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

Rivian's stock price increased following news that Volkswagen will provide additional capital. The partnership, established in June, could bring Rivian around $5 billion in the coming years.

Portfolio Pulse from

November 12, 2024 | 9:45 pm

Rivian and Volkswagen have increased their joint venture deal to $5.8 billion, with the first VW models using Rivian's software and electrical architecture expected by 2027.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

Rivian Automotive and Volkswagen Group have announced a joint venture named 'Rivian and VW Group Technology, LLC' with a deal size of up to $5.8 billion, set to begin on November 13. The JV aims to develop next-generation electrical architecture and software.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

Volkswagen and Rivian have formed a joint venture, strengthening their alliance. This follows Volkswagen's previous announcement to invest up to $5 billion in Rivian, an electric vehicle manufacturer.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

Rivian and Volkswagen Group have finalized a joint venture to develop software, with Volkswagen investing up to $5.8 billion by 2027. This investment is 16% more than initially announced.

Portfolio Pulse from

November 12, 2024 | 9:30 pm

Volkswagen AG is facing challenges with its new Scout brand due to opposition from U.S. franchise dealers over its direct-to-consumer sales strategy. Despite past scandals and slow BEV adoption, VW aims for growth through strategic investments and cost-cutting measures.

Portfolio Pulse from

November 11, 2024 | 10:30 pm

The 'Premium and Luxury Cars in Sweden' report highlights Volkswagen Group's recent outperformance over Mercedes-Benz in the Swedish market, with electric vehicles (EVs) expected to continue growing in popularity.

Portfolio Pulse from

November 11, 2024 | 3:00 pm

Volkswagen is set to recall 114,478 vehicles in the US due to concerns over the driver-side airbag, as announced by the National Highway Traffic Safety Administration.

Portfolio Pulse from

November 07, 2024 | 11:00 am

Workers at Volkswagen's Osnabrueck plant are conducting warning strikes due to concerns over pay and potential plant closure as part of the company's restructuring plans.

Portfolio Pulse from

November 06, 2024 | 9:00 am

Volkswagen AG is planning to close three factories in Germany, leading to job cuts and wage reductions. This move is part of efforts to address challenges faced by the brand. The company is also dealing with high energy and labor costs, and a decline in electric vehicle deliveries.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 6:24 pm

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