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

Rivian Automotive Inc. (NASDAQ:RIVN) has seen a significant stock surge following Volkswagen AG's (OTC:VWAGY) $5 billion investment. Tesla Inc. (NASDAQ:TSLA) bull Gary Black and investor Ross Gerber discussed the rationale behind this move, highlighting its potential to expand Rivian's market and provide operational support. Despite some challenges, including a recent recall, Rivian's stock saw a notable increase in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

June 26, 2024 | 2:24 am

Volkswagen Group has deployed Cerence Chat Pro, an AI-powered in-car assistant, to its European models. This marks the first time the solution is available to drivers, leveraging ChatGPT's large language model for enhanced conversational capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:04 pm

Volkswagen has integrated OpenAI's ChatGPT into its new-generation infotainment systems, including the all-electric ID models, new Golf, new Tiguan, and new Passat. This integration allows drivers to use ChatGPT for various queries through the IDA voice assistant, enhancing the user experience without compromising data protection.

Portfolio Pulse from Anan Ashraf

June 24, 2024 | 11:57 am

Hyundai Motor Company is launching two new electric vehicles in Europe, the Inster EV and a new IONIQ model, to boost its market share. Despite rivals like General Motors, Ford, and Tesla scaling back, Hyundai is pushing forward. The Inster EV will debut at the Busan International Mobility event on June 27th. Hyundai's IONIQ 5 set a new sales record in May, and the company is opening its first EV and battery plant in the US later this year. Hyundai and Kia are closing the market share gap with Tesla in the US.

Portfolio Pulse from Upwallstreet

June 21, 2024 | 3:56 pm

Chinese carmakers have urged Beijing to increase tariffs on European gasoline cars in retaliation for the EU's tariffs on Chinese-made electric vehicles. This move could impact several car manufacturers, including BYD, BMW, Volkswagen, and Porsche.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 11:57 am

China has vowed to protect its interests against the European Union's potential imposition of tariffs on Chinese electric vehicles (EVs). The EU plans to apply provisional duties of up to 25% on Chinese EV imports starting next month, which could escalate to 35%. This move aims to counteract Chinese government subsidies to its manufacturers. Companies like BYD Co, SAIC, Tesla, Volkswagen, Stellantis, Mercedes Benz, and NIO will be impacted. Reactions from these companies and industry experts are mixed, with concerns about market impact and potential retaliatory measures from China.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 1:12 pm

Taiwan Semiconductor Manufacturing Co (TSMC) and Foxconn are driving global supply chain shifts, attracting key industry players. TSMC is expanding in Germany, Japan, and the U.S., while Foxconn is growing in Mexico, India, and Southeast Asia.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 4:53 pm

Republican lawmakers have called for a ban on Chinese battery suppliers CATL and Gotion High-Tech, which are connected to Ford and Volkswagen, over forced labor allegations. They have urged the Biden administration to add these companies to the import ban list under the Uyghur Forced Labor Prevention Act. This comes amid new tariffs on Chinese EV batteries and other products.

Portfolio Pulse from Anan Ashraf

June 07, 2024 | 10:03 am

Volkswagen plans to introduce affordable electric cars priced at 20,000 euros in Europe by 2027. The company aims to make electromobility widespread with entry-level vehicles, despite challenges like rising energy and raw material costs. Volkswagen is also focusing on high localization to reduce emissions.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:59 pm

European equities closed higher on Monday, driven by expectations of an imminent ECB rate cut. Key ECB members made statements supporting a rate cut in June. The euro inched higher, and major European indices saw gains. Notable stock movers included RWE AG, Bayer AG, Volkswagen AG, Enel, Iberdrola, Eni, Novo Nordisk, LVMH, ASML, Stellantis, Ferrari, and UBS.

Portfolio Pulse from Piero Cingari

May 27, 2024 | 5:55 pm

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