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Volkswagen Says September Group Deliveries Up 3.3%
Porsche AG Says It Sold 191,547 Cars Worldwide In First 9 Months Of 2020
Volkswagen expects positive operating result in 2020
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.
Auto & Truck Manufacturers
Berliner Ring 2
Hans Dieter Poetsch
Chairman of the Supervisory Board
Chairman of the Management Board, Group Chief Executive Officer
Deputy Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Responsible for Finance and IT
Member of the Management Board, Responsible for Human Resources
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Auto parts maker Aptiv Plc <APTV.N> reported a dip of just 1.5% in third-quarter profit on Thursday, and rising sales, as its key customers ramped up production to deal with a recovery in demand for new cars in Europe, China and the United States.
Volkswagen AG <VOWG_p.DE> returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday.
Volkswagen AG said on Thursday it had returned to profitability in the third quarter, helped by a surge in demand for premium cars, despite an overall drop in global vehicle deliveries during the COVID-19 pandemic.
German truck maker MAN , which is controlled by Volkswagen, said on Wednesday it expects an operating loss of 550 million to 750 million euros in 2020, as the impact of the health crisis weighs on its business.
The United States International Trade Commission (ITC) on Monday delayed a decision on South Korea's chemicals and electric vehicle battery maker LG Chem Ltd's complaint its cross-town rival SK Innovation Co Ltd misappropriated electric vehicle battery trade secrets.
Prosecutors in the German city of Stuttgart have dropped a market manipulation investigation into former Volkswagen <VOWG_p.DE> chief executive Martin Winterkorn, deferring to a criminal case against him in the city of Braunschweig.
Volkswagen plans to make British luxury carmaker Bentley a subsidiary of its Audi division as it seeks economies of scale among its top-end brands, German trade publication Automobilwoche reported.
Chinese electric vehicle (EV) battery maker Guoxuan High-tech Co Ltd, which is backed by German automaker Volkswagen AG, plans to have annual battery manufacturing capacity of 100 GWh by 2025, an official said on Thursday.
China's electric vehicle (EV) battery maker Guoxuan High-tech Co Ltd, which is backed by German automaker Volkswagen AG, plans to have annual battery manufacturing capacity of 100 GWh by 2025, an official said on Thursday.
Swiss electric car start-up Piëch Automotive AG appointed Matthias Mueller, the former chief executive of Porsche and Volkswagen <VOWG_p.DE>, as its new chairman, the company said on Monday.
Volkswagen's <VOWG_p.DE> trucks business Traton <8TRA.DE> said on Friday it had agreed to raise its takeover bid for Navistar International Corp <NAV.N> to $44.50 per share from $43, closing in on a deal that would extend its reach into North America.
** Traton says it matches NAV's demand of $44.50/share to buy the portion of NAV that Volkswagen unit Traton does not already own
Volkswagen's truck unit Traton on Friday said it had agreed to sweeten its $43 per share takeover bid for U.S. truck maker Navistar International Corp to $44.50. "Traton SE and the US-American truck manufacturer Navistar International Corporation, in which Traton already...
U.S. truck maker Navistar International Corp said on Friday it was prepared to accept a buyout from Volkswagen's Traton, if it raised its offer price to $44.50 per share.
California air regulators on Wednesday urged automakers and engine manufacturers to disclose by the end of the year any unapproved hardware or software programs that compromise a vehicle's emissions control system.
Volkswagen's <VOWG_p.DE> truck unit Traton <8TRA.DE> said on Wednesday its revised takeover bid of $43 per share for U.S. truck maker Navistar International Corp <NAV.N> will expire on Oct. 16, if not accepted by then.
General Motors Co's (GM) vehicle sales in China grew 12% over July-September versus the same period a year earlier, the Detroit automaker's first Chinese quarterly sales growth in two years.
South Korea's LG Chem Ltd <051910.KS>, an electric vehicle (EV) battery supplier for Tesla <TSLA.O> and a petrochemicals maker, said on Monday its third-quarter operating profit likely jumped to a record high, beating analysts' estimates.
German carmaker Volkswagen's Audi unit <VOWG_p.DE><NSUG.DE> expects lower sales in 2020 despite strong numbers in the months of July, August and September, Automobilwoche on Sunday cited the head of the division, Markus Duesmann, as saying.
Electric cars will likely make up 90% of Volkswagen AG's <VOWG_p.DE> sales in Norway next year and could completely replace diesel and petrol engines in the Nordic country by 2023, the German auto maker's local importer said on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.