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Volkswagen AG (VOWG.DE)

VOWG.DE on Xetra

152.30EUR
27 May 2020
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€152.30
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120,926
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€185.00
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€99.16

Latest Key Developments (Source: Significant Developments)

Audi's Hungarian plant resumes two-shift production on Monday
Monday, 18 May 2020 

May 18 (Reuters) - Audi's Hungarian unit VOWG_P.DE says in statement quoted by business news web site Portfolio.hu::AUDI'S HUNGARIAN CAR PLANT RESUMED TWO-SHIFT PRODUCTION ON MONDAY.ENGINE PRODUCTION AT AUDI PLANT GRADUALLY SHIFTING TO TWO-SHIFT PRODUCTION.AUDI SAYS PLANS TO GRADUALLY GO UP TO THREE-SHIFT OPERATION AT ITS HUNGARIAN PLANT .PRODUCTION AT AUDI HUNGARIA HALTED IN MID-MARCH TEMPORARILY.  Full Article

Volkswagen Stopping Deliveries Of Golf 8 Car Due To Software Problem- Der Spiegel
Friday, 15 May 2020 

May 15 (Reuters) - :VOLKSWAGEN IS STOPPING DELIVERIES OF GOLF 8 CAR DUE TO SOFTWARE PROBLEM - DER SPIEGEL.VOLKSWAGEN WILL CONTINUE MAKING GOLF 8 IN WOLFSBURG, COMPLETED CARS SHOULD BE PARKED UNTIL THEY CAN BE UPDATED - DER SPIEGEL.  Full Article

Volkswagen April Group Deliveries Down 45.4%
Friday, 15 May 2020 

May 15 (Reuters) - Volkswagen AG ::VW <<>> SAYS APRIL GROUP DELIVERIES DOWN 45.4% AT 473,500 VEHICLES.VW <<>> SAYS APRIL GROUP DELIVERIES DOWN 76.7% IN WESTERN EUROPE, DOWN 61.5% IN CENTRAL AND EASTERN EUROPE, DOWN 52.8% IN NORTH AMERICA, UP 1.0% IN CHINA.VW <<>> SAYS JAN-APRIL GROUP DELIVERIES DOWN 28.6% AT 2,479,500 VEHICLES.  Full Article

Volkswagen Pauses Production Of Golf And SUVs Due To Weak Demand - FT
Wednesday, 13 May 2020 

May 13 (Reuters) - :VOLKSWAGEN PAUSES PRODUCTION OF GOLF AND SUVS DUE TO WEAK DEMAND - FT.  Full Article

Porsche SE: Further Ordinary Shares In Volkswagen AG Acquired
Tuesday, 12 May 2020 

May 12 (Reuters) - Porsche Automobil Holding SE ::FURTHER ORDINARY SHARES IN VOLKSWAGEN AG ACQUIRED.IN PERIOD FROM 17 MARCH TO 20 APRIL 2020, A TOTAL OF 0.2 PERCENT OF ORDINARY SHARES IN VOLKSWAGEN AG WAS ACQUIRED IN CAPITAL MARKET TRANSACTIONS FOR 81 MILLION EURO.THEREFORE UNABLE AT PRESENT TO FORECAST GROUP RESULT AFTER TAX WITH SUFFICIENT CERTAINTY..DESPITE CURRENT UNCERTAINTIES, A POSITIVE GROUP RESULT AFTER TAX IS NEVERTHELESS EXPECTED FOR FISCAL YEAR 2020..  Full Article

Volkswagen Brand Volume In Germany Down 67% In April - Sales Head
Monday, 11 May 2020 

May 11 (Reuters) - Volkswagen AG brand sales head::VOLUME IN GERMANY DOWN 67% IN APRIL.VOLUME IN APRIL IN EUROPE DOWN 83%.SALES IN CHINA DOWN 2.5% IN APRIL, WE EXPECT CHINA SALES TO REACH LAST YEAR'S LEVEL IN MAY.WE ARE INVESTING DOUBLE-DIGIT MILLION AMOUNT TO BOOST SALES IN EUROPE AND GERMANY.  Full Article

