Ford, VW seeking buyer for Argo AI's lidar unit

02:34pm, Tuesday, 01'st Nov 2022
Ford and Volkswagen are trying to squeeze any remaining value out of Argo AI, the autonomous vehicle startup the two automakers invested billons in before abruptly shutting it down last week.
Two tweets of mine on Elon Musk and IEA forecasts of EV penetration by 2030 prompt this short note. It is found that IEA's projection (60%) is more plausible than Elon Musk's one (50%) pointing to a f
Volkswagen said on Tuesday it would sell its carsharing service WeShare to Miles Mobility, under a deal that sees the Berlin-based competitor order more than 10,000 electric cars from the Audi, Seat/C

Volkswagen: Reiterating Our Overweight

12:16am, Monday, 31'st Oct 2022
Volkswagen order books are very well filled. Porsche IPO catalyst has still not played out. We continue to see Volkswagen really undervalued.
Volkswagen AG (OTCPK:VWAGY) Q3 2022 Results Conference Call October 28, 2022 3:00 AM ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head of Treasury and
Yahoo Finance's Pras Subramanian discusses Volkswagen's third-quarter earnings and guidance.
Germany's Traton Group reported a 32% drop in operating earnings for the first nine months of the year, but unit sales rose 11% thanks to the Volkswagen-owned truck holding company's acquisition of Na
Volkswagen and Porsche reported third quarter results Friday. It's hard to make sense of them all.

Porsche's IPO Hasn't Helped Volkswagen Much

10:43am, Friday, 28'th Oct 2022
VW's new CEO sees the listing as a “role model,” but none of Porsche's share-price gains have rubbed off on its majority owner.
Volkswagen CFO Arno Antlitz discusses the company's third-quarter results for 2022.
The auto maker reported a 29% drop in net profit in the third quarter as the war in Ukraine, supply-chain woes and the company's struggle to turn around its software business hit earnings and sales.
Volkswagen AG on Friday backed the outlook for its full-year margin after operating profit and revenue rose in the third quarter.
Volkswagen plans to expand its cooperation with Intel's Mobileye to include its automated driving program after Wednesday's decision to no longer invest in self-driving startup Argo AI, two sources fa
Ford Motor Company (NYSE:F) has performed a U-turn on full self-driving and will wind down its Argo AI business, leading to a loss in the past quarter and a warning that profits for the year will be a
Ford and Volkswagen, two of the world's largest automakers, are shutting down their joint effort to develop self-driving cars, the startup Argo AI.
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