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Volkswagen AG (VOWG.DE)

VOWG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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

VW's Scania Q1 operating income rises 2 pct to SEK 2.3 bln
Thursday, 2 Jun 2016 03:30am EDT 

VW's Scania : Q1 operating income rose by 2 percent to SEK 2,295 million (2,245) .Q1 Net sales increased by 3 percent to SEK 23,056 million (22,321).  Full Article

Volkswagen of America reports 17.2 pct fall in May sales
Wednesday, 1 Jun 2016 11:17am EDT 

Volkswagen of America :Reported May 2016 sales of 28,779 units, down 17.2 percent year-over-year.  Full Article

Volkswagen recalls 5,900 Touran EcoFuel model cars worldwide
Tuesday, 31 May 2016 08:38am EDT 

Volkswagen AG : Says recalls 5,900 Touran EcoFuel model cars worldwide . Says recalls 5,900 Touran EcoFuel model cars worldwide for possible problems with gas containers Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Volkswagen says takes $300 mln stake in ride hailing company Gett
Tuesday, 24 May 2016 11:34am EDT 

Volkswagen Ag : Says takes $300 million stake in Gett Further company coverage: [VOWG_p.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Norges Bank Investment Management to join legal action against Volkswagen
Sunday, 15 May 2016 03:51pm EDT 

: Norges Bank Investment Management to join legal action against Volkswagen ;arising out of that Volkswagen gave incorrect emissions data-Spokeswoman (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Volkswagen April group sales flat
Friday, 13 May 2016 07:32am EDT 

Volkswagen AG says : April group sales flat at 853,300 . April group sales in U.S. down 3.6 percent, China up 0.1 percent, Europe up 3.8 percent . April VW brand sales down 3.9 percent to 476,700 Further company coverage: [VOWG_p.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

TCI tells VW to change its management pay system
Friday, 6 May 2016 12:17pm EDT 

TCI Fund Management in letter to Volkswagen management and supervisory boards : Says it calls for a new management remuneration system . Says that VW has been held back by underperforming, overpaid management . Says management bonuses should be paid in stock and deferred over 3 yrs . Says that poor performance should mean zero bonuses Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Hedge fund TCI launches activist campaign against Volkswagen- FT
Friday, 6 May 2016 11:33am EDT 

: TCI, the hedge fund run by Chris Hohn , launches activist campaign against Volkswagen - FT .TCI has built up a 1.2 bln euros stake in Volkswagen, written to management and supervisory boards demanding reform of executive pay - FT.  Full Article

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Volkswagen halts sales of most vehicles in South Korea ahead of ministry review

SEOUL/FRANKFURT German carmaker Volkswagen will suspend sales of most of its models in South Korea from July 25 as pressure builds on the company over its falsified emissions tests.