Volkswagen To Invest €450 Mln In Battery Cell Plant in Salzgitter
Friday, 8 May 2020 

May 8 (Reuters) - Volkswagen AG ::TO INVEST 450 MILLION EUR IN FIRST STEP IN BATTERY CELL FACTORY IN SALZGITTER.PRODUCTION OF BATTERY CELLS THERE SHOULD START AT BEGINNING OF 2024.FACTORY SHOULD HAVE CAPACITY OF 16 GIGAWATT HOURS.  Full Article

Volkswagen Says Q1 Brand Deliveries Down 25.1%
Thursday, 30 Apr 2020 

April 30 (Reuters) - VOLKSWAGEN AG ::SAYS Q1 VOLKSWAGEN BRAND DELIVERIES DOWN 25.1% AT 1.1 MILLION VEHICLES.SAYS Q1 VOLKSWAGEN BRAND DELIVERIES DOWN 22.5% IN WESTERN EUROPE, DOWN 12.2% IN CENTRAL AND EASTERN EUROPE, DOWN 11.2% IN NORTH AMERICA, DOWN 35.2% IN CHINA.SAYS Q1 VOLKSWAGEN BRAND SALES DOWN 11.9 %YOY AT AROUND 19 BILLION EUROS.SAYS Q1 VOLKSWAGEN BRAND OPERATING PROFIT DOWN 47.7% YOY AT 481 MILLION EUROS.  Full Article

Audi Sees 2020 Revenue And Operating Profit Significantly Below Prior Year
Thursday, 30 Apr 2020 

April 30 (Reuters) - AUDI AG ::FIRST QUARTER REPORT 2020.Q1 REVENUE WAS LOWER THAN IN PRIOR-YEAR PERIOD AT EUR 12.5 (13.8) BILLION DUE TO PANDEMIC-RELATED MARKET EFFECTS.Q1 DELIVERIES OF CARS OF AUDI BRAND TO CUSTOMERS DECLINED BY -21.1 PERCENT TO 352,993 (447,247) VEHICLES AS GLOBAL DEMAND FOR CARS DROPPED BY -23.3 PERCENT.Q1 OPERATING PROFIT WAS EUR 15 MILLION.OUTLOOK FOR 2020 CONSIDERABLY INFLUENCED BY CORONAVIRUS PANDEMIC:.SEES 2020 DELIVERIES OF CARS OF AUDI BRAND TO CUSTOMERS, REVENUE AND OPERATING PROFIT FORECAST AT A LEVEL SIGNIFICANTLY BELOW PRIOR YEAR.2020 NET CASH FLOW EXPECTED TO BE BELOW PRIOR-YEAR LEVEL; RETURN ON INVESTMENT (ROI) PROBABLY BELOW PRIOR YEAR AND BELOW OUR MINIMUM RATE OF RETURN OF 9 PERCENT.2020 RESEARCH AND DEVELOPMENT RATIO FORECAST AT BELOW PRIOR YEAR; RATIO OF CAPEX EXPECTED AT APPROXIMATELY PRIOR-YEAR LEVEL.ALTHOUGH REVENUE DEVELOPMENT IS CURRENTLY EXPECTED TO BE NEGATIVE, WE FORECAST THAT RATIO OF CAPEX WILL BE AROUND PRIOR-YEAR LEVEL.  Full Article

Impossible To Double Number Of Electric Vehicles With Incentives - VW
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Volkswagen AG chief lobbyist Steg::IT'S IMPOSSIBLE TO DOUBLE NUMBER OF ELECTRIC VEHICLES THIS YEAR WITH CAR PURCHASING INCENTIVES.  Full Article

Deals of the day-Mergers and acquisitions

May 27 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: