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

Major automakers like Volkswagen, BMW, and Ford are exploring the use of hemp in vehicle manufacturing to enhance sustainability and reduce carbon emissions. This initiative aligns with the growing demand for eco-friendly products.

Portfolio Pulse from El Planteo

September 05, 2024 | 3:21 pm

Jeep has temporarily halted production of its Wrangler and Grand Cherokee models due to high inventory levels and sluggish sales. Stellantis, Jeep's parent company, confirmed the production adjustments at its Detroit and Toledo plants. The company faces high inventory levels, declining sales, and dealer complaints, leading to a 21% drop in sales during the first half of the year. Stellantis is considering trimming production and reducing prices to clear excess inventory.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 5:51 am

Volkswagen's CUPRA brand faces a crisis as the European Commission considers a 21.3% import tariff on its Chinese-manufactured electric SUV, the Tavascan. This could jeopardize CUPRA's financial future, EU carbon targets, and lead to job cuts in Spain.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 5:23 pm

Elon Musk questions Volkswagen's ability to fund a $5B investment in Rivian amid reports of potential factory closures in Germany. The joint venture aims to develop next-gen EV platforms, with Rivian planning to use the funds to ramp up production.

Portfolio Pulse from Anan Ashraf

September 03, 2024 | 10:35 am

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

Volkswagen AG has delayed the launch of its new ID.4 models from the Trinity EV project to the early 2030s due to software issues at its Cariad subsidiary. The project, initially set for a 2026 launch, has been postponed, and the company plans to release an updated ID.4 model in 2026 using a new version of its existing MEB platform. The delay is part of a broader reshuffling of plans and cost-cutting efforts amid weak electric car demand.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 5:18 pm

Global giants like Volkswagen, Mercedes-Benz, and L'Oréal are concerned about reduced demand in China due to a slowing economy and growing domestic competition. L'Oréal predicts a 2-3% fall in sales growth, and Porsche reports a one-third decrease in Chinese sales. Despite challenges, Yum China reported better-than-expected first-half results. Chinese tech giants Alibaba, Tencent, and JD.com are expected to provide further insights as they report earnings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 1:07 pm

South Korea is considering a mandate for automakers to disclose the brands of batteries used in their EVs following a recent fire incident involving a Mercedes-Benz EV. This move aims to address rising safety concerns and could impact automakers like Hyundai, Mercedes-Benz, and Volkswagen.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:41 am

The latest earnings reports from Rivian and Lucid highlight the struggles of pure play EV makers and the importance of wealthy backers for their survival. Rivian benefits from a $5 billion joint venture with Volkswagen, while Lucid is supported by Saudi Arabia’s Public Investment Fund. Both companies are working on new models to attract customers. Worksport is also expanding its market presence with innovative products for electric pickups.

Portfolio Pulse from Upwallstreet

August 08, 2024 | 7:32 pm

Rivian Automotive (NASDAQ:RIVN) received mixed reactions from analysts following its Q2 earnings report. Analysts highlighted partnerships with Volkswagen and Amazon, and the upcoming launch of R2 vehicles. Price targets ranged from $15 to $21, with a focus on profitability and production updates.

Portfolio Pulse from Chris Katje

August 07, 2024 | 3:47 pm

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