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Volkswagen AG (VOWG_p.DE)

VOWG_p.DE on Xetra

141.64EUR
9:25am EDT
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Latest Key Developments (Source: Significant Developments)

Audi Confirms Outlook, Expects Moderate Increase In Deliveries At End Of Year - AGM
4:00am EDT 

May 23 (Reuters) - Audi AG annual general meeting::CFO SAYS DESPITE HEADWIND FROM CURRENCY EXCHANGE RATES, WE EXPECT SLIGHT INCREASE IN REVENUE IN 2019.CFO SAYS WE EXPECT A RETURN ON SALES OF BETWEEN 7 AND 8.5% IN 2019.CONFIRMS OUTLOOK, EXPECTS MODERATE INCREASE IN DELIVERIES AT END OF YEAR.CFO SAYS WE WANT TO INVEST 40 BILLION EUROS IN AUDI’S FUTURE CAPABILITIES BY 2023, PLANNING 14 BILLION EUROS OF THAT FOR AUTOMATED DRIVING, DIGITAL SERVICES AND ELECTRIC MOBILITY.CFO SAYS WE HAVE TIGHTENED COST CUT PLAN TARGET TO 15 BILLION EUROS FROM ORIGINALLY 10 BILLION BY END OF 2022, 70% OF PLAN HAS BEEN DEFINED WITH CONCRETE MEASURES.EXPECT ELECTRIFIED AUTOMOBILES TO ACCOUNT FOR ABOUT 40% OF WORLDWIDE UNIT SALES BY 2025, PLAN TO LAUNCH 20 ALL-ELECTRIC CARS BY THEN.WANT TO EXPAND MOBILITY OFFERING WITH SIXT, WILL LAUNCH PARTNERSHIP IN Q4.  Full Article

Volkswagen's MAN Affirms 2019 Outlook
Wednesday, 22 May 2019 04:06am EDT 

May 22 (Reuters) - MAN SE ::EXPECTS THE MAN GROUP’S SALES REVENUE TO INCREASE SLIGHTLY IN 2019.SAYS OPERATING PROFIT AND OPERATING RETURN ON SALES WILL IMPROVE NOTICEABLY IN 2019 COMPARED WITH THE PREVIOUS YEAR.  Full Article

Volkswagen Brand Sales Fall 6.2% In April
Wednesday, 15 May 2019 05:00am EDT 

May 15 (Reuters) - Volkswagen AG ::APRIL VOLKSWAGEN BRAND SALES DOWN 6.2% Y/Y TO 487,400 VEHICLES.APRIL VOLKSWAGEN BRAND SALES IN CHINA (INCLUDING HONG KONG) DOWN 6.5%.SAYS CHINA REMAINS "BIG CHALLENGE" FOR VOLKWAGEN, OTHER COMPANIES.APRIL VOLKSWAGEN BRAND SALES IN EUROPE DOWN 4.8%.APRIL VOLKSWAGEN BRAND SALES IN U.S. UP 8.7%.  Full Article

Volkswagen shareholders defer discharge of Rupert Stadler
Tuesday, 14 May 2019 04:14pm EDT 

May 14 (Reuters) - Volkswagen AG says::SHAREHOLDERS FORMALLY APPROVE ACTIONS OF BOARD OF MANAGEMENT AND SUPERVISORY BOARD AND ADOPT RESOLUTION ON INCREASED DIVIDEND FOR 2018.SHAREHOLDERS DEFERRED FORMAL APPROVAL OF THE ACTIONS OF RUPERT STADLER ON ACCOUNT OF ONGOING DIESEL INVESTIGATIONS.ACTIONS OF ALL OTHER MEMBERS OF THE BOARD OF MANAGEMENT AND THE SUPERVISORY BOARD PASSED BY 94.95 PERCENT.  Full Article

