Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen mulls plant closures and job cuts in Germany
German automotive giant Volkswagen said Monday it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled.
Volkswagen warns of plant closures in Germany, citing ‘extremely tense' situation
German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter of major cost-cutting measures in order to "future-proof" the company. Volkswagen said it felt compelled to bring an end to its employment protection agreement — a job security program that has been in place since 1994 — in order to secure "urgently needed structural adjustments.
Volkswagen warns of possible plant closures in Germany
Volkswagen can no longer rule out plant closures in Germany as it seeks ways to save an extra several billions of euros in a cost-cutting drive underway at its namesake brand, the carmaker and its works council said on Monday.
Volkswagen: Benefit From High Dividends While Price Appreciates
Volkswagen AG trades at a significant discount, with a potential 50% upside and a 9.4% dividend yield, despite recent challenges and high debt. The company's diverse portfolio of twelve brands, including Lamborghini and Porsche, provides resilience and growth opportunities through potential IPOs. Technical analysis shows the stock is oversold, trading at 2015–2016 levels, despite improved financial performance and strong institutional backing.
Volkswagen's High Yield Backed By Undervalued Brand Portfolio
Volkswagen's strong brand portfolio and 8.9% dividend yield make it an attractive investment despite market challenges and margin compression. Significant undervaluation of Volkswagen's holdings in Porsche and Traton, representing over 80% of its current share price. Strategic investments in Rivian and a focus on ICE development highlight Volkswagen's adaptive approach to evolving market conditions.
Volkswagen passenger cars brand struggles to hit cost-cutting goal, says Handelsblatt
Volkswagen's passenger cars brand is struggling to meet its 10 billion euro ($11.14 billion) cost-cutting target, undermined by issues including low sales and missing parts, German business paper Handelsblatt reported on Wednesday.
Volkswagen China is spending lots of time at Xpeng to make new EVs
Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC. Volkswagen in July 2023 announced a $700 million investment into Xpeng to jointly develop two electric cars for delivery in China, expected in 2026.
The 2025 VW ID. Buzz: Pricing, range and more for the classic bus remade as an EV
The Volkswagen ID. Buzz marks the return of the classic VW bus, but with a twist: It's now an all-electric minivan with seating for up to seven and a range of up to 234 miles.
Volkswagen's battery targets not 'set in stone', battery chief tells FAS
Volkswagen's goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.
The 2024 Volkswagen Jetta has plenty of competition, but none with its European vibe
The 2024 Volkswagen Jetta sticks to its usual lane of being a smooth and spacious compact sedan. Pricing starts at $21,435.
VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says
Volkswagen is due to receive a lower tariff of 21.3% on its Cupra Tavascan, produced by the SEAT brand in China, under planned duties by the European Commission on China-made cars, a source close to the matter said on Tuesday.
Volkswagen delays launch of Trinity EV further, source says
Volkswagen has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday.
