fall on China, U.S. Weakness
The company, which houses a stable of brands that includes VW, Audi and Porsche, said its group vehicle deliveries fell 4% on year.
Volkswagen drops all-electric ID.4 in the US in pivot back to gas SUVs
Volkswagen will no longer produce the all-electric ID.4 at its U.S. factory in Chattanooga, Tennessee, as the German automaker shifts its resources into high-volume vehicles like its upcoming gas-powered Atlas SUV.
Volkswagen ends US production of its EV, citing market's 'unpredictability'
Volkswagen said it is ending US production of its ID.4 crossover SUV. The automaker is prioritizing assembly of its gas or hybrid-powered Atlas SUV.
Volkswagen to End E.V. Production at Tennessee Plant
The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
VW to stop making its top electric vehicle in the US
Volkswagen said on Thursday it will end production of the ID.4 electric SUV out of its Tennessee plant this month, citing a challenging time for the U.S. electric vehicle market.
Volkswagen begins testing its self-driving microbuses in Los Angeles ahead of launch with Uber
Volkswagen subsidiary MOIA America and Uber have started testing autonomous microbuses in Los Angeles, the companies announced Wednesday, the latest step as they prepare to launch a robotaxi service by late 2026.
Volkswagen deal with EV maker Xpeng shows how China tech threatens Western automakers
Rivian is VW Group's software and hardware partner outside of China. Xpeng is doing a lot of the same work for Volkswagen in China.
Volkswagen to Invest Another $1B in Rivian After Winter Test Milestone
VWAGY unlocks another $1B investment in RIVN after a winter testing milestone validates the next-generation EV software architecture in extreme conditions.
Rivian gets another $1B from Volkswagen
Winter testing has been completed for the VW ID EVERY1, the first vehicle under a joint venture between Rivian and Volkswagen Group to be equipped with the EV maker's software and electrical architecture. That's not just progress toward getting this vehicle into customers' hands; it also unlocks another $1 billion investment from Volkswagen Group into Rivian.
