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Volkswagen AG (VOWG.DE)

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Latest Key Developments (Source: Significant Developments)

Volkswagen brand sales up 4.4 percent in October
Thursday, 10 Nov 2016 06:30am EST 

Volkswagen : Global VW brand sales up 4.4 percent in October to 512,000 cars - brand CEO . VW brand chief says is confident that full year VW brand sales will exceed 2015 levels Further company coverage: [VOWG_p.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Audi 9-month operating profit before special items down at 3.9 bln euros
Friday, 28 Oct 2016 04:33am EDT 

Audi AG : Third quarter report 2016 . Generated revenue of 44,017 million euros (43,695 million euros year ago) for first nine months of 2016 .9-month operating profit before special items 3,918 million euros versus 4,024 million euros year ago.  Full Article

VW's Scania Q3 orders up 14 pct
Friday, 28 Oct 2016 03:33am EDT 

VW's Scania AB : Q3 order bookings SEK 18,346 mln (16,046) . Q3 operating profit SEK 2,385 mln (2,309) . Jan-Sep operating income amounted to SEK 3,733 mln. (7,046), and was negatively impacted by a provision of SEK 3.8 billion related to European Commission's competition investigation . Jan-Sep net sales rose by 8 percent to SEK 75,209 million. (69,686) . Higher vehicle volume in Europe and increased service revenue was partly offset by negative currency rate effects and lower deliveries in Latin America . Says in Eurasia, order bookings increased somewhat and Russia appears to have bottomed out . Says higher vehicle volume in Europe and increased service revenue was partly offset by negative currency rate effects and lower deliveries in Latin America . Says earnings were impacted negatively by high investment level related to Scania's new truck generation . Says european market market share around 17 percent .Says order bookings in Latin America continued at a low level, and Brazil is still uncertain.  Full Article

Volkswagen: September group sales up 7.1 pct at 947,600 vehicles
Friday, 14 Oct 2016 05:07am EDT 

Volkswagen AG : Says group sales in September up 7.1 percent at 947,600 vehicles .Says September group sales in Germany up 3.9 percent, in U.S. down 3.2 percent, in China up 20.1 percent.  Full Article

Blackrock says pursuing legal action against Volkswagen
Thursday, 15 Sep 2016 09:55am EDT 

: Blackrock - Pursuing legal action against Volkswagen AG for failure to disclose use of “defeat devices” that manipulated emission tests ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Navistar International Corp Q3 loss per share $0.42
Thursday, 8 Sep 2016 07:06am EDT 

Navistar International Corp : Navistar reports third quarter 2016 results . Q3 loss per share $0.42 . Q3 revenue $2.1 billion versus I/B/E/S view $2.18 billion . Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Sees FY 2016 revenue $8.2 billion to $8.6 billion . Sees adjusted EBITDA of $550 million - $600 million for fiscal year 2016 . Expects Volkswagen alliance to be accretive beginning in first year . FY2016 revenue view $8.33 billion -- Thomson Reuters I/B/E/S . Expects cumulative synergies for Navistar to ramp up to at least $500 million over first five years from Volkswagen deal .By year five, it expects alliance will generate annual synergies of at least $200 million for Navistar.  Full Article

Volkswagen electric car plans with Anhui Jianghuai Automobile
Wednesday, 7 Sep 2016 04:33am EDT 

Volkswagen AG : Announces agreement with Anhui Jianghuai Automobile . Signs intent for long-term development partnership with Anhui Jianghuai Automobile . Starts talks with Anhui Jianghuai Automobile on founding new joint venture . Goal is joint development of electric vehicles in China Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Navistar:Volkswagen Truck & Bus to acquire 16.2 million newly issued shares in co
Tuesday, 6 Sep 2016 06:59am EDT 

Navistar International Corp : Navistar announces wide-ranging strategic alliance with Volkswagen truck & bus . Volkswagen truck & bus will acquire 16.2 million newly issued shares in Navistar . Says Volkswagen Truck & Bus taking a 16.6% stake in Navistar . Volkswagen Truck & Bus will pay $15.76 per share . Says Volkswagen Truck & Bus to invest $256 million in Navistar . Says expects to realize cumulative synergies of $500 million over first five years . Says Volkswagen Truck & Bus has agreed to hold shares for a minimum of three years .Says Volkswagen Truck & Bus will have right to appoint two directors to Navistar's board of directors.  Full Article

UAW issues statement in response to Volkswagen appeal of NLRB order
Thursday, 1 Sep 2016 06:31pm EDT 

Gary Casteel of UAW : Released statement in response to decision by Volkswagen to appeal order by NLRB . "it’s overdue time" for Volkswagen to meet the local union at the bargaining table Further company coverage: [VOWG_p.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Volkswagen of America says sold 29,384 units in August, down 9.1 pct
Thursday, 1 Sep 2016 11:29am EDT 

Volkswagen of America : Volkswagen Of America Says Sales Of 29,384 Units Delivered In August 2016 Versus 32,332 Units Last Year Source (http://media.vw.com/release/1249/) Further company coverage: [VOWG.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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German authorities probe VW's Porsche for manipulation software

FRANKFURT Germany is investigating whether Volkswagen's (VW) sportscar brand Porsche used software to disguise exhaust emissions, the country's car industry regulator said on Thursday, in a fresh blow to VW's attempts to move on from a 15 month-old scandal.