News
VWAGY
14.28
+0.78%
0.11
Volkswagen: FY Guidance Reiterated. Strong Buy Confirmed
Seeking Alpha · 10h ago
Time To Buy Stellantis After Temporary Earnings Turbulence
Stellantis' share price has dropped by more than 24% in just over a month. The company's Q1 report was disappointing, leading to a further 10% decrease in the stock. Stellantis is in a bear market, but the company is now a strong buy. The Dutch-based company has more pricing power and higher margins than North America.
Seeking Alpha · 2d ago
Tesla: Innovation Is Secular,  Challenges Are Temporary
Tesla, Inc.'s stock has underperformed the market over the last quarter. The company is a long-term play characterized by substantial short-term volatility. Tesla has an unmatched autonomous driving technology. It is expected to start aggressive global expansion by the end of 2024. My Tesla, Inc. Stock target price is $260.
Seeking Alpha · 2d ago
Volkswagen: Right Vision But Hold Out For Long-Term Gains
Volkswagen Group (OTCPK:VWAGY) faces tough competition and lower trading multiples compared to its peers. The company has focused on restructuring and realigning its role in the automobile supply chain. The automotive industry is vulnerable to external events and investor sentiment. VWAGY is in a healthy position to maximize gains in an industry with immense electric and autonomous vehicle potential.
Seeking Alpha · 3d ago
ON vs. INTC: Which Chip Stock Is the Better Buy?
TipRanks · 3d ago
Stellantis And Volkswagen Are Off To A Slow Start
Stellantis and Volkswagen reported disappointing first quarter financials. Stellantis' revenue contracted 12% and Volkswagen's profit plummeted 20%. Despite a slow start of the year, both companies have maintained their full year targets. Tesla reported its biggest revenue drop since 2012. The EV market is slowing, but the EV revolution is not over.
Benzinga · 4d ago
Volkswagen GAAP EPS of €6.49, revenue of €75.5B; initiates full-year outlook
Volkswagen reports Q1 GAAP EPS of €6.49, revenue of €75.5B; initiates full-year outlook for 2024. Sales of Volkswagen Group passenger cars and light commercial vehicles worldwide increased by 3.4% year-on-year.
Seeking Alpha · 4d ago
Weekly Report: what happened at VWAGY last week (0422-0426)?
Weekly Report · 5d ago
Unionization Builds Momentum In The U.S. Auto Industry
Unionization in the U.S. Car industry has officially extended beyond Detroit's "Big Three" Volkswagen workers in Chattanooga, Tennessee, voted overwhelmingly to join the UAW. The UAW’s inroads into foreign carmakers’ plants mean that higher labor costs are spreading. UAW has previously never succeeded in attempting to unionize southern assembly plants.
Seeking Alpha · 04/27 12:00
Mobileye Global Hit By Surprise EV Slowdown; This Analyst Turns Bearish
Mobileye Global Inc reported a 48% year-on-year revenue decline for the first quarter. Morgan Stanley downgrades the rating for Mobileye Global and lowered the price target from $26 to $25. The firm says stiff competition and the unexpected downturn in electric vehicle adoption limits Mobileye's TAM.
Benzinga · 04/26 18:36
XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad
Chinese electric vehicle manufacturer XPeng Inc is reportedly considering overseas production amid an ongoing European investigation. The European Commission initiated an investigation into Chinese-made EVs in October. XPeng currently exports limited quantities of its EVs. The company's international sales could soar to approximately 10% this year.
Benzinga · 04/25 15:36
Honda's Bet On Canadian EV Hub: Reportedly Plans $11B Investment
Honda Motor Co Ltd will reportedly invest CA$15 billion ($11 billion) to establish electric vehicle manufacturing facilities in Alliston, Ontario. The company plans to construct a new battery assembly plant in the country. Honda executives will unveil the investment alongside Canadian Prime Minister Justin Trudeau.
Benzinga · 04/25 15:27
Tesla (TSLA) Q1 Earnings Miss Expectations, Decline Y/Y
NASDAQ · 04/24 09:36
Tesla: Growing Challenges Amid Disappointing Earnings
Tesla, Inc. (TSLA) missed revenue and earnings expectations after its Q1 2024 earnings. The electric car maker is facing tough competition, lower demand, falling margins, and high valuation. Tesla is the worst-performing stock YTD in the S&P index. EV stock prices are plummeting and sales growth of electric vehicles is slowing down.
Seeking Alpha · 04/23 22:15
Volkswagen AG Unsponsored ADR (VWAGY) Gains But Lags Market: What You Should Know
NASDAQ · 04/23 22:15
LKQ Q1 Earnings Miss Estimates, Decline Y/Y, Guidance Revised
NASDAQ · 04/23 16:10
Automotive Seating Maker Adient To Slash Jobs In Europe
Adient PLC has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The company supplies seats to major automakers in the European automotive market. Adient's restructuring is expected to result in an annual operating cost reduction of $60 million. The plan includes workforce reductions and the transfer of work to countries with lower labor costs.
Benzinga · 04/23 10:48
After UAW Wins Big In Tennessee, $40M Campaign Continues: 35 Car Plants Are Next
United Auto Workers (UAW) President Shawn Fain is gearing up to organize more nonunion automaker factories. The goal is to unionize autoworkers in at least 35 non-union U.S. Plants. The UAW won an election victory Friday at a Volkswagen plant in Chattanooga, Tennessee.
Benzinga · 04/22 18:31
Adient to cut European workforce, move jobs to countries with cheaper labor
Consumer Adient to cut European workforce, move jobs to countries with cheaper labor. The measures are a result of increased competition in the European automotive market. Adient is a major seat supplier to European automakers like Mercedes-Benz and Volkswagen. The restructuring is expected to save the company $60M in annual operating costs.
Seeking Alpha · 04/22 14:47
Weekly Report: what happened at VWAGY last week (0415-0419)?
Weekly Report · 04/22 12:29
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About VWAGY
Volkswagen AG is a Germany-based company that manufactures and sells vehicles. It operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.