Volkswagen AG (VWAGY) News
Market Cap: $54.34B
Avg Volume: 254.02K
Industry: Auto - Manufacturers
Sector: Consumer Cyclical
President Trump announces 25% auto tariff: 'Business is coming back'
President Donald Trump says his executive order over auto tariffs will lead to 'tremendous growth' at a press conference.
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Trump Announces 25% Tariff on Auto Imports
"This is the beginning of Liberation Day in America," President Donald Trump says before signing an order to implement a 25% tariff on auto imports, which will go into effect on April 2.
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Trump says US will charge 25% tariff on all cars not made in the US
U.S. President Donald Trump said on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country.
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Donald Trump announces new 25% tariffs on cars from overseas
President made announcement days before he is expected to unveil reciprocal tariffs on other imported goods
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Mobileye: Volkswagen Announcement Is A Step In The Right Direction
Mobileye's collaboration with Volkswagen eases doubts about Surround ADAS, but its financial impact will be fairly modest. Upside remains more dependent on SuperVision and Chauffer adoption, and there have been no updates on this front. While tariffs are likely to be a headwind, Mobileye's 2025 guidance is conservative, meaning revenue growth should still be expected, absent large changes in China.
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Mobileye Lands VW Deal For Advanced Driving Tech, Paving Way To Higher Margins, Market Share: Analyst
On Wednesday, Needham analyst Quinn Bolton reiterated Mobileye Global Inc MBLY with a Buy and a $20 price target.
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Porsche is further enhancing its in-car digital systems
Greater performance and new features lead updated digital ecosystem for new 2026 911, Cayenne, Panamera, and Taycan models Greater performance and new features lead updated digital ecosystem for new 2026 911, Cayenne, Panamera, and Taycan models
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Porsche skids to a €20bn loss after VW write-down
Porsche AG (ETR:P911) reported a €20 billion after-tax loss due to a writedown on its Volskagen stake. As a result, the holding company proposed a lower dividend of €1.91 per preference share, down from €2.56 last year, reflecting reduced income from Volkswagen, which saw a 15% decline in operating profits.
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Porsche SE reports $21.6 billion loss after tax on Volkswagen impairment
Porsche SE , Volkswagen's largest shareholder, reported a net loss after tax of 20 billion euros ($21.57 billion) in 2024, in line with its forecast, because of impairments on its holding of Europe's top carmaker.
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Volkswagen caught in the crosshairs of tariffs, cost-cutting and Chinese competition
Annette Weisbach reports from Volkswagen's headquarters, where she speaks to Arno Antlitz, CFO of Volkswagen.
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Volkswagen Group cooperates with Valeo and Mobileye to enhance driver assistance in future MQB vehicles
WOLFSBURG, Germany & JERUSALEM & PARIS--(BUSINESS WIRE)--Volkswagen Group will collaborate with Valeo and Mobileye on surround-sensing advanced driver assist.
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VW to work with Valeo, Mobileye on driver assistance systems
Volkswagen said on Tuesday it would collaborate with automotive parts suppliers Valeo and Mobileye to develop better driver assistance systems for its cars.
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Volkswagen under the pump - can German auto handle the pressure?
German autos giant Volkswagen is facing mounting challenges that could reshape its future. As Trump threatens steep tariffs on EU car imports, VW's profits are at risk.
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Volkswagen, BMW group electric cars outsell Tesla in Europe in February
Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group , as well as rivals from China, data by research platform JATO Dynamics showed on Monday.
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Porsche Automobil Holding: A Compelling Investment Due To NAV Discount
Porsche Automobil Holding SE holds significant stakes in Volkswagen Group and Porsche and small stakes in portfolio investments in the automotive industry. Both Volkswagen Group and Porsche have shown earnings turbulence, but should regardless have fair earnings prospects over the long term. POAHY trades at a significant discount to NAV, making the investment compelling, especially as Volkswagen Group and Porsche already trade at cheap earnings multiples.
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Porsche Experience Center Los Angeles Introduces New Demonstration Laps
New options allow guests to experience Porsche performance from the passenger seat. New options allow guests to experience Porsche performance from the passenger seat.
