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Volkswagen AG (VOWG_p.DE)

VOWG_p.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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

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

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Swiss seize evidence from AMAG group in VW emissions case

ZURICH Swiss prosecutors have opened criminal proceedings and seized evidence from the AMAG dealership network after an appellate court ruled Swiss investigators must conduct their own investigation of an emissions scandal at German carmaker Volkswagen AG , they said on Friday.