Volkswagen AG (VLKAF.PK) Key Developments | Reuters.com
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Volkswagen AG (VLKAF.PK)

VLKAF.PK on OTC Markets Group

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Moody's: EMEA corporates' cash pile provides buffer against Brexit
Thursday, 30 Jun 2016 02:29am EDT 

Moody's: Moody's: EMEA corporates' nearly EUR1 trillion cash pile provides buffer against market uncertainties such as Brexit .Moody's - Despite the prolonged slump in commodity prices, liquidity remains solid overall for EMEA rated non-financial companies.  Full Article

Volkswagen said to pay diesel owners up to $7,000, fund clean-air grants - Bloomberg
Thursday, 23 Jun 2016 10:49am EDT 

: Volkswagen AG said to pay diesel owners up to $7,000; under $10 billion settlement being negotiated- Bloomberg, citing sources . Volkswagen AG will provide cash payments worth between $1,000 and $7,000- Bloomberg, citing sources Source (http://bloom.bg/28RpGNJ) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

IMF Bentham Ltd updates on litigation against Volkswagen
Wednesday, 22 Jun 2016 04:52am EDT 

IMF Bentham Ltd : Refers to its previous announcement on 7 April 2016 stating that Bentham Ventures agreed to fund litigation against Volkswagen . Claims relate to alleged breaches of the securities trading act 1998 (Germany) . IMF confirms that the first suit in relation to this litigation has been filed in the German courts . Says further suits may be filed as the case progresses .  Full Article

California State Teachers’ Retirement system sues Volkswagen regarding diesel emissions scandal
Tuesday, 21 Jun 2016 07:26am EDT 

Volkswagen AG : Regarding diesel emissions scandal Further company coverage: [VOWG_p.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

CalSTRS seeks 2 and 3 figure mln euro amounts from VW
Tuesday, 21 Jun 2016 07:12am EDT 

Volkswagen Ag : CalSTRS says seeks to recover 2 and 3 figure million euro amounts for plaintiffs in individual damages from Volkswagen Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Porsche SE will vote in favour of dividend - spokesman
Thursday, 16 Jun 2016 01:03pm EDT 

Porsche Se : Spokesman says Porsche will vote in favour of dividend at Volkswagen AGM . Spokesman says Porsche SE supervisory board meeting on Monday cancelled Further company coverage: [PSHG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Volkswagen CEO says efficiency targets correspond to about 8 bln euros in annual savings
Thursday, 16 Jun 2016 07:52am EDT 

Volkswagen AG : CEO says efficiency targets correspond to about 8 billion euros in annual savings . CEO says sees china as main market for its electric cars . Says plans to develop fully autonomous vehicles with self-driving system in house from 2021 . Says plans investment programme and around 1,000 additional software specialists for autonomous vehicles -presentation . Works council says supports ceo's future strategy . CEO says sees potential of 35 billion euros or more for mobility services market in 2025 .Shareholder lower saxony says supports vw's new strategy.  Full Article

Volkswagen says dividend payout ratio to reach 30 pct
Thursday, 16 Jun 2016 06:15am EDT 

Volkswagen : Says plans more than 30 new electric vehicle models by 2025, targets annual sales of 2-3 million units . Says aims to cut sales and administration costs to below 12 percent of sales by 2025 . Says dividend payout ratio to reach sustainable 30 percent of net profit . Says in advanced talks to partner with regional players on economy segment . Says to review and streamline its modular architectures in the context of generating profitable growth . Says to carefully examine strategic options for battery technology . Says efficiency measures at group, brand and divisional level to be detailed in the coming months Further company coverage: [VOWG_p.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Volkswagen said to plan merging components unit - Bloomberg, citing sources
Tuesday, 14 Jun 2016 04:10pm EDT 

:Volkswagen said to plan merging components unit; will review disposing of peripheral assets - Bloomberg, citing sources.  Full Article

Fitch affirms Volkswagen AG at 'BBB+'; outlook negative
Thursday, 2 Jun 2016 12:00pm EDT 

Fitch: Fitch affirms Volkswagen AG at 'BBB+'; outlook negative .Ratings reflect effects of emissions scandal, which came to light in September 2015.  Full Article

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U.S. Volkswagen owners: Your compensation from scandal settlement

(In June 28 item, in penultimate answer, corrects website to www.VWCourtSettlement.com from www.VWClassSettlement.com)