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Volkswagen sells 360-million-euro Traton stake for 32.75 euros per share
Volkswagen said on Wednesday it sold a stake in commercial vehicle manufacturer Traton for 360 million euros ($393 million) or 32.75 euros per share.
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In tough global market, Bentley posts lowest revenue since 2020
Bentley on Wednesday posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing "value over volume" with revenue per car up 10% versus 2023.
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Volkswagen to sell up to a 2.2% stake in Traton
Volkswagen intends to sell up to 11 million shares in commercial vehicle manufacturer Traton , the German carmaker said on Tuesday, representing up to a 2.2% stake worth about 391 million euros ($427.87 million) at Tuesday's closing price.
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Volkswagen: Beating Expectations In 2024, I'm Keeping My Stake
Volkswagen AG's 2024 results exceeded expectations, with strong free cash flow and operating profit, despite market volatility and restructuring challenges. The company's fundamentals and undervaluation make it an attractive investment, with a projected annualized upside of 15% and a €180/share price target. Volkswagen's strategic moves, including union negotiations and new product launches, position it well for future growth, despite current challenges in China.
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Volkswagen's Audi to cut 7,500 jobs in administration, development by 2029
Volkswagen's Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and development, the premium carmaker said on Monday, the latest German auto industry player to reduce costs.
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Moody's downgrades Volkswagen on sector headwinds, competition in China
Global ratings agency Moody's on Monday downgraded Volkswagen VOWG_p.DE by one notch to Baa1 from A3, citing sector headwinds, structural challenges, ongoing need for investment and fierce competition in China.
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Volkswagen, FAW venture to launch 11 new models tailored for China from 2026
The joint venture of Volkswagen and FAW Group (SASACJ.UL) said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026.
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Porsche Penske Motorsport scores one-two victory at 12 Hours of Sebring
Race, IMSA WeatherTech SportsCar Championship, Round 2, Sebring (USA) Race, IMSA WeatherTech SportsCar Championship, Round 2, Sebring (USA)
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Porsche SE says it is not considering sale of Volkswagen shares
Porsche SE , Volkswagen's biggest shareholder, is not considering selling voting shares in Europe's largest carmaker, the holding firm said on Sunday following a newspaper report that it was weighing such a move.
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Porsche placed first in J.D. Power 2025 U.S. Customer Service Index Study
As well as being ranked as the number one automotive brand, Porsche also earned the top spots in the premium, SUV and car segments As well as being ranked as the number one automotive brand, Porsche also earned the top spots in the premium, SUV and car segments
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UAW union files unfair labor practice charges against Volkswagen
The United Auto Workers union said Thursday it filed unfair labor practice charges against Volkswagen, saying the automaker is trying to cut jobs at a factory in Tennessee where the union is negotiating its first contract after winning an election there last year.
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Volkswagen: Positive Quarter And Too Much Value Is Still Ignored
Q4 results were positive with an operating profit margin of 7%. There are MACRO-to-MICRO developments that will support Volkswagen share price recovery. We believe the company is currently priced as if it will be disrupted in the near term by Chinese peers and Tesla.
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Volkswagen's volume brands operating result down 4.3% amid cost-cutting drive
Volkswagen's core brands, including VW Passenger Cars, Skoda, SEAT/CUPRA and Commercial Vehicles, reported a 4.3% drop in their operating results on Thursday as the carmaker undergoes a restructuring to cut costs.
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Rheinmetall worth more than Volkswagen as defence rally continues
Rheinmetall , Europe's biggest ammunition maker, has overtaken the continent's top carmaker Volkswagen in terms of market valuation, in the latest sign of rising investor appetite for defence stocks.
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VWAGY Q4 & 2024 Earnings: Drop in Profits, EV Growth & Tariff Scare
Volkswagen's Q4 profit drops amid rising costs. The 2025 outlook indicates growth despite tariffs, competition and regulatory challenges.
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Watch CNBC's full interview with Porsche CEO Oliver Blume
Oliver Blume, CEO of Porsche, discusses full-year earnings and the German automotive industry from the Porsche museum in Stuttgart.
