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Volkswagen AG (VLKAY.PK)

VLKAY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

VW's Skoda to produce all-electric vehicles in Mlada Boleslav from 2020
12:14pm EST 

Nov 17 (Reuters) - Volkswagen Ag :VW's Czech unit Skoda Auto says to produce all-electric vehicles at Mlada Boleslav facility from 2020.Skoda says will produce electrical components for plug-in hybrid models from 2019.Skoda says plans to launch five battery-electric models by 2025 ."Skoda's future will be electric," says CEO Bernhard Maier. "By 2025, we plan to offer five purely electrically powered models in various segments. We are pleased that the first all-electric SKODA will be built in the Czech Republic. This decision underlines the Group’s confidence in the SKODA workforce. This is an important step for the future of the SKODA brand and the Czech Republic as an automotive location.".Skoda says first electrified series model will be launched in 2019: the SKODA SUPERB with plug-in hybrid drive, which will roll off the Kvasiny plant production line.  Full Article

VW CEO says greater spending discipline will help cut investments
8:17am EST 

Nov 17 (Reuters) - Vw :Ceo says will stand by ambtious targets of strategy 2025.Works council chief says high investments needed to underpin electric-car push.Works council chief says wolfsburg targets 820,000 vehicle output in 2020.Chairman says latest prosecutor searches not discussed at board meeting on friday.Ceo says greater spending discipline will help lower investments.  Full Article

Volkswagen says October group deliveries up 8.2 percent
Thursday, 16 Nov 2017 05:00am EST 

Nov 16 (Reuters) - Volkswagen :Says group deliveries up 8.2 percent in october at 940,800 vehicles.Says october group deliveries up 3.8 percent in europe, up 6.6 percent in north america, up 9.4 percent in china.Says group deliveries up 3.2 percent in january-october period at 8.7 million vehicles.  Full Article

VW works council confirms Osterloh's office searched
Wednesday, 15 Nov 2017 02:30am EST 

Nov 15 (Reuters) - Volkswagen :Works council confirms Osterloh's office was searched on Tuesday.Works council says investigation not aimed at Osterloh, also expects his remuneration will be found to be legal.  Full Article

‍Volkswagen Group Canada says Daniel Weissland to take over as president and CEO
Monday, 13 Nov 2017 12:50pm EST 

Nov 13 (Reuters) - ‍Volkswagen Group Canada : :‍Volkswagen Group Canada says Daniel Weissland will take over as president and Chief Executive Officer effective December 1​.  Full Article

Volkswagen says October VW brand deliveries rise 7.7 pct
Thursday, 9 Nov 2017 02:36am EST 

Nov 9 (Reuters) - Volkswagen :Says VW brand deliveries rise 7.7 percent to 550,900 vehicles in October.VW brand October deliveries in Western Europe down 3 percent, in U.S. up 11.9 percent, in China up 9.2 percent.Says VW brand deliveries for January-Cctober up 3.2 percent at 5.04 million.  Full Article

Volkswagen, Google work together on quantum computers​
Tuesday, 7 Nov 2017 06:08am EST 

Nov 7 (Reuters) - Volkswagen AG :Says Volkswagen Group and Google work together on quantum computers​.Says cooperation with Google aims to build up specialist knowledge and to carry out practically oriented research​.  Full Article

Audi recalls about 5,000 A8 automobiles with V8 TDI engine in Europe ‍​
Thursday, 2 Nov 2017 06:19am EDT 

Nov 2 (Reuters) - AUDI AG ::RECALLS APPROXIMATELY 5,000 A8 AUTOMOBILES WITH V8 TDI ENGINE IN EUROPE ‍​.A8 MODELS OF THE TYPE D4 WITH EURO 6 CERTIFICATION ARE AFFECTED‍​.SOFTWARE UPDATE TO IMPROVE EMISSIONS IN REAL DRIVING OPERATION BEING DISCUSSED WITH REGULATORY AUTHORITIES ‍​.  Full Article

Porsche says U.S. Oct sales up 4.6 pct to 4,715 cars
Wednesday, 1 Nov 2017 12:26pm EDT 

Nov 1 (Reuters) - Porsche Cars North America:Porsche North America division says Oct. U.S. sales up 4.6 pct to 4,715 cars, year-to-date sales up 2.7 pct.  Full Article

Volkswagen of America reports Oct. sales of 27,732 units, up 11.9 pct
Wednesday, 1 Nov 2017 10:57am EDT 

Nov 1 (Reuters) - Volkswagen of America : :Volkswagen of America - Reported sales of 27,732 units delivered in October 2017, an 11.9 percent increase over October 2016.  Full Article

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Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. | Video