Streetbeat News

VWAGY

Volkswagen AG

https://www.volkswagenag.com/

Open

9.14

Mkt cap

45B

Volume

40K

High

9.14

P/E Ratio

3.53

52-wk high

16.48

Low

9.08

Div yield

0.12

52-wk low

8.83

Volkswagen has appointed Kjell Gruner, a former Rivian executive, as the head of its American business. This move comes as Volkswagen navigates its electric vehicle transition and ongoing negotiations with the United Auto Workers union.

Portfolio Pulse from

November 19, 2024 | 4:30 pm

Rivian's stock price surged following news that Volkswagen is considering increasing its investment in the company. This development has sparked investor interest, raising questions about whether it's too late to buy Rivian shares.

Portfolio Pulse from

November 18, 2024 | 2:15 pm

Volkswagen is considering closing three factories in Germany, potentially leading to significant job losses and salary reductions. The company also reported a 63.7% drop in third-quarter net profit.

Portfolio Pulse from

November 14, 2024 | 6:00 pm

Rivian has entered into a $5.8 billion deal with Volkswagen, which is seen as exceptionally bullish for Rivian. This partnership could enhance Rivian's market position and technological capabilities.

Portfolio Pulse from

November 13, 2024 | 9:30 pm

Rivian Automotive Inc's joint venture with Volkswagen involves an $800 million investment, raising concerns from UBS analysts about aiding a competitor. The total $5.8 billion funding provides financial support for Rivian, but technology-sharing with VW needs careful management.

Portfolio Pulse from

November 13, 2024 | 6:00 pm

Rivian Automotive's stock surged following the announcement of an expanded joint venture with Volkswagen, aimed at increasing their market share in the electric vehicle sector.

Portfolio Pulse from

November 13, 2024 | 5:15 pm

Rivian's shares surged over 13% in premarket trading following a $5.8 billion investment from Volkswagen in their joint venture.

Portfolio Pulse from

November 13, 2024 | 12:15 pm

Unipart Signite has secured a two-year contract with Volkswagen Group UK to implement its SAP Enterprise Warehouse Management solution for Volkswagen's One Aftersales business, enhancing supply chain operations for UK brands and retailers.

Portfolio Pulse from

November 13, 2024 | 9:45 am

Volkswagen Group has increased its investment in Rivian Automotive by $800 million, bringing the total to $5.8 billion. This move strengthens the partnership between the two companies.

Portfolio Pulse from

November 13, 2024 | 9:00 am

Rivian Automotive Inc. and Volkswagen Group have expanded their joint venture to $5.8 billion, aiming to develop advanced EV technology.

Portfolio Pulse from

November 12, 2024 | 11:00 pm

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