Volkswagen Financial News

31.07 / 12:27

Volkswagen Platform Software Biogen Shell PacWest reports Deal 4 big deal reports: Biogen shells out $7.3B for Reata Pharma

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: merger deals at Biogen/Reata Pharmaceuticals, Banc of California/PacWest, Maxlinear terminates merger with Silicon Motion, and Volkswagen acquires minority stake in XPeng.

30.07 / 12:27

CEO Volkswagen Platform Porsche Audi exclusive Lamborghini to unleash its first-ever electric 2+2 Grand Tourer in 2028: Report

electric vehicle (EV). However, specific details regarding the forthcoming pure electric grand tourer have not been disclosed by the brand. According to Lamborghini CEO Stephen Winkelmann, the company's first-ever pure electric car will feature a higher ground clearance compared to their traditional sports cars, reported HT Auto.

30.07 / 12:03

UPS Reuters CEO Volkswagen Tesla week Tesla's India moves - and dashboard manipulation allegations: This week in EVs

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla is knocking on India’s door; Stellantis and rivals come together to challenge Tesla's charging-standard dominance; and an electrifying alliance between Volkswagen and Xpeng.

28.07 / 10:42

UPS Manufacturing Volkswagen Toyota Hyundai Nissan Renault-Nissan set to produce two new electric vehicles: Report

electric vehicle that Renault-Nissan plans to launch in the Indian market remains unclear. However, they already offer an electric version of the Kwid called the Dacia Spring in the global market. The Dacia Spring features a single electric motor generating 44 hp of maximum power in its base variant, and it claims a driving range of 230 km on a single charge.

28.07 / 07:19

Waters Volkswagen Compilation BMW Mercedes-Benz Highways Ship carrying nearly 3800 vehicles including BMWs and Mercedes still ablaze off coast for second day

The Dutch coast guard, in charge of managing the situation, has reported that a cargo ship carrying nearly 3,800 cars and construction vehicles is expected to keep burning for several more days. The vessel, named Fremantle Highway, caught fire off the coast of the Netherlands during the early hours of Wednesday. Tragically, one crew member lost their life, and several others sustained injuries, being airlifted or taken by lifeboats for medical assistance.

27.07 / 20:07

UPS Cooper Booking Volkswagen Strategy Audi boost fall Volkswagen takes steps to boost its China business as first-half earnings fall by 20%

Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year

27.07 / 07:11

COST Target Volkswagen Strategy Nissan Renault posts record H1 operating margin helped by higher priced new cars

By Victor Goury-Laffont and Gilles Guillaume

27.07 / 06:11

Volkswagen Volkswagen to focus on improved net cash flow in H2

BERLIN (Reuters) -Volkswagen will concentrate on improving net cash flow in the second half as logistics bottlenecks ease, the German carmaker said on Thursday, even as it slightly lowered its 2023 outlook for deliveries.

21.07 / 20:08

Volkswagen Software information Official at automaker FCA US pleads guilty in scheme to withhold emission systems information

An official at automaker FCA US has pleaded guilty in federal court in a scheme to withhold emission systems information on more than 100,000 vehicles

19.07 / 13:03

Volkswagen Tesla Hyundai network Automakers plug into Tesla's EV charging network

Tesla's North American Charging Standard (NACS) is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen and Hyundai Motor.

18.07 / 15:05

Volkswagen surges CIE Automotive India's Q2 profit surges on robust domestic, European demand

BENGALURU : Auto components supplier CIE Automotive India on Tuesday reported a 60% jump in second-quarter profit, boosted by the growth in Indian and European markets. The unit of Spain's CIE Automotive reported a consolidated net profit of ₹302 crore ($36.8 million) for the quarter ended June 30, compared to ₹189 crore a year ago.

18.07 / 12:43

UPS Lowe's Citizens Waters Volkswagen Tesla information expansion Tesla to hold citizen information session on expansion plans for German plant

Tesla is due to hold a question-and-answer session on Tuesday for citizens in the German state of Brandenburg on the ramifications of a planned expansion of its EV and battery plant which would make the site the biggest car plant in the country. The event could help the U.S. carmaker prevent delays to securing the go-ahead from local authorities for the expansion plans similar to those it faced in preparing to open the plant, when numerous citizen objections put it behind schedule.

14.07 / 14:45

COST UPS Target Manufacturing Volkswagen Jack Mintz: Forget the 'just transition.' It's the Boondoggle Transition

Forget “energy transition” and “just transition” to describe the transformation of our energy systems. Call it the “boondoggle transition” because that’s what it is turning into.

12.07 / 12:51

UPS Ford Volkswagen Strategy Shell Deal Grab Big Automakers Grab $1 Billion Deal for Urgently Needed Battery Metals

The world’s largest automakers are moving deeper into the supply chain for metals to power their electric cars. A $1 billion deal set to close in the coming weeks highlights the urgency of their effort and the risks they are taking to get there. Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper from two Brazilian mines that run on hydropower.

10.07 / 04:25

COST UPS Provident Siemens Volkswagen Strategy businesses German businesses bet big on China, and they’re starting to worry

Karl Haeusgen’s grandfather invented a hydraulic pump he was so proud of that he founded a company to sell it. Back then, there were no revenue projections or five-year growth strategies. The plan was survival: “It was just about grabbing chances,” Haeusgen said.

06.07 / 19:01

Ford Volkswagen Toyota Hyundai Drop Republican attorneys general urge Biden to drop EPA emissions plan

By David Shepardson

06.07 / 12:43

Booking Volkswagen Volkswagen India announces monsoon service camp: Dates, offers and other benefits

Volkswagen Passenger Cars India, said “Through the monsoon campaign, we aim to reiterate the importance of pre-monsoon maintenance care that is needed to ensure customer and vehicle safety owing to the tough driving conditions that the season brings." During the campaign, Volkswagen owners can avail complimentary 40-point checkup of their vehicle. The check-up will assess whether the car requires any maintenance and repair services, thus helping in avoiding any potential breakdowns.

06.07 / 12:01

UPS FIVE Manufacturing Volkswagen Volkswagen Taigun achieves 5-Star rating in Latin NCAP crash test

5-star ratings in the Global NCAP crash tests. Building on this achievement, the Taigun has recently undergone the Latin NCAP crash test and has also secured a commendable 5-star rating. The Taigun model tested by Latin NCAP included six airbags, an Electronic Stability Program, and Autonomous Emergency Braking. In terms of safety ratings, the SUV achieved a score of 92 per cent for adult protection, 92 per cent for child protection, 55 per cent for pedestrian and vulnerable road user protection, and 83 per cent for the safety assist system.

05.07 / 18:07

UPS Citi Manufacturing Volkswagen Solomonic Audi Audi to unveil electric vehicle manufacturing plans in Mexico -sources

By Daina Beth Solomon and Dave Graham

04.07 / 14:53

UPS Reuters Booking Volkswagen Gap Strategy German firm sees U.S. getting lion's share of 100 billion euro military fund

By Alexander Hübner

03.07 / 09:43

Volkswagen Tesla Audi Tesla and BYD record over 11 lakh EV sales in Q2

Tesla and BYD set sales records in the second quarter, widening their lead as the world’s best-selling electric-car makers. Elon Musk-led Tesla delivered 4,66,140 cars worldwide, beating Wall Street estimates. BYD, China’s top-selling car brand, posted its best-ever quarter, selling 7,00,244 fully electric and plug-in hybrid vehicles.

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