Volkswagen Ag Stock News

The outbreak of war between Russia and the Ukraine this week will not have major implications on the global supply chain outside of one potential item – shipping costs. That is the assessment of one leading analyst, who noted that while he does not expect any large effects on global supply chains and trade due to the type of commodities produced by the Ukrainian market, Russia’s role as a major energy producer means that the ongoing spike in oil prices may knock-on to the price of running cargo vessels and other transportation modes. “Putin''s unprovoked and shameful war of aggression against the people of Ukraine is a humanitarian and political tragedy,” said Werner Antweiler, director of UBC Sauder School of Business’s Prediction Markets program and an associate professor. “What makes it worse is that Russia, as a large exporter of fossil fuel, is making money off it with every increase in the price of crude oil and natural gas.” According to Freightos, which compiles data on a number of leading economic indicators such as freight prices, there has not been a large spike in recent days with the Baltic Index for containers – a figure economists refer to to assess current shipping costs for container freight.

(Reuters) – Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia’s invasion of Ukraine. After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed … Read More

Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres , on Friday outlined plans to shut or shift manufacturing operations following Russia''s invasion of Ukraine.

Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia''s invasion of Ukraine. The United States announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods ranging from commercial electronics and computers to semiconductors and aircraft parts. The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units.

Volkswagen (VW) will be halting production in its two German factories for a few days next week due to a delay in obtaining manufacturing parts from Ukraine, the company representative confirmed on Fr…

FRANKFURT (Reuters) – Volkswagen will halt production for a few days next week at two German factories after a delay in getting parts made in Ukraine, a spokesperson confirmed on Friday.

Volkswagen Shares Rise After Releasing Details of Porsche IPO Morningstar.com

Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine.

Outlining key steps of a Porsche IPO, finance chief Arno Antlitz said Volkswagen would update markets about the progress and timeline in late summer

Volkswagen will halt production for a few days next week at two German factories after a delay in getting parts made in Ukraine, a spokesperson confirmed on Friday.

Renault Group accounts for 39.5% of the country's vehicle production, followed by South Korea-based Hyundai Group at 27.2%, according to IHS Markit.

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FRANKFURT (Reuters) -A potential initial public offering of Porsche AG could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker's owner Volkswagen said on Friday.

FRANKFURT (Reuters) -Volkswagen and its top shareholder Porsche SE on Thursday fleshed out details a possible listing of luxury carmaker Porsche, edging closer to what could become one of the world's