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Volkswagen AG (VOWG_p.DE)

VOWG_p.DE on Xetra

140.00EUR
11 Aug 2020
Change (% chg)

€6.88 (+5.17%)
Prev Close
€133.12
Open
€134.80
Day's High
€141.20
Day's Low
€134.64
Volume
1,958,761
Avg. Vol
1,485,541
52-wk High
€187.74
52-wk Low
€79.38

Latest Key Developments (Source: Significant Developments)

MAN Energy Solutions To Cut 2,600 Jobs
Monday, 3 Aug 2020 

Aug 3 (Reuters) - MAN Energy Solutions ::MAN ENERGY SOLUTIONS PUBLISHES PAPER OUTLINING KEY POINTS OF RESTRUCTURING.MAN ENERGY SOLUTIONS SAYS PAPER PROPOSES A REDUCTION OF 2,600 JOBS.MAN ENERGY SOLUTIONS SAYS THE PARTIES OF THE COLLECTIVE LABOR AGREEMENT WILL NEGOTIATE IN ORDER TO ACHIEVE A REDUCTION IN PERSONNEL COSTS OF AROUND 40 MILLION EUROS ANNUALLY FOR THE PERIOD FROM 2021 TO 2023.MAN ENERGY SOLUTIONS SAYS VOLKSWAGEN GROUP SUPPORTS AGREEMENTS OUTLINED IN THE PAPER, EXPECTING THAT NECESSARY PREREQUISITES FOR IMPLEMENTATION WILL BE SUCCESSFULLY FINALIZED BY END OF 2020.MAN ENERGY SOLUTIONS SAYS ONCE THIS HAS HAPPENED VOLKSWAGEN WILL SUSPEND ITS PLANS TO SELL MAN ENERGY SOLUTIONS UNTIL THE FINALIZATION OF THE RESTRUCTURING EFFORTS.  Full Article

VW's Skoda Auto Confirms Thomas Schaefer To Become New Chairman
Monday, 3 Aug 2020 

Aug 3 (Reuters) - :VW'S SKODA AUTO CONFIRMS THOMAS SCHAEFER TO BECOME NEW CHAIRMAN.  Full Article

Germany Records 20,000 Applications For E-Car Bonus In July
Monday, 3 Aug 2020 

Aug 3 (Reuters) - German economy ministry::GERMANY RECORDS 19,993 APPLICATIONS IN JULY FOR GOVERNMENT'S INNOVATION BONUS FOR BUYERS OF ELECTRIC AND PLUG-IN HYBRID VEHICLES.NUMBER OF APPLICATIONS FOR GOVERNMENT'S INCENTIVE FOR ELECTRIC AND PLUG-IN HYBRID VEHICLES ROSE 78.6% Y/Y IN JAN-JULY TO 69,606.  Full Article

Volkswagen CFO Says Sale Of Energy Solutions Is No Longer Feasible, Restructuring Now Being Pursued
Thursday, 30 Jul 2020 

Volkswagen AG ::CFO SAYS SALE OF ENERGY SOLUTIONS IS NO LONGER FEASIBLE, RESTRUCTURING NOW BEING PURSUED.  Full Article

Volkswagen Says June Group Deliveries Down 17.5%
Friday, 17 Jul 2020 

July 17 (Reuters) - VOLKSWAGEN ::SAYS JUNE VOLKSWAGEN GROUP DELIVERIES DOWN 17.5% AT 804,100 VEHICLES.SAYS JAN-JUNE VOLKSWAGEN GROUP DELIVERIES DOWN 27.4% AT 3.89 MILLION VEHICLES.SAYS JUNE VOLKSWAGEN GROUP DELIVERIES DOWN 29.9% IN WESTERN EUROPE, DOWN 15.8% IN CENTRAL AND EASTERN EUROPE, DOWN 22.8% IN NORTH AMERICA, DOWN 3.9% IN CHINA.  Full Article

Volkswagen Says May Group Deliveries Down 33.7%
Friday, 12 Jun 2020 

June 12 (Reuters) - VOLKSWAGEN AG ::SAYS MAY GROUP DELIVERIES DOWN 33.7% AT 609,400 VEHICLES.SAYS MAY GROUP DELIVERIES DOWN 57.3% IN WESTERN EUROPE, DOWN 51.0% IN CENTRAL AND EASTERN EUROPE, DOWN 39.0% IN NORTH AMERICA, UP 5.7% IN CHINA.  Full Article

Bentley Says Looks For About 1,000 Colleagues To Accept Reduction Terms As Part Of Cost Structure Actions
Friday, 5 Jun 2020 

June 5 (Reuters) - :BENTLEY LAUNCHES BEYOND100 STRATEGY, TARGETING LUXURY MOBILITY LEADERSHIP THROUGH A RESILIENT, SUSTAINABLE BUSINESS MODEL.BENTLEY SAYS DECISIVE ACTIONS TO INCLUDE CHANGES TO COST STRUCTURE, FUTURE INVESTMENTS AND SUSTAINABLE PRODUCT DIRECTION.BENTLEY SAYS COST STRUCTURE ACTIONS INCLUDE VOLUNTARY RELEASE PROGRAMME FOR ALL COLLEAGUES.BENTLEY SAYS INFORMED ITS 4,200 COLLEAGUES OF A PROGRAMME TO SIGNIFICANTLY REDUCE SIZE OF ORGANISATION THROUGH VOLUNTARY RELEASE PROGRAMME.BENTLEY SAYS LOOKING FOR AS MANY AS 1,000 COLLEAGUES TO ACCEPT REDUCTION TERMS.BENTLEY SAYS CANNOT RULE OUT FUTURE COMPULSORY REDUNDANCIES.  Full Article

Volkswagen Aims To Settle Remaining Diesel Cases Soon - Statement
Monday, 25 May 2020 

May 25 (Reuters) - Volkswagen AG ::AIMS TO SETTLE DIESEL PROCEEDINGS WITH INDIVIDUAL PLAINTIFFS SOON.WILL OFFER ONE-OFF PAYMENTS TO DIESEL CASE PLAINTIFFS.VALUE OF ONE-OFF PAYMENTS DEPENDS ON INDIVIDUAL CASE.  Full Article

VW's Diess Says Merger With Fiat Chrysler Is Good Move For PSA - Bloomberg TV
Friday, 24 Jan 2020 

Jan 24 (Reuters) - Volkswagen's Chief Executive Herbert Diess tells Bloomberg TV In Davos::U.S. PRESIDENT TRUMP APPEARS STILL VERY COMMITTED TO U.S. TARIFFS .Merger With Fiat Chrysler <<>>:IS A GOOD MOVE FOR PSA <<>>.  Full Article

Ttec Announces New Contract Win With Volkswagen Group UK And Opens A New Contact Centre In Leeds
Thursday, 23 Jan 2020 

Jan 23 (Reuters) - TTEC Holdings Inc ::TTEC ANNOUNCES NEW CONTRACT WIN WITH VOLKSWAGEN GROUP UK AND OPENS A NEW CONTACT CENTRE IN LEEDS.  Full Article

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Volkswagen South Africa boss Schaefer takes over at Skoda in shake-up

PRAGUE Volkswagen's Czech carmaker Skoda Auto named VW's South Africa boss Thomas Schaefer as its new chairman on Monday as part of a wider shake-up at the German autos group.