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Porsche may hike prices on sports cars if tariffs are implemented
Two of Europe's leading companies are providing a macroeconomic lesson on tariffs and the conditions for when they're passed along.
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VW's Osnabrueck plant would be 'very suitable' for defence production, Rheinmetall CEO says
Volkswagen's factory in Osnabrueck would be a good fit for a conversion to military production, the CEO of Rheinmetall said on Wednesday, as the German carmaker considers ways to repurpose the site that could include a sale.
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Porsche CEO says Volkswagen ties 'should play a role' amid U.S. tariff threat
Porsche's industrial cooperation agreement with Volkswagen "should play a role" as the German automakers brace for a potential trade war between the U.S. and Europe, Oliver Blume — chief executive of both Porsche and Volkswagen Group — told CNBC on Wednesday. Volkswagen faces its own challenge from U.S. tariffs, but unlike Porsche has a major assembly plant within the country.
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Volkswagen: Reiterating My 'Hold' Despite The Dividend
Volkswagen's Q4 FY2024 results showed stronger-than-expected earnings, but significant challenges remain, particularly in the Chinese market with a 10% YoY decline in deliveries. Despite a 1% YoY revenue increase, Volkswagen's EBIT declined by 15% YoY, and profit after tax dropped by 31% YoY due to lower equity results from Chinese joint ventures. The stock is trading at a historically low EV/EBITDA multiple, indicating undervaluation, but risks from competitive pressures and weak demand in Europe persist.
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Porsche AG records robust results in a challenging environment
Stuttgart. Porsche AG ended the 2024 financial year with a robust result in a challenging environment. The sports car manufacturer marked record sales in four out of five regions of the world, as well as strong automotive net cashflow, which almost reached the record levels of 2023. With the 911, Cayenne, Panamera, Taycan, and the electric Macan, Porsche renewed five out of its six model lines and successfully introduced them in the markets. At the same time, the company has resolutely adapted its product and corporate planning to the changed circumstances. The sports car manufacturer continues to rely on a mix of drivetrains. Its customers will still be able to choose between combustion engines, plug-in hybrids and all-electric drivetrains in every vehicle segment well into the 2030s.
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Exclusive: Geely-backed Ecarx in talks with VW to develop smart cars for Europe, US, CEO says
Volkswagen is in talks with digital cockpit system developer Ecarx to put the Chinese company's technologies in cars it sells in developed markets, such as Europe and United States, Ecarx's CEO said on Wednesday.
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Porsche shares in reverse gear after luxury carmaker cuts targets (again)
Porsche AG (ETR:P911) shares hit reverse gear, falling 1.5% in early trading, after the luxury carmaker slashed another profitability target. The German auto giant now expects a return on sales of 15% to 17%, down from the 19% goal set during its 2022 stock market debut.
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Porsche Plans 3,900 Job Cuts in Efficiency Drive
The company warned investments and costs of reshaping will hit earnings this year and expects markets to remain challenging.
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Porsche's net profit slashed by a third in 2024, keeps dividend stable
Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in net profit, according to Reuters calculations, as the luxury carmaker battles high costs and intense competition in China.
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Auto manufacturers struggling to make money on lower-end cars: Analyst
Tim Urquhart, principal automotive analyst at S&P Global Mobility, discusses Volkswagen's fourth-quarter results and the outlook for the automotive industry in the face of geopolitical tensions.
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Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reports
Volkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt business daily reported on Tuesday, citing company sources.
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We already feel like an American company, Volkswagen CFO says
Volkswagen's Chief Financial Officer Arno Antlitz says it's too early to say how the company will be impacted by new U.S. tariffs.
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'Decent results' in 2024 despite profit drop: Volkswagen CFO
Volkswagen's Chief Financial Officer Arno Antlitz discusses the German autos giant's 2024 full-year results.
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Volkswagen AG (VWAGY) Q4 2024 Earnings Call Transcript
Volkswagen AG (OTCPK:VWAGY) Q4 2024 Earnings Conference Call March 11, 2025 6:15 AM ET Company Participants Rolf Woller - Head of Group Treasury and Investor Relations Oliver Blume - Chief Executive Officer Arno Antlitz - Chief Financial Officer and Chief Operating Officer Conference Call Participants Tim Rokossa - Deutsche Bank Michael Tyndall - HSBC George Galliers - Goldman Sachs Patrick Hummel - UBS Stuart Pearson - BNP Stephen Reitman - Bernstein Henning Cosman - Barclays Jose Asumendi - J.P. Morgan Daniel Schwarz - Stifel Nicolaus Horst Schneider - Bank of America Operator The conference is now being recorded.
