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

Volkswagen has extended its global creative contract with Omnicom's DDB for another three years. This partnership, which has lasted over six decades, has produced some of the most iconic advertising campaigns in history.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:13 pm

Audi's upcoming China-specific EV series will not feature its iconic four-ring logo, reflecting a shift towards local suppliers and technologies. The series, internally known as 'Purple,' will be developed in collaboration with SAIC and feature components from CATL and Momenta. This move aims to strengthen Audi's position in the competitive Chinese EV market.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:41 pm

Rivian and Volkswagen have received approval from German authorities to form a joint venture. Volkswagen will invest up to $5 billion, with $3 billion going to Rivian and $2 billion in the joint venture, contingent on meeting certain milestones. The partnership aims to leverage Rivian's software expertise for next-gen EV architecture.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:19 pm

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm

ON Semiconductor Corporation (NASDAQ:ON) has signed a multi-year agreement with Volkswagen Group (OTC:VLKAF, OTC:VWAGY) to supply advanced EV solutions, leading to a 3.06% increase in ON's stock price. The deal includes providing a power box solution for Volkswagen's next-generation traction inverter. ON Semiconductor's new silicon carbide plant in the Czech Republic will enhance supply chain efficiency. Investors can gain exposure to ON stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and Return Stacked Bonds & Managed Futures ETF Veridien Climate Action ETF (NYSE:CLIA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 12:19 pm

Onsemi has signed a multi-year deal with Volkswagen to supply silicon carbide-based solutions for their vehicle lineup. This includes an integrated module compatible with all vehicle categories. Volkswagen will also benefit from Onsemi's planned expansion of silicon carbide manufacturing in the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:08 am

Xpeng Inc (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have announced a partnership to develop a new EV architecture, with project houses set up in Guangzhou and Hefei, China. The collaboration aims to start production by 2026, equipping all Volkswagen EVs in China with the new architecture. This partnership comes amid geopolitical tensions and market challenges for Chinese EV stocks.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 2:48 am

XPeng Inc (NYSE:XPEV) shares are trading lower in the premarket session due to reports of potential U.S. chip sale restrictions on China. Despite this, XPeng's partnership with Volkswagen is progressing, with significant collaboration in EV technology. Volkswagen plans to invest $700 million in XPeng and co-develop two EV models. XPeng's G6 model also made its U.K. debut recently.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 1:17 pm

EU nations are divided over the imposition of tariffs on Chinese electric vehicles (EVs). The European Commission has imposed provisional tariffs of up to 37.6% and is considering input from member states. France, Italy, and Spain support the tariffs, while Germany, Finland, and Sweden abstained. The Commission may consider reduced tariffs for BMW and Volkswagen models made in China.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 6:16 pm

The European Commission has indicated to BMW and Volkswagen that it may reconsider tariffs on their China-made electric vehicles (EVs), according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:46 pm

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