Volkswagen CEO Affirms 2019 Guidance
Tuesday, 14 May 2019 04:30am EDT 

May 14 (Reuters) - Volkswagen CEO at AGM::AFFIRMS 2019 GUIDANCE.VOLKSWAGEN CEO SAYS TALKS WITH FORD <<>> ADVANCING POSITIVELY ON FURTHER COOPERATION.GROWTH PERSPECTIVE FOR ENGINEERING BUSINESS INCLUDES JV, PARTNERSHIPS, PARTIAL OR ENTIRE SALE.SEES UPTURN IN CHINA BUSINESS STARTING IN H2 DUE TO VAT CUT, MODEL OFFENSIVE.  Full Article

Volkwagen Says More Than 15,000 Registrations For New ID.3 Model
Tuesday, 14 May 2019 03:45am EDT 

May 14 (Reuters) - Volkswagen AG ::VOLKWAGEN SAYS MORE THAN 15,000 REGISTRATIONS FOR NEW ID.3 MODEL.  Full Article

VW Works Council Head: Possible Traton IPO Needs To Include Clear Prospects
Monday, 13 May 2019 09:47pm EDT 

May 14 (Reuters) - Volkswagen VOWG_P.DE::WORKS COUNCIL HEAD AND BOARD MEMBER OSTERLOH SAYS WE WELCOME RECENT DECISIONS.WORKS COUNCIL HEAD AND BOARD MEMBER OSTERLOH SAYS POSSIBLE TRATON IPO NEEDS TO INCLUDE CLEAR PROSPECTS, INCLUDING SECURE JOBS.WORKS COUNCIL HEAD AND BOARD MEMBER OSTERLOH SAYS TALKS ON INCREASING EFFICIENCY ARE GOING WELL, CONVINCED WE SEE A RESULT IN MAY WHICH WILL BE ACCEPTABLE TO ALL STAKEHOLDERS.  Full Article

Volkswagen's Porsche Acquires Majority Stake In Software Co Cetitec
Thursday, 9 May 2019 05:08am EDT 

May 9 (Reuters) - Dr Ing hc F Porsche AG::VOLKSWAGEN'S PORSCHE ACQUIRES MAJORITY STAKE IN SOFTWARE CO CETITEC.  Full Article

Audi April Sales Down 12.8 Pct To 140,300 Cars
Thursday, 9 May 2019 05:00am EDT 

May 9 (Reuters) - AUDI AG ::APRIL SALES DOWN 12.8 PERCENT TO 140,300 CARS, JAN-APRIL DOWN 5.9 PERCENT TO 587,550 CARS.APRIL SALES DOWN 7.8 PERCENT IN EUROPE, DOWN 21.4 PERCENT IN US, DOWN 11.5 PERCENT IN CHINA AND DOWN 10.5 PERCENT IN GERMANY.  Full Article

Audi Q1 Revenue Lower Than Yr Ago At EUR 13.8 Bln
Friday, 3 May 2019 04:00am EDT 

May 3 (Reuters) - Audi Ag ::DGAP-NEWS: AUDI GROUP: FIRST QUARTER REPORT 2019.OUTLOOK FOR FULL YEAR 2019 UNCHANGED.IN FIRST THREE MONTHS OF 2019, AUDI GROUP GENERATED A CASH FLOW FROM OPERATING ACTIVITIES OF EUR 2,113 (2,449) MILLION.BETWEEN JANUARY AND MARCH 2019, FINANCIAL RESULT BEFORE TAX OF AUDI GROUP DECLINED TO EUR 96 (127) MILLION.Q1 PROFIT BEFORE TAX OF EUR 1,196 (1,426) MILLION.Q1 PROFIT AFTER TAX CAME TO EUR 929 (1,060) MILLION.Q1 DELIVERIES TO CUSTOMERS FELL BY -3.6 PERCENT TO 447,247 (463,750) VEHICLES.Q1 REVENUE LOWER THAN IN PRIOR-YEAR PERIOD AT EUR 13.8 (15.3) BILLION.  Full Article

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Workers of Volkswagen Tennessee plant refile petition for union vote

The United Auto Workers (UAW) union said on Wednesday it filed a new petition for a union election at Volkswagen AG's Chattanooga, Tennessee plant, after the U.S. agency in charge of enforcing labor law dismissed a previous one.