Volkswagen Ag Stock News

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China Auto Sales Rise 4.5% In 2021, Tesla Sells Record 70,602 Vehicles In December New energy vehicles continue to steal the show in China, with sales totalling 2.99 million units for 2021, according to newly released data from Chinas Passenger Car Association. 2021 battery electric vehicle sales led the charge, according to Bloomberg, with sales up 168.6% to 2.44 million units. Chinas Passenger Car Association said that overall passenger vehicle sales finished the year at 20.5 million units, up 4.5% for the year. Shares of Tesla higher in pre-market trading on Tuesday after it was announced the EV maker sold 70,602 cars in China during December. This marks a 34% sequential rise in sales, according to Bloomberg data, and a record sales month for Elon Musk''s automaker in China. The overall rise in vehicles sales for 2021 in China comes after a torrid November, where we noted weeks ago that sales fell for the seventh straight month in November. Sales were down 9.1% from the year prior as the industry continued to struggle with what is now becoming a year''s long semiconductor shortage.

PRAGUE (Reuters) Volkswagens Skoda Auto said on Tuesday its global deliveries dropped 12.6% year-on-year in 2021 to 878,200 cars as the industry suffered from a semiconductor shortage and the impact of the COVID-19 pandemic.

VW is one of the world''s largest auto makers, says it sees no significant improvement in the global semiconductor shortage.

Volkswagen Chief Financial Officer Arno Antlitz says the auto maker has cut costs to address higher raw-material prices and aims to expand its electric-vehicle business in U.S.

Mexico Auto Production Plunges To Lowest Annual Level Since 2014 Amid Chip Shortage Mexican automotive production plunged to the lowest levels annually since 2014 as ongoing semiconductor shortages put the brakes on the industry, according to Bloomberg . National statistics agency (INEGI) data shows auto production in December slumped 16.51% to 212,272 vehicles from a year earlier, while exports dropped by 17.31% to 227,465. Volkswagen Group''s Audi was the worst-hit automaker which saw a staggering 74% drop in production. General Motors Co. and Daimler AG''s Mercedes Benz both saw output halved. An unrelenting global semiconductor shortage continues to terrorize automakers in Mexico and all over North America, forcing many to implement rolling shutdowns, curtailing production. Detroit-based General Motors Co''s spokesperson said last month, "the stoppages are due to the shortage of semiconductors, and yes, production decreased due to the shortage." Entering the new year, there''s more bad news: delivery times for chips jumped in December, signaling the semiconductor shortage is worsening .

Volkswagen will show a production version of its long-awaited ID.Buzz, an electric reincarnation of its beloved Microbus or Kombi, on March 9 and plans to launch it in the United States in late 2023, the company said on Friday.

Volkswagen will take the wraps off of the Microbus-inspired ID.Buzz electric minivan on March 9. the model will go on sale in the U.S. in 2023.

Volkswagen said it will reveal its production-ready electric Microbus on March 9th, 2022. The automaker first revealed the ID Buzz as a concept in 2017. The new EV will be released in the US in 2023.

Electric vehicle stocks are lower again as investors continue to peel away from high-growth, high-PE stocks is favor of low valuation stocks and dividend payers. Read more.

Volkswagen will introduce plug & charge and vehicle-to-grid (V2G) capability for ID. branded cars this year.

Lawyers were celebrating today after the High Court refused an attempt by Volkswagen to have a class action suit dismissed. The car giant has been plagued by the dieselgate emissions scandal since 2015 when it emerged it had installed devices to rig its pollution emissions data. Anexo, a credit hire and legal firm, welcomed that []

Volkswagen (ETR:VOW3) has been given a 250.00 ($280.90) price target by analysts at Nord/LB in a research note issued to investors on Thursday, Borsen Zeitung reports. Nord/LBs price target indicates a potential upside of 42.55% from the companys current price. A number of other equities analysts have also recently issued reports on VOW3. Royal Bank []

New Delhi: The country’s largest two-wheeler maker Hero MotoCorp on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022 in order to offset the impact of rise in input cost. The company will make an upward revision in the ex-showroom prices of its motorcycles […]

MOTORING NEWS - Volkswagen s online lifestyle store, run by the ProShop Corporate, is a one-stop-shop for all Volkswagen branded merchandise. The online store holds exclusive rights to design,