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VW shares up 2.5% after dour but not disastrous assessment of prospects
Volkswagen shares rose 2.5% in early Frankfurt trading as investors decided 'it could have been worse' as they gave their verdict on results and the carmaker's assessment of prospects. The latter first: VW expects only a slight improvement in its 2025 operating profit margin, forecasting a range of 5.5% to 6.5%, compared with 5.9% in 2024.
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Volkswagen Expects 2025 Revenue to Rise Despite Challenging Year
The company anticipates revenue growth of up to 5% as it continues to focus on cutting costs and implementing profitability measures.
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Volkswagen posts 15% fall in annual profit amid restructuring, expects revenue to rise in 2025
The carmaking giant said it expects to see revenue growth in 2025.
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Volkswagen gives muted outlook for 2025 amid trade tensions, new competitors
Volkswagen on Tuesday said it expects an operating margin of 5.5-6.5% in 2025, from 5.9% in 2024, joining rivals in giving a muted outlook for the year ahead as the sector battles weak demand, high costs and simmering trade tensions.
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VW says new entry-level electric car to be built in Portugal
Volkswagen will build its 20,000-euro ($21,636.00) electric car launching in Europe in 2027 at its plant in Palmela, Portugal, its brand chief said on Monday.
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Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact
Last week, it was announced that President Donald Trump's new 25% tariffs on Mexico and Canada would exempt vehicles that comply with the USCMA trade deal. German carmaking giant Volkswagen told CNBC that its operations meant it would be exempt from the levies.
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VW's Traton sees no significant impact from U.S. tariffs
Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen's truck unit said during a post-earnings call on Monday.
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Traton Lifts Dividend After Earnings Rise But Warns of Weakness Ahead
The company—which houses Scania, MAN, International, and Volkswagen Truck & Bus—reported 2024 sales that grew 1%, but said demand for trucks would decline.
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Volkswagen's Traton sees tepid truck market in 2025
Volkswagen's truck unit Traton guided for a tepid commercial vehicle market in 2025 on Monday after persistent weakness in Europe, particularly in Germany, weighed on last year's results.
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Porsche SE expects $21.7 bln loss after tax on Volkswagen stake impairment
Porsche SE , Volkswagen's largest shareholder, expects a 2024 loss after tax of around 20 billion euros ($21.7 billion), it said on Friday, citing previously disclosed impairments on its holding in Europe's top carmaker.
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Volkswagen to recall over 177,000 SUVs over loose engine cover, NHTSA says
Volkswagen will recall 177,493 crossover SUVs in the United States over concerns related to a loose engine cover, the National Highway Traffic Safety Administration said on Friday.
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Porsche and Volkswagen CEO to keep dual role until restructuring complete, WirtschaftsWoche reports
Volkswagen and Porsche CEO Oliver Blume said his dual role at the helm of both companies was not meant to last forever but was necessary to complete the restructuring underway at the brand and wider group, WirtschaftsWoche magazine reported on Friday.
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VW may avoid 25% Trump tariff, but BMW faces trade levy
Volkswagen said Thursday that its vehicles made in North America comply with the United States-Mexico-Canada Agreement (USMCA), meaning they will likely avoid being subject to the 25% tariffs U.S. President Donald Trump has imposed on imports from Mexico and Canada which do not comply with the trade deal's rules.
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Stock Picks From Seeking Alpha's February 2025 New Analysts
In February, twenty-three new analysts joined Seeking Alpha, offering diverse stock picks and insights, from biotech to automotive and energy sectors. Analysts provided ratings from Strong Sell to Strong Buy, with detailed justifications based on market trends, company fundamentals, and sector-specific challenges. Key investment theses include bearish views on German automotive and LNG sectors, while bullish on biotech, fintech, and energy companies.
