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Volkswagen AG (0P6N.IL)

IOB - IOB Delayed price. Currency in EUR
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177.20-13.40 (-7.03%)
As of 01:14PM BST. Market open.
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  • Reuters

    Volkswagen faces Israeli emissions class action suit after court ruling

    Volkswagen faces a class action suit in Israel after a court ruled in favour of petitioners seeking compensation from the German carmaker over diesel emissions cheating. A Tel Aviv district court ruled that the class action suit will represent the car owners as well as the general public who were exposed to higher pollution levels, according to a court spokesperson and court documents. Volkswagen was found to have hidden excessive levels of toxic diesel emissions from its cars in 2015, a scandal that led to a management rout and a series of regulatory probes and lawsuits, many of which are taking years to settle.

  • Reuters

    Porsche's Blume: No plans to reconsider dual CEO rule after 'very positive' IPO

    FRANKFURT (Reuters) -Porsche AG Chief Executive Oliver Blume said there was no timeframe planned to re-evaluate his dual role as head of the newly independent sports car maker and the Volkswagen Group, describing it as a deliberate decision. Porsche AG shares were trading up 2.4% at 1007 GMT from their opening price of 84 euros, reaching a market capitalisation of 78.5 billion euros ($76.1 billion) - close to the 81 billion euro valuation of former parent Volkswagen.

  • Yahoo Finance UK

    Porsche makes market debut in Germany’s biggest IPO in over 25 years

    Oliver Blume, the company’s chief executive, called the IPO a 'historic moment' as it looks to shift toward electric vehicles.