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Volkswagen AG (VOWG.DE)

VOWG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Unanimous NLRB order requires Volkswagen to bargain with UAW local union - UAW
Wednesday, 31 Aug 2016 10:54pm EDT 

: Unanimous NLRB order requires Volkswagen to bargain with UAW local union . Pleased that NLRB has ordered Volkswagen to bargain with UAW local 42 as representative of skilled-trades employees in Chattanooga . Unanimous decision makes it clear that company has been operating in violation of federal law by refusing to come to bargaining table . "We urge Volkswagen to accept the NLRB order and bargain with the local union at the earliest possible date" Further company coverage: [VOWG_p.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Volkswagen recalls further natural-gas powered vehicles
Wednesday, 31 Aug 2016 11:20am EDT 

Volkswagen AG : Says to recall further natural-gas powered vehicles . Says recall extended to Caddy, Passat, Touran models of years through 2010 Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

U.S. DoJ said to uncover evidence of criminal acts in Volkswagen probe - WSJ
Monday, 15 Aug 2016 04:00pm EDT 

: U.S. DoJ negotiating settlement with Volkswagen expected to result in charges and significant financial penalties - WSJ, citing sources .U.S. DoJ said to uncover evidence of criminal acts in Volkswagen probe - WSJ.  Full Article

Volkswagen of America says July vehicle sales of 28,758 units
Tuesday, 2 Aug 2016 10:47am EDT 

Volkswagen of America:Volkswagen of America says vehicle sales of 28,758 units delivered in July 2016 versus 31,300 last year.  Full Article

VW's Skoda Auto says H1 revenue rises 10.8 percent
Thursday, 28 Jul 2016 08:01am EDT 

Volkswagen Ag : VW's Czech unit Skoda Auto says H1 revenue up 10.8 percent to 7.1 billion euros . operating profit u 31.2 percent to 685 million euros . deliveries in H1 569,400, record first half Further company coverage: [VOWG_p.DE] ((prague.newsroom@thomsonreuters.com;)).  Full Article

BMW, Volkswagen to procure more parts in Thailand - Nikkei
Wednesday, 13 Jul 2016 01:45pm EDT 

Nikkei: BMW will establish its first Southeast Asian international procurement base in Bangkok as early as next month - Nikkei .Volkswagen to relocate parts procurement base in Kuala Lumpur to Thailand site making commercial vehicles for Scania brand as early as next month - Nikkei.  Full Article

Porsche unit increases H1 sales by 3 percent y/y
Monday, 11 Jul 2016 01:50am EDT 

Volkswagen : Unit Porsche says sold 117,963 cars in H1 . Volkswagen says Porsche unit increased H1 sales by 3 percent y/y thanks to sales of cayman and boxster Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

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

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EU takes legal action against Germany, UK over VW scandal

BRUSSELS The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal.