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The Latest Breaking News from VWAGY

Porsche Q1 US Deliveries Slump 24.9% Hit By Supply, Transit Issues

Volkswagen AG (OTC:VWAGY) owned luxury carmaker Porsche Cars North America Inc (PCNA) reported a 24.9% decline in Q1 FY22 U.S. retail deliveries. A mix of factors, including supply-chain shortages, war, and the sinking of a cargo ship carrying millions of dollars worth of product across the Atlantic, has caused the slump, reported Bloomberg. The company delivered 13,042…

Volkswagen Posts 38% Sequential Drop In Q1 US EV Sales: Here's How That Compares With Ford, GM

Volkswagen Posts 38% Sequential Drop In Q1 US EV Sales: Here's How That Compares With Ford, GM

Volkswagen Group (OTC: VWAGY) said on Monday it sold 2,755 ID.4 electric crossovers in the first quarter of 2022, a decline of 38.3% on a sequential basis.

Volkswagen China To Idle Shanghai Factory, Extends Pause In Changchun Plants Amid COVID-19 Curbs

Volkswagen China To Idle Shanghai Factory, Extends Pause In Changchun Plants Amid COVID-19 Curbs

Volkswagen Group (OTC: VWAGY) told Benzinga on Thursday it would suspend production at its factory in Anting, Shanghai, between April 1-5 due to new COVID-19 related curbs aimed at halting a resurgence in cas

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Volkswagon To Recall Hybrid Vehicles Citing Fire Risk: Reuters

Volkswagen AG (OTC:VWAGY) is expected to recall more than 100,000 plug-in hybrid vehicles globally on fire risk, Reuters reported. Some 42,300 owners of Volkswagen Passats, Golfs, Tiguans, and Arteons worldwide will be notified, the report cited the company’s spokesperson. The report noted a risk of fire in vehicles that connect a conventional combustion…

Porsche SE Supports Volkswagen's IPO Plans For Porsche AG, Sees Conflict In Ukraine Affecting Timing: Reuters

Volkswagen AG (OTC: VWAGY) shareholder Porsche Automobil Holding SE (OTC: POAHY) supports plans to list luxury sportscar maker Porsche AG.

Volkswagen Unveils $7.1B Plan To Boost EV Presence In North America And Take On Tesla

Volkswagen Group (OTC: VWAGY) has said it would spend $7.1 billion over the next five years on electric vehicle projects in North America, as the German automaker tries catching up with industry leader Tesla Inc (NASDAQ:

Porsche AG Sets High Bar For Electric Vehicles

Volkswagen AG (OTC:VWAGY) owned luxury sports car maker Porsche AG has set forth an upbeat target for its electric vehicles, Reuters reported. Porsche said it expects more than 80% of newly sold Porsche vehicles to be fully electric in 2030. In an annual press conference, its chief finance officer said Porsche had set 15%…

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Porsche Suspends Electric Taycan Production At German Plant As Supply Chain Problems Bite

Porsche Suspends Electric Taycan Production At German Plant As Supply Chain Problems Bite

Volkswagen Group (OTC: VWAGY)-owned Porsche has paused production of electric cars at its Stuttgart-Zuffenhausen plant in Germany due to supply chain issues following Russia’s invasion of Ukraine.

Automotive Industry in 2022: The Complete Investors Guide

Automotive Industry in 2022: The Complete Investors Guide

The automotive industry accounts for about 4% of global GDP. The industry is also going through a period of disruption due to EVs and autonomous driving which will create its own set of winners and losers. That’s why investors should consider top auto stocks such as Honda Motor Company (HMC),…

Volkswagen Sets Eyes On $22K EV As It Looks To Rival Tesla, CEO Says Focus On Simplifying Company Structure, Building Up Competencies

Volkswagen Sets Eyes On $22K EV As It Looks To Rival Tesla, CEO Says Focus On Simplifying Company Structure, Building Up Competencies

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess said on Wednesday self-driving technology will be a big game-changer in the coming years and that the German automaker is working on a $22,000 electric car as it speeds up efforts to overtake current market leader Tesla Inc

Forget General Motors, Buy These 3 Auto Manufacturing Stocks Instead

Forget General Motors, Buy These 3 Auto Manufacturing Stocks Instead

Japanese automaker Toyota (TM) displaced General Motors (GM) last year as the highest-selling automobile manufacturer in the United States amid strong demand for EVs and hybrids. The rising acceptance of international car brands in the U.S. has caused domestic automobile manufacturers to lose market share. Given this backdrop, we believe…

3 Auto Stocks That Are a Better Buy Than Ford

3 Auto Stocks That Are a Better Buy Than Ford

An increase in new car sales with the easing of supply chain bottlenecks should help the auto industry rebound this year. While Ford (F) is a renowned player in the auto industry, we think its weakening financials make its shares best avoided for now. Conversely, auto manufacturers Volkswagen (VWAGY), Honda…

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