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VW's cheapest EV will have Rivian DNA and who is bidding for Canoo's assets
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility!
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Volkswagen's entry-level electric car targeted at Europe, brand chief says
Volkswagen will focus the sales strategy for its 20,000-euro ($21,580.00) electric car coming out in 2027 on Europe, its brand chief said on Wednesday, adding the carmaker needed until then to bring down battery costs to sell it at that price.
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Volkswagen's cheapest EV ever is the first to use Rivian software
Volkswagen's ultra-cheap EV called the ID EVERY1 — a small four-door hatchback revealed Wednesday — will be the first to roll out with software and architecture from Rivian, according to a source familiar with the new model.
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8 Auto Companies That Could Take Ford’s Crown in America Within the Next 10 Years
When you think about Ford, you likely think of an automobile icon, a Detroit legend, a titan of the industry, and a dozen other words that probably all work. Ever since Ford was founded in 1903, the company and its Model T laid the groundwork for an industry that would soon take on a life of its own. Key Points Ford is one of the most iconic names in the automobile industry. While Ford might be a historic giant, the auto industry has not only caught up but, in many ways, surpassed it. Brands like Tesla, Hyundai, and Toyota are all likely to surpass Ford in the next 10 years. Earn up to 3.8% on your money today (and get a cash bonus); click here to see how. (Sponsored) Ford remains one of the world’s largest automakers and one of the original “big three” members still alive and kicking. However, while Ford may have an incredibly successful backstory, the auto industry is moving at lightspeed, and in the next ten years, Ford could be in the shadow of new industry giants. 8. General Motors GM is another one of the original “big three” automakers. Vehicles sold 2024: 2.7 million Most popular models: Chevrolet Silverado, GMC Sierra, Chevy Equinox, Corvette Founded: September 1908 Market share: 17% Bitter Rivals GM and Ford are the two staple names in American automobiles. For over 100 years, Ford and General Motors have been “bitter” rivals, and in many ways, they have made each other produce better vehicles. The reality is that General Motors has already had Ford’s crown multiple times, with the F-150 outselling anything GM makes, right now, Ford is in the driver’s seat. Still, GM and its staple brands are ready to push Ford into the backseat and take over. 7. Volkswagen You can’t ignore Volkswagen’s scale and capability. Vehicles sold 2024: 379,178 Most popular models: Jetta, Tiguan Founded: May 1937 Market share: 3.6% Giant Potential If Volkswagen wanted to, they could make a run at dominating the US auto industry. While Volkswagen might seem like an unlikely opponent to take Ford’s crown in the next decade, it’s important to remember that this is the second largest vehicle manufacturer in the world. This scale and opportunity give Volkswagen all the drive it needs to try to push its market share into the double digits while taking down Ford’s at the same time. Will everyone in the United States want to drive a Jetta? Only time will tell. 6. Stellantis Stellantis is struggling now, but not out of the fight. Vehicles sold 2024: 1.3 million Most popular models: Jeep Wrangler, Dodge Charger, Jeep Cherokee Founded: January 2021 Market share: 12% A Global Giant Stellantis is now the home of staple American names like Chrysler and Jeep. With 14 different vehicle brands, including Jeep, Chrysler, Fiat, Maserati, Dodge, and Ram Trucks, Ford would be wrong to ignore this brand. Stellantis’ presence in more than 130 countries gives it a unique production advantage, and its lineup is deep enough to match everything Ford sells but for less. As a result, while it may not seem likely today, Stellantis could set its sights on Ford and quickly catch up. 5. Honda It’s hard to ignore just how strong Honda is. Vehicles sold 2024: 1.2 million Most popular models: Civic, Accord, Pilot Founded: September 24, 1948 Market share: 7.3% Better Resale Value Honda vehicles have very strong resale value, better than Ford. Compared to Ford models, Honda vehicles tend to have higher resale value, which has been increasingly crucial to vehicle buyers who want to capitalize on this value down the road. In addition, Honda’s reputation for reliability is second-to-none, and Ford, once known for being an acronym for Found On Road Dead, will have a hard time winning customers over from a brand that offers far more reliability. 