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

A senior executive from Volkswagen (VW) has been deported from China, raising concerns about the company's operations in the region. This incident may impact VW's business relations and market perception in China.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:59 pm

Volkswagen's chief marketing officer for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis. This incident highlights the strict cannabis laws in China and could impact Volkswagen's market strategy in the region. Volkswagen faces competition from local manufacturers like BYD, which has overtaken it as China's best-selling car brand.

Portfolio Pulse from Nina Zdinjak

October 22, 2024 | 2:35 pm

Elon Musk, CEO of Tesla, stated that Tesla will not acquire Rivian, an EV competitor, citing the difficulty of the car industry. Rivian faces financial challenges despite strong demand and a joint venture with Volkswagen. Musk predicts Rivian may face bankruptcy.

Portfolio Pulse from Chris Katje

October 21, 2024 | 2:52 pm

RBC Capital Markets analyst Tom Narayan reports a strong rebound in China's NEV market in Q3, easing concerns about an EV slowdown. PHEVs and BEVs both showed significant growth, with Tesla's sales in China increasing by 66% year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

October 15, 2024 | 6:10 pm

Volkswagen's EV sales dropped 10% in Q3, with significant declines in the US and EU, but a 5% increase in China. The company plans to boost sales with new models in the coming months.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 7:24 am

Germany's manufacturing sector is experiencing a significant downturn, with new orders falling by 5.8% in August, much more than the expected 2% drop. This decline could have global repercussions, affecting U.S. companies that do business with German firms. The iShares MSCI Germany ETF (EWG) and other European-focused ETFs have shown limited growth compared to U.S. markets.

Portfolio Pulse from Hayden Buckfire

October 07, 2024 | 3:32 pm

German recession fears rise as factory orders drop significantly in August, leading to concerns about Europe's largest economy. The decline in orders, especially in capital and intermediate goods, and souring business sentiment contribute to a bleak economic outlook. The DAX index fell following the news, and major German automakers like Volkswagen, Mercedes-Benz, and BMW face challenges amid increased competition and trade tensions.

Portfolio Pulse from European Capital Insights

October 07, 2024 | 3:04 pm

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

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