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

General Motors (GM) and Hyundai have signed a memorandum to explore joint product development and clean energy technologies, aiming to enhance competitiveness and efficiency. GM is also expanding its partnership with EVgo to install more fast charging stalls. The automotive market is challenging, with companies like Volkswagen and Tesla facing competition from BYD.

Portfolio Pulse from Upwallstreet

September 17, 2024 | 5:13 pm

Volkswagen Financial Services U.S. and Wells Fargo have announced a cooperation agreement to provide vehicle purchase financing for Volkswagen, Audi, and Ducati brands in the U.S. The co-branded retail financing is set to launch in April 2025.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:02 pm

Jim Cramer recommends buying PayPal due to its expanded partnership with Shopify. He advises patience with Rivian, despite its financial stability. Cramer is cautious about CVS Health and sees potential in Energy Transfer and The Home Depot. Palantir is noted for its S&P 500 inclusion.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:41 pm

Volkswagen is recalling 98,806 ID.4 electric SUVs in the U.S. due to a door handle malfunction that could cause doors to open unexpectedly. The recall affects models from 2021 to 2024. The company will inspect and replace door handles and update software at no cost to customers.

Portfolio Pulse from Anan Ashraf

September 10, 2024 | 11:09 am

Volkswagen's $5 billion deal with Rivian has caused frustration among employees at its software division, Cariad, as the CEO was not involved in the discussions. The joint venture aims to develop software for future cars, but has led to uncertainty within Cariad. Volkswagen faces falling demand and potential factory shutdowns, while Rivian plans to use the deal to boost production of its R2 SUV.

Portfolio Pulse from Anan Ashraf

September 09, 2024 | 12:43 pm

Volkswagen's PowerCo battery subsidiary is cutting production at its Salzgitter plant, raising concerns about broader cost-saving measures amid weak EV sales. The company faces financial challenges following the Dieselgate scandal, with profits down and potential plant closures looming.

Portfolio Pulse from Michael Juliano

September 06, 2024 | 7:17 pm

The Polish Ministry of Health supports decriminalizing cannabis possession and cultivation, reflecting growing public support. However, political challenges remain, with potential presidential vetoes and conservative parliamentary opposition. The cannabis industry in Poland is gaining momentum, with local hemp varieties showing promise.

Portfolio Pulse from Nina Zdinjak

September 06, 2024 | 6:10 pm

Volkswagen's PowerCo battery subsidiary will operate its Salzgitter plant in Germany at half capacity due to financial pressures and reduced EV demand. Only one of the two planned production lines will be built, reducing capacity to 20 gigawatt hours. This decision follows potential plant shutdowns and job cuts, with a narrow window to improve the situation. Despite cutbacks, production is set to start in 2025.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 12:34 pm

Tesla's announcement of its full self-driving (FSD) technology timeline for Asia and Europe is seen as a potential game-changer, especially in China. Despite potential delays, Tesla's brand strength and recent stock performance are highlighted, contrasting with issues faced by GM and Volkswagen.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 11:41 am

Toyota has reduced its 2026 EV production target by 30% to 1 million cars due to weakening global demand. This reflects a broader trend of cooling enthusiasm in the EV sector, with other automakers like Ford and GM also scaling back their EV plans.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 8:44 am

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