4. Toyota Toyota’s reputation for quality can’t be ignored. Vehicles sold 2024: 2.3 million Most popular models: Camry, Corolla, Highlander Founded: August 1937 Market share: 15% Reliability Above All Else When it comes to reliability, Toyota vastly outperforms Ford. Even if you only look at the auto industry once in a blue moon, you should know that Toyota has been coming for Ford’s crown for years. Offering better reliability, durability, and a more overall value than Ford, Toyota’s models like the Camry and Corolla are some of the United States’ best-selling cars year-over-year for a reason. Since its introduction in 1966, the Corolla has sold over 50 million vehicles, a number even the F-150 can’t match. 3. Hyundai Motor Group Hyundai has come a long way in the last two decades. Vehicles sold 2024: 988,000 Most popular models: Tucson, Santa Fe, Elanta Founded: December 1967 Market share: 11% From Good to Great There is no question Hyundai’s market share will continue to grow. If you turn back the clock a decade ago, Hyundai (and by extension Kia) was a good car company that held its own and had the best warranty in America. Fast forward to today, and Hyundai and Kia can do no wrong. The Tucson, Santa Fe, and the K5 are selling out as fast as the company can make them. Hyundai’s emphasis on making many features standard compared to luxury auto brands is winning customers over en masse, a lesson Ford should be taking note of. 2. Mazda Mazda isn’t just the “Zoom Zoom” brand anymore. Vehicles sold 2024: 424,382 Most popular models: CX-5, CX-30, CX-9 Founded: January 1920 Market share: 3.6% Growing Fast Buying a Mazda is a good balance between fun and luxury. Mazda must be doing something right for a car company to see a 16% change in annual sales year over year between 2023 and 2024. With a lineup that appeals to all types of customers of all budgets, the company has positioned itself somewhere between luxury vehicles and budget-friendly, and it’s working in a big way. Mazda’s emphasis on affordability without compromise, including its wildly popular CX-30, is paying off and Ford should watch out as Mazda will only keep growing. 1. Tesla Tesla is now the largest market cap in the US auto industry. Vehicles sold 2024: 634,000 Most popular models: Model 3, Model Y Founded: 2003 Market share: 4% The EV King The Tesla brand shows no signs of slowing down its growth. With a 50% market share of the electric vehicle market in the United States, Tesla has already overtaken Ford for its crown in some ways. Along with having a (much) larger market cap, Tesla is well on its way to dominating the US market and pushing it toward an electric future whether other car companies want to acknowledge this reality or not. Ford may not stand a chance if Tesla figures out how to make supercharger stations as numerous as gas stations. The post 8 Auto Companies That Could Take Ford’s Crown in America Within the Next 10 Years appeared first on 24/7 Wall St..
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Volkswagen to Recall More Than 60K Vehicles to Fix Display Defect
VWAGY is set to recall 60,490 vehicles in the United States to fix a defect that prevents the display of the gear position.
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Is Porsche stock a buy in 2025?
Porsche is one of the biggest automotive companies in the world by market capitalization. Interestingly enough, the luxury carmaker only had its initial public offering (IPO) back in late 2022.
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Volkswagen to recall over 60,000 US vehicles, NHTSA says
Volkswagen is recalling 60,490 U.S. vehicles due to a failure to display the gear position that may result in a vehicle rollaway if the parking brake is not engaged, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday.
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Trump's Auto Tariffs Threaten Industry as Automakers Struggle to Adapt
Major automakers are preparing to protect their market position as Trump's new auto tariffs threaten to disrupt supply chains, hike costs and slow down production.
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Russian banker Kim boosts car leasing, finance portfolio with VW bank buy
Russian banker Igor Kim has acquired Volkswagen Bank Rus, the German automaker's former finance arm in Russia, federal tax documents showed, adding to the businessman's growing portfolio that includes British bank HSBC's former Russian subsidiary.
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Porsche names new CFO and sales chief in bid to revive performance
Luxury carmaker Porsche replaced its CFO and head of sales on Wednesday with two company veterans as it reshuffles its board in the hopes of reviving flagging performance and a weak share price.
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India singles out VW in $1.4 billion tax dispute, says Kia corrected course
Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show.
