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Volkswagen AG (VOWG_p.DE)

VOWG_p.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

VW China venture to recall 572,422 Audi vehicles for possible airbag issue - safety watchdog
Tuesday, 28 Mar 2017 04:20am EDT 

China safety watchdog General Administration of Quality Supervision, Inspection and Quarantine says: Volkswagen AG China joint venture with China FAW Group Corp [SASACJ.UL] to recall 572,422 Audi vehicles due to potential leak in sunroof possibly causing airbag safety issue .556,196 of the recalled vehicles are made in China.  Full Article

Volkswagen appoints Kurt Michels Chief Compliance Officer
Friday, 24 Mar 2017 06:01am EDT 

Volkswagen AG : Dr. Kurt Michels to be chief compliance officer of volkswagen group Further company coverage: [VOWG_p.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

VW's Skoda Auto sees deliveries growing in 2017 -CEO
Wednesday, 22 Mar 2017 05:56am EDT 

Volkswagen Ag : VW's Skoda Auto CEO Bernhard Maier, speaking at annual news conference, says expects 2017 deliveries to be above 2016 level . Skoda reported new record sales of 1,126,500 vehicles in 2016, up 6.7 percent . Reported on Wednesday ecord sales revenue of 13.7 billion euros in 2016, up 9.8 percent . Operating profit grew by 30.8 percent to 1.197 billion euros in 2016, after-tax profit up 34.3 percent to 951 million euros Further company coverage: [VOWG_p.DE] (Reporting By Jason Hovet) ((jason.hovet@thomsonreuters.com;)).  Full Article

Modelleria Brambilla signs agreement with Volkswagen Germany
Tuesday, 21 Mar 2017 03:00am EDT 

Modelleria Brambilla SpA :Signs agreement with Volkswagen Germany for 430,000 euros ($463,755) for the equipment for construction of four-cylinder gasoline engine.  Full Article

Porsche had strong start into 2017 - CEO
Friday, 17 Mar 2017 08:23am EDT 

Porsche CEO says : First two months were very positive, are confident to slightly grow car sales and revenues in 2017 . Wants to generate synergies via a joint vehicle platform with Audi; plans to be laid out in several weeks . Is currently not planning to set up production outside Germany Further company coverage: [VOWG.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Audi CEO says neither home nor office has been searched
Wednesday, 15 Mar 2017 09:03am EDT 

Audi : Audi CEO says neither his private home nor office have been searched, raid is still ongoing Further company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +496975651270;)).  Full Article

Audi operating margin shrinks to 5.1 pct in 2016
Wednesday, 15 Mar 2017 05:05am EDT 

Audi : Says 2016 sales 59.3 billion eur versus 58.4 billion year-ago . Says 2016 operating profit 3.05 billion eur versus 4.84 billion year-ago; operating margin 5.1 percent versus 8.3 percent . Says 2016 provisions for emissions scandal 1.632 billion eur, Takata recalls 162 million eur . Says 2016 bonus to workers in Germany 3.510 eur versus 5.420 eur year-ago . Says expects 2017 auto sales, revenue to slightly exceed year-ago records . CEO says diesel crisis not over yet, ties resources . CEO says investigation of emissions scandal far from over, will keep at it until work is done . CEO says reviewing all parts of business operations in response to Dieselgate Further company coverage: [NSUG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Fiat Chrysler shares turn positive after Volkswagen CEO comments
Tuesday, 14 Mar 2017 08:35am EDT 

Fiat Chrysler Automobiles: Shares in the car maker erase losses and turn positive, up 0.6 percent after Volkswagen CEO comments . Volkswagen Chief Executive Matthias Mueller said he is not ruling out talks with Fiat Chrysler boss Sergio Marchionne about a possible merger [ID:nL5N1GR3O9] Further company coverage: [FCHA.MI] (Reporting by Milan newsroom).  Full Article

Volkswagen of America posts Feb. sales 25,145 units, up 12.7 pct
Wednesday, 1 Mar 2017 10:50am EST 

Volkswagen Of America:February sales totaled 25,145 units, an increase of 12.7 percent over February 2016.  Full Article

Volkswagen, Navistar alliance receives regulatory approval
Wednesday, 1 Mar 2017 04:10am EST 

Volkswagen AG : Says receives green light for strategic alliance between Volkswagen Truck & Bus and Navistar . Says Volkswagen Truck & Bus pays $256 mln for 16.6 percent of company shares in NavistarFurther company coverage: [VOWG_p.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

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VW board recommends discharging top management, supervisory panel

BERLIN Volkswagen's supervisory board has recommended shareholders to discharge the carmaker's top management and the supervisory panel from liability for actions taken last year.