Streetbeat News

VWAGY

Volkswagen AG

https://www.volkswagenag.com/

Open

11.96

Mkt cap

60B

Volume

24K

High

11.97

P/E Ratio

5.12

52-wk high

16.48

Low

11.80

Div yield

0.08

52-wk low

8.57

Germany is set to oppose EU tariffs on Chinese EVs, influenced by industry leaders and labor unions. This decision could impact international trade, especially for German carmakers with significant sales in China. Tesla's expansion in Germany highlights its growing presence in the European EV market.

Portfolio Pulse from Kaustubh Bagalkote

October 04, 2024 | 3:34 am

The European Union is considering final tariffs on Chinese electric vehicle (EV) makers to protect its own automobile industry. However, this move could lead to a trade war with China, affecting EU's export-dependent companies and critical raw material supplies. Automakers like BMW and Volkswagen have warned against these tariffs, fearing retaliatory measures from China. The EU remains dependent on China for essential raw materials, complicating the situation.

Portfolio Pulse from European Capital Insights

October 02, 2024 | 2:56 pm

The Chinese stock market has experienced a significant rally, breaking a negative pattern with the CSI 300 index jumping 8.5%, the largest gain since 2008. This rally is driven by FOMO among foreign investors and a shift from Chinese Treasury bonds to stocks. Despite poor economic data, expectations are high for future growth due to government stimulus. The Arora Report has identified new buy zones for ETFs like ASHR, FXI, and ECON. Meanwhile, negative sentiment from Europe and poor guidance from automakers like Stellantis and Volkswagen are affecting US markets, with stocks like GM and Ford under pressure.

Portfolio Pulse from The Arora Report

September 30, 2024 | 3:27 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

Porsche SE has lowered its 2024 earnings forecast to a range of $2.4 billion to $4.4 billion, down from the previous estimate of $3.5 billion to $5.5 billion. This adjustment follows Volkswagen's revised sales and profit expectations for 2024.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:39 pm

Volkswagen reports that the worsening macroeconomic environment is negatively impacting its business. This could have implications for the automotive industry, including companies like Ford, General Motors, Stellantis, and Volkswagen's US-listed ADRs.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:38 pm

Volkswagen has revised its 2024 forecast, now expecting 9 million vehicle deliveries and $320 billion in sales revenue, which is a reduction from previous estimates of up to 3% and 5% increases, respectively. The operating result is expected to be around $18 billion with a 5.6% return on sales.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:34 pm

The article discusses the challenges faced by traditional automakers like Ford, GM, and Volkswagen in adapting to the EV era, as they face competitive pressure from Chinese EV makers like BYD and XPeng. Ford is struggling with its EV business, while Volkswagen faces potential strikes over plant closures. Meanwhile, Chinese EV makers are expanding aggressively in Europe.

Portfolio Pulse from Upwallstreet

September 26, 2024 | 3:54 pm

Alphabet Inc. and Volkswagen AG are collaborating to launch an AI assistant for drivers, utilizing Google's advanced technology. The AI assistant, integrated into a smartphone app, will assist Volkswagen drivers with tasks like changing a flat tire. This partnership highlights Volkswagen's efforts to integrate AI into vehicles amid industry challenges.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 11:51 am

Tesla and Chinese EV startups are leading in the software race for electric vehicles, outpacing traditional automakers like Toyota and Volkswagen. Despite challenges such as U.S. sanctions and a domestic price war, Chinese EV companies remain competitive. Tesla's stock has seen a slight increase over the past year.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 4:23 pm

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