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We are very concerned about the rise of the AfD, says IG Metall's chief negotiator at Volkswagen
Thorsten Gröger, chief negotiator at Volkswagen IG Metall, discusses the auto industry and German elections.
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CATL's Expanding EV Battery Empire: Can It Overcome U.S. Scrutiny?
The electric vehicle (EV) industry has been evolving rapidly, and battery technology is at the heart of this transformation. One company leading the charge is China-based Contemporary Amperex Technology Co. Limited (CATL), the world's largest EV battery maker.
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Porsche Experience Centers welcome the new Macan Electric to the track
Three different Drive programs offer customers a new way to experience Porsche Three different Drive programs offer customers a new way to experience Porsche
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Italy's antitrust agency opens probe on Stellantis, Volkswagen, Tesla and BYD for misleading consumer information
Italy's antitrust agency said on Friday it had opened a probe on BYD , Stellantis , Tesla and Volkswagen for allegedly misleading consumer information on their electric vehicles.
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China's CATL to deepen battery R&D cooperation with Volkswagen
CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said on Friday.
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Bidding opens for Porsche and RM Sotheby's 911 S/T auction in support of the American Red Cross disaster relief
The auction supported by Andreas Preuninger and Porsche-enthusiast Orlando Bloom runs until February 20th and includes a limited-edition 911 S/T Porsche Design timepiece The auction supported by Andreas Preuninger and Porsche-enthusiast Orlando Bloom runs until February 20th and includes a limited-edition 911 S/T Porsche Design timepiece
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Traton: A Truck Titan Ready To Prosper But Stay On The Sidelines (Rating Downgrade)
Traton, a truck manufacturer, has shown impressive performance, with a 5% YoY growth in industrial revenues and a strong market presence in South America. Despite challenges in 2024, Traton's strategic positioning in key markets and improved RoS indicate potential for profitability. TRATF remains undervalued compared to peers, and, given preliminary data, Traton may outperform expectations.
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Rivian Q4 Earnings Preview: What's At Stake
Rivian's Q4 earnings report is critical, with a DOE loan and Volkswagen investments at risk depending on Gross Profit results, and with only 18 months of cash runway remaining. RIVN exceeded Q4 delivery expectations but needs to show stronger gross profit metrics and secure more capital to sustain growth. The partnership with Volkswagen is crucial, providing manufacturing knowledge and cash, but Rivian's overvaluation on key metrics remains a concern.
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Volkswagen Group and CGI deepen global collaboration
Stock Market SymbolsGIB.A (TSX) GIB (NYSE) cgi.com/newsroom Partners initiate development unit for Volkswagen Group-wide digitalization projects Goal is fast and efficient software development for new IT systems at Volkswagen Board Member at Volkswagen Group for IT, Hauke Stars: "Collaboration is a further step to secure the increasing demand for software development performance in the Volkswagen Group" MONTRÉAL, Quebec and WOLFSBURG, Germany , Feb. 17, 2025 /PRNewswire/ - The Volkswagen Group and CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, announce the deepening of their global collaboration. This move strengthens the Volkswagen Group's long-term capabilities to further expand a powerful IT infrastructure for the future.
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Volkswagen sets internal VW brand margin target of 6.5%, says Business Insider
German carmaker Volkswagen has issued internal targets to improve the profit margin for sales from its VW car business to 6.5%, up from about 2% previously reported, news website Business Insider said, citing documents it obtained.
reuters.com
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VW, Audi consider keeping combustion engines longer in Europe - Handelsblatt
German carmakers Volkswagen and Audi are considering allowing some combustion engine models to run longer in Europe, the Handelsblatt business news outlet reported on Thursday citing sources.
reuters.com
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Porsche aims to cut around 1,900 jobs by 2029, reports DPA
German carmaker Porsche AG wants to cut around 1,900 positions by 2029, the DPA news agency reported on Thursday.
