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Volkswagen Says September Group Deliveries Up 3.3%
Porsche AG Says It Sold 191,547 Cars Worldwide In First 9 Months Of 2020
Volkswagen expects positive operating result in 2020
Volkswagen AG is a Germany-based company that manufactures and sells vehicles. It operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
Auto & Truck Manufacturers
Berliner Ring 2
Hans Dieter Poetsch
Chairman of the Supervisory Board
Chairman of the Management Board, Group Chief Executive Officer
Deputy Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Responsible for Finance and IT
Member of the Management Board, Responsible for Human Resources
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Swiss electric car start-up Piëch Automotive AG appointed Matthias Mueller, the former chief executive of Porsche and Volkswagen, as its new chairman, the company said on Monday.
* Deal hinges on due diligence, agreement of terms (Adds confirmation from Traton)
Volkswagen's truck unit Traton on Friday said it had agreed to sweeten its $43 per share takeover bid for U.S. truck maker Navistar International Corp to $44.50. "Traton SE and the US-American truck manufacturer Navistar International Corporation, in which Traton already...
U.S. truck maker Navistar International Corp said on Friday it was prepared to accept a buyout from Volkswagen's Traton, if it raised its offer price to $44.50 per share.
California air regulators on Wednesday urged automakers and engine manufacturers to disclose by the end of the year any unapproved hardware or software programs that compromise a vehicle's emissions control system.
General Motors Co's (GM) vehicle sales in China grew 12% over July-September versus the same period a year earlier, the Detroit automaker's first Chinese quarterly sales growth in two years.
* Technology partnerships or listing seen as options - sources
Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters.
Rupert Stadler, former chief executive of Audi arrived in court in Munich on Wednesday to face fraud charges as part of Volkswagen's emissions cheating scandal, which was uncovered by United States regulators five years ago.
Volkswagen is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters.
Volkswagen's Spanish brand SEAT has seen an uptick in demand despite the COVID-19 pandemic and sales in September could surpass those in the same month of 2019, which was a record year, its incoming chairman told Reuters.
Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world's biggest car market, between 2020 and 2024.
Volkswagen AG's U.S. subsidiary on Wednesday revealed its ID.4 electric sport utility vehicle and a pricing strategy aimed at opening a new front in competition with Tesla Inc and other automakers.
Volkswagen AG's U.S. subsidiary on Wednesday revealed its electric sport utility vehicle ID.4, which it aims to begin selling in the first quarter of 2021, and said the compact EV will have an estimated driving range of 250 miles.
Volkswagen AG will provide owners of its ID.4 compact electric sport utility vehicle with three years of unlimited charging in the United States at no additional cost to the vehicle's price, the German automaker said on Monday.
Canada launched a fund on Thursday to invest in community-based projects to curb emissions, with bulk of the money coming from a fine that Volkswagen AG paid for breaking the country's diesel emissions rules.
Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks.
Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.
German truck maker MAN , which is controlled by Volkswagen, said on Friday it could cut up to 9,500 jobs as part of a cost-cutting programme.
Volkswagen's Czech unit Skoda Auto plans to shift production of some high-earning models to other VW group plants in other countries, the carmaker's trade union boss said in an article on Thursday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.