Volkswagen Ag Stock News

Focusing on electric vehicles, Volkswagen aims for growth in North America, though it could face tough competition.

Tesla Halts Gigafactory Shanghai For Two Days Amid COVID Surge Tesla, Inc. shuttered its massive Gigafactory Shanghai for two days as Chinese officials scrambled to contain one of the country''s worst outbreaks of COVID-19 since the early days of the virus pandemic, Reuters reported Wednesday, citing a notice sent internally and to suppliers. Gigafactory Shanghai, also known as Gigafactory 3, halted all production lines, making Model 3 sedans and Model Y crossovers. There was no reason given for the stoppage at the plant. According to China Passenger Car Association data, the factory delivered 56,515 vehicles in February and produced 2,000 cars a day. The notice didn''t specify whether Tesla will increase future capacity to make up for the lost output when operations restart. China''s zero-tolerance approach has shuttered factories and placed some 51 million people into some form of lockdown in other cities. Shanghai has yet to declare a citywide lockdown but has closed some neighborhoods, shopping districts, and industrial parks and encouraged workers to remote work from home.

The German manufacturer''s brands like Porsche have many electric models that appeal to consumers

BMW, Volkswagen forced to idle plants across Europe after Russia''s invasion forced Ukrainian wiring plants to shut

BMW and Volkswagen have warned that Russia’s invasion of Ukraine is causing shortages of some vital components, forcing them to reduce vehicle production in Europe

BMW and Volkswagen have warned that Russia’s invasion of Ukraine is causing shortages of some vital components, forcing them to reduce vehicle production in Europe.

S&P Global Mobility on Wednesday downgraded its 2022 and 2023 global light vehicle production forecast in the latest update by 2.6 million units for both years

After remaining on a free fall since mid-January 2022, Volkswagen Group stock (ETR:VOW) may have found a bottom at $186. The stock rose more than 5% on Wednesday after the automaker projected higher s

BERLIN (Reuters) -Volkswagen Group China said on Wednesday it would as a precautionary measure pause production for another day in Changchun due to COVID cases, but would resume production in Shanghai

Volkswagen Group (XETRA:VOW) said its electric vehicle business was turning a profit much quicker than expected as it held its annual meeting yesterday. The automaker told the press that many of its e

German carmaker Volkswagen said on Wednesday that deliveries of its core brand dropped by 8% to 4.9 million vehicles last year, and it was reluctant to make forecasts for 2022.

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Volkswagen Group (OTC: VWAGY ) CEO Herbert Diess said on Tuesday that the German automaker is shifting more production out of Europe to China, North America and Latin America to cope with supply chain issues stemming from Russia’s invasion of Ukraine. What Happened: Diess said Volkswagen is facing issues related to the supply of parts and raw materials at its plants in Europe and would need to relocate production in three to four weeks, failing which Volkswagen would need to revise its outlook. “We are building up additional capacities for wiring harnesses for Europe and are shifting car production to regions such as China and the Americas,” Diess said on a call … Full story available on Benzinga.com

Volkswagen is close to deciding whether to build an electric pickup truck in the U.S.