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Porsche and RM Sotheby's to auction rare 911 S/T to support the American Red Cross
The auction also includes a limited-edition 911 S/T Porsche Design timepiece and an exclusive owner's manual pouch personally signed and dedicated to the winner by Andreas Preuninger The auction also includes a limited-edition 911 S/T Porsche Design timepiece and an exclusive owner's manual pouch personally signed and dedicated to the winner by Andreas Preuninger
globenewswire.com
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Volkswagen's $1.4 billion India tax tussle rekindles foreign investor fears
India's demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy.
reuters.com
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Struggling Europe automakers have no choice but to 'take the situation as it is': Analyst
Horst Schneider of BofA Global Research discusses the struggles faced by Europe's auto sector due to the increasing Chinese competitiveness, made worse by potential Trump tariffs. Meanwhile he highlights that Europe may cut back on their emission regulation targets and reduce their push for electric vehicles.
youtube.com
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Porsche AG: Longer Path To Profitability (Rating Downgrade)
Porsche AG's profitability is expected to decline with new expenses reducing profit margins to 10-12% in 2025, with recovery not anticipated until 2027/28. Management changes, including the departure of the CFO and Head of Sales & Marketing, signal a strategic restart amid execution issues. Porsche's multiple is no longer justified. We moved our rating to a sell.
seekingalpha.com
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Here's why the Porsche stock price has imploded
Porsche stock price has imploded, and moved to a record low as the company goes through one of its worst crises in decades. It slumped to an all-time low of €55.56, down by over 55% from its all-time high, bringing its market cap to over €25 billion.
invezz.com
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Exclusive: VW's SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered
Volkswagen's SEAT, the Spanish subsidiary of Europe's largest carmaker, will be forced to cut output and lay off around 1,500 workers if the EU does not lower its tariff on the brand's China-made electric car by the end of March, its CEO told Reuters.
reuters.com
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Luxury carmaker Porsche's grim 2025 outlook sends shares down
Porsche AG shares fell 7% in early Friday trade after the luxury carmaker forecast a preliminary profit margin of 10%-12% for 2025, far below expectations, as it struggles to boost flagging sales and weak demand in China.
reuters.com
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Porsche says vehicle development expenses to impact 2025 operating profit
Porsche AG said on Thursday that expenses for the vehicle development and battery activities in its subsidiaries will impact its operating profit and automotive net cash flow for up to 800 million euros ($830.80 million) in 2025.
reuters.com
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Exclusive: India accuses Kia of evading taxes of $155 mln in VW-like dispute
India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources.
reuters.com
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Dassault Systemes signs strategic partnership with Volkswagen
French software group Dassault Systemes on Tuesday announced a long-term partnership with Volkswagen to accelerate the German carmaker's transition towards software defined vehicles.
reuters.com
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Dassault Systèmes and Volkswagen Group Implement the 3DEXPERIENCE Platform to Optimize Vehicle Development
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)-- #3DEXPERIENCE--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and Volkswagen Group today announced a long-term partnership to advance Volkswagen Group's digital infrastructure for state-of-the-art vehicle development by implementing Dassault Systèmes' 3DEXPERIENCE platform. Volkswagen Group has chosen the 3DEXPERIENCE platform on the cloud as a main engineering and manufacturing platform. Engineers, designers and other professionals across the Volkswagen.
businesswire.com
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Volkswagen counts on talks to avoid trade conflict after Trump tariffs
Volkswagen is counting on talks to avoid trade conflict, Europe's biggest carmaker said on Sunday, after U.S. President Donald Trump ordered tariffs on goods from Mexico, Canada and China.
reuters.com
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Porsche starts talks to end CFO, sales chief contracts
Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday, as it struggles to boost flagging earnings and weak sales in China.
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Exclusive: Volkswagen sues India to quash 'enormous' $1.4 bln tax demand, legal filing shows
Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation rules for car parts and will hamper the company's business plans, court papers show.
reuters.com
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2 Surprising Stock Rallies: Volkswagen and Germany
The big test for Volkswagen will come in 2026, when it tries to play catch-up in electric vehicles with four models. And Germany's rally looks like it has legs.
barrons.com
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Volkswagen board members push for further cuts, Handelsblatt reports
Concerns are growing among Volkswagen's board members that sweeping cuts agreed with unions late last year will not be enough to turn around the struggling carmaker's core brand, the Handelsblatt business daily reported on Thursday.
reuters.com
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