Streetbeat News

VWAGY

Volkswagen AG

https://www.volkswagenag.com/

Open

9.33

Mkt cap

44B

Volume

39K

High

9.33

P/E Ratio

3.34

52-wk high

16.48

Low

9.25

Div yield

0.12

52-wk low

9.10

Super Bowl LVIII will feature commercials from a wide range of companies, with Paramount Global airing the game on CBS, Nickelodeon, and Paramount+. The trend of celebrity inclusion in ads continues, with a notable focus on the 'Taylor Swift effect' expected to boost viewership. Companies like E.L.F. Beauty and Unilever are airing Super Bowl commercials for the first time in years, while Anheuser-Busch InBev and Molson Coors Beverage Company leverage the event to promote their beer brands. Other notable ads include FanDuel's interactive commercial, PepsiCo's introduction of Starry, and tech companies like Google and Microsoft showcasing their latest innovations. The event will also feature movie and TV series trailers from Paramount, The Walt Disney Company, and Comcast Corporation.

Portfolio Pulse from Chris Katje

February 09, 2024 | 4:41 pm

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

Volkswagen AG (OTC:VWAGY) has postponed the sale of a stake in its battery unit, PowerCo, and its IPO due to a slowdown in the EV market. The company's preference shares fell by 1% after the news. VW is reevaluating its long-term funding plans for PowerCo, which was established to compete with Tesla Inc. (NASDAQ:TSLA) in the EV sector. Despite the delay, VW aims to be ready for investors from 2024. The EV market's slowdown is evident with VW-backed JAC's Yiwei EV, the first to use a sodium-ion battery, set to deliver in 2024, and QuantumScape Corp.'s shares, which VW is partnering with for solid-state batteries, pulling back after initial gains.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 12:19 pm

Analyst Gordon Johnson from GLJ Research criticized Tesla Inc (NASDAQ:TSLA) following their earnings report, calling the Optimus humanoid robot a 'fake' and questioning Elon Musk's ability to deliver on promises. Johnson highlighted weaker demand for EVs, Tesla's reduced growth forecast from 50% to 37%, and concerns over profitability due to falling margins, increased tax rates, and price cuts. He also mentioned that traditional carmakers like Ford (NYSE:F), General Motors (NYSE:GM), and Volkswagen (OTC:VWAGY) are scaling back EV investments due to lack of profitability.

Portfolio Pulse from Neil Dennis

January 25, 2024 | 5:50 pm

Porsche AG (OTC:POAHY) has seen its market value decrease by about a fifth since last year, with its price-to-earnings multiple also declining, contrasting with the high expectations from its IPO. Challenges such as a downturn in China, Porsche's largest market, and production issues with the electric Macan SUV have contributed to the decline. Despite this, analysts see a potential 34% gain in Porsche's stock over the next 12 months. Porsche is set to reveal its electric Macan in Singapore, which aligns with its strategy to innovate while maintaining brand identity.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 11:56 am

BYD Company is shifting from pouch-type to prismatic batteries for its hybrids to address safety concerns. The transition will phase out pouch cells by early 2025, with factories in Shaanxi, Zhejiang, and Qinghai provinces affected. This move aligns with industry trends, as safety issues with pouch batteries have been highlighted by Volkswagen and Tesla. BYD's new 'Short Blade' prismatic batteries are a technological advancement, with hybrids making up nearly half of BYD's 2023 car sales. The financial impact of this shift on BYD is currently unknown. BYDDY shares closed down 3.23% at $52.14.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 2:10 pm

Volkswagen AG's passenger cars brand is confident in overcoming disruptions from recent Red Sea attacks, unlike Tesla Inc, which halted production at its Giga Berlin factory. Volkswagen has been working with shipping companies to prevent delays and reported a 12% increase in deliveries for 2023, with significant growth in Europe, North America, and China. The company also saw a 34.7% increase in fully electric vehicle deliveries, now making up 8.3% of total deliveries.

Portfolio Pulse from Shivani Kumaresan

January 12, 2024 | 1:22 pm

Tesla, Inc. (TSLA) has outperformed legacy automakers in U.S. sales growth over the past eight years, despite a general industry slowdown. Elon Musk praised his team in response to a Tesla influencer's post showing Tesla's U.S. sales increase by 632,088 units from 2015 to 2018. Legacy automakers like GM, Ford, and Stellantis reported sales declines, while Hyundai, Kia, Volkswagen, Geely, Subaru, and Mazda saw growth. Tesla's Q4 deliveries hit a record 484,507 units, with annual deliveries of 1.81 million. Tesla's production efficiency, diversified bases, and product appeal contribute to its success, while legacy automakers scale back EV ambitions. BYD has recently surpassed Tesla in battery EV manufacturing. Tesla's stock closed down 2.87% at $227.22.

Portfolio Pulse from Shanthi Rexaline

January 12, 2024 | 6:42 am

At the Consumer Electronics Show, Volkswagen (OTC:VWAGY) introduced a GPT-powered voice assistant for vehicles, while Kodiak Robotics unveiled a semi-truck with advanced safety technology, aiming for deployment in 2024. Hyundai showcased its EV range and eVTOL aircraft. Major automakers like Ford (NYSE:F), General Motors (NYSE:GM), Stellantis (NYSE:STLA), and Toyota (NYSE:TM) were absent, but Honda (NYSE:HMC) debuted its new global electric vehicle series.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 8:21 pm

Volkswagen AG (OTC:VWAGY) announced plans to integrate OpenAI's ChatGPT, using Cerence Inc's (NASDAQ:CRNC) Chat Pro software, into its vehicles equipped with the IDA voice assistant. The feature will be available in European models such as the ID.7, ID.4, ID.5, ID.3, Tiguan, Passat, and Golf starting in the second quarter. Although not currently planned for U.S. models, Volkswagen is considering the integration. The AI chatbot will assist with general knowledge, infotainment, navigation, air conditioning, and reading aloud content, with a focus on data protection by deleting questions and answers immediately.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 5:45 am

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