Volkswagen AG

Volkswagen AG engages in the production and sale of passenger cars and light commercial vehicles. The firm also develops vehicles and components for the brands of the group. It operates through following segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes the development of vehicles, engines and vehicle software, the production and sale of passenger cars and light commercial vehicles, and the corresponding genuine parts business. The Commercial Vehicles segment covers the development, production, and sale of trucks, and buses, and the corresponding genuine parts business and related services. The Power Engineering segment deals with the development and production of large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment involves dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

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Volkswagen AG engages in the business of developing vehicles and components for the brands of the group. It operates through the following segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes developing vehicles, engines, and vehicle software; producing and selling passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment focuses on trucks, buses, corresponding genuine parts business, and related services. The Power Engineering segment is involved in large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment provides dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany.

Rivian Automotive

Goldman Sachs analyst Mark Delaney maintained a neutral rating on Rivian Automotive Inc. RIVN and raised the price target from $10 to $12.

Rivian-Volkswagen Deal Strengthens Finances, Yet EV Market Risks Remain: Goldman Sachs

In late October 2024, Volkswagen's works council announced that the group's management was considering closing three factories in Germany, which would lead to the loss of tens of thousands of jobs, as well as a general reduction in salaries. On October 30, the group announced a 63.7% fall in third-quarter net profit.

Volkswagen: the end of a German industrial myth?

Rivian Automotive Inc (NASDAQ:RIVN)'s expanded joint venture with Volkswagen will see a further $800 million pumped into the Tesla Inc (NASDAQ:TSLA) rival, but analysts at UBS have voiced concerns that Rivian “is helping a direct competitor” with the tie-up. While the $5.8 billion total funding injection will provide a substantial safety net for loss-making Rivian's finances, the electric vehicle manufacturer's technology-sharing agreements with VW will need to be prudely managed.

Rivian risks helping direct competitor with Volkswagen joint venture - analyst

Porsche Automobil Holding SE

Atlanta, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Porsche Auto Insurance (PAI), has launched a new Unlimited insurance product designed for Porsche owners who drive over 10,000 miles a year. The new Unlimited product complements the original Pay-per-mile from Porsche Auto Insurance, providing customers with the option to select a fixed policy premium instead of reporting the vehicle mileage. Porsche owners with multiple vehicles can also select Pay-per-mile or Unlimited for each vehicle on their policy, choosing the insurance that best suits their lifestyle and driving habits.

Porsche Auto Insurance introduces new Unlimited Policy

VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader aspirations than initially announced for the operations. VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture.

VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit

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Rivian and VW Are Going At It Together

Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.

Rivian shares surge on $5.8 bln Volkswagen investment in JV

24/7 Wall St. Insights Volkswagen and Rivian Automotive Inc.

Rivian and VW Try to Save Each Other

The world's second-largest automaker and the Silicon Valley startup are trying to address each other's core weakness.

Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other

Unipart Signite secures two-year contract with Volkswagen Group UK November 2024 - Unipart, the supply chain solutions and performance improvement technologies partner, has secured a two-year contract to support Volkswagen Group UK to deploy its SAP Enterprise Warehouse Management (EWM) solution within its One Aftersales business, supplying parts for a number of its UK brands and retailers.  Unipart Signite designs, implements and supports its customer's SAP solutions across the globe, combining Unipart's rich heritage in supply chain excellence with more than two decades of experience in building and running SAP systems for some of the world's largest organisations.

Unipart Signite secures two-year contract with Volkswagen Group UK

Volkswagen Group (XETRA:VOW) and US EV maker Rivian Automotive Inc (NASDAQ:RIVN) have forged closer ties with the German car giant agreeing to inject an extra $800 million into the ailing Tesla rival. Instead of the US$5 billion initially agreed in June, VW will now invest US$5.8 billion split between the joint venture and Rivian itself.

Volkswagen to inject even more cash into Rivian

Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create “cutting edge” EV technology.

Rivian, Volkswagen joint venture is upsized to $5.8 billion

The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the coming years.

Rivian Stock Jumps. The EV Maker Is Getting More Cash From Volkswagen.

Rivian and Volkswagen Group launched on Tuesday the joint venture they had announced in June, valued at $5.8 billion, to share software and electric vehicle architecture.

Rivian, Volkswagen Group launch $5.8 billion joint venture

The companies said the deal is now up to $5.8 billion – up from $5 billion – with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027

Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup's more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.

The Rivian-Volkswagen joint venture deal is now up to $5.8B

The new agreement builds on an earlier announcement in which the German automaker said it would invest up to $5 billion in Rivian, a maker of electric vehicles. The new venture brings them closer.

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

IRVINE, Calif. & WOLFSBURG, Germany--(BUSINESS WIRE)--Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies – with a total deal size of up to $5.8 billion, which is expected to start on November 13. Through this JV, the companies plan to bring next-generation electrical architecture and best-in-class software t.

Faster, Leaner, More Efficient: Rivian and Volkswagen Group Announce the Launch of their Joint Venture

Volkswagen's luxury division Audi has failed to find a buyer for its struggling plant in Brussels, a spokesperson said on Tuesday, making the closure of the plant likely.

Volkswagen's Audi fails to find buyer for Brussels site

New version of the exhilarating Taycan GTS and new all-wheel drive Taycan 4 join the lineup New version of the exhilarating Taycan GTS and new all-wheel drive Taycan 4 join the lineup

Three new models: Porsche expands the second Taycan generation

Volkswagen faces challenges from past scandals, slow BEV adoption, and economic pressures, but aims to revitalize with the Scout brand and cost-cutting measures. VW's direct-to-consumer sales strategy for Scout faces legal opposition from U.S. franchise dealers, complicating its market entry. Despite financial struggles, VW's strong brand portfolio and strategic investments, like in Rivian, suggest potential for long-term growth and profitability.

Volkswagen AG's Fledgling Scout Brand Faces Opposition From Powerful U.S. Dealer Lobby

Dublin, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The "Premium and Luxury Cars in Sweden" report has been added to ResearchAndMarkets.com's offering. Premium and Luxury Cars in Sweden report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth.

Sweden Premium and Luxury Cars Market Report 2024: Volkswagen Group Outperforms Previous Leader Mercedez-Benz, EVs will Continue to Grow in Popularity

Volkswagen's investments chief Sven Fuhrmann is set to step down from the board of Sweden's Northvolt, Swedish daily Dagens Industri (DI) reported on Monday, citing the Nordic country's company registry.

Volkswagen's investments chief to step down from Northvolt board, DI reports

Atlanta, Nov. 08, 2024 (GLOBE NEWSWIRE) -- New car customers rated Porsche as the top premium brand in the J.D. Power 2024 U.S. Sales Satisfaction Index (SSI) StudySM released Thursday.

Number One: Porsche earns top spot for sales satisfaction in J.D. Power Study for the second year in a row

Fisher became the first mother to travel to space on November 8, 1984 Fisher became the first mother to travel to space on November 8, 1984

News for Volkswagen AG Stock (VWAGY)