0P6N.IL - VOLKSWAGEN AG VOLKSWAGEN ORD SH

IOB - IOB Delayed price. Currency in EUR
164.62
-1.82 (-1.10%)
At close: 4:24PM BST
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Previous close166.45
Open166.30
Bid156.70 x 0
Ask172.55 x 0
Day's range163.60 - 166.30
52-week range131.20 - 174.60
Volume1,681
Avg. volume42,252
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters4 hours ago

    German prosecutors probe bonus payments to suspended VW manager

    German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker's emissions cheating scandal. Regulators blew the whistle on Volkswagen (VW) in 2015 after the German company was caught using software designed to cheat emissions tests on diesel engines. VW has argued the cheating was the work of a handful of engineers who acted without the consent or knowledge of members of the management board, which at the time included VW's current chief executive Herbert Diess and chairman Hans-Dieter Poetsch.

  • Reuters5 days ago

    Automakers invest heavily in electric vehicles despite still-low demand

    Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.

  • BMW, Qualcomm Battle VW, Renault on Connected Car Rules
    Bloomberg6 days ago

    BMW, Qualcomm Battle VW, Renault on Connected Car Rules

    In a vote Wednesday, the European Parliament ratified draft rules by the European Commission, the bloc’s executive body, which endorse WiFi technology pushed by VW, General Motors Co., and Volvo Group. The European Council of member states still have a say on the draft rules and could decide to veto it.

  • Reuters6 days ago

    Volkswagen to take on Tesla X in China from 2021 with electric SUV

    Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen's aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW said its ID ROOMZZ, which it presented in Shanghai on Sunday, will have three rows of seats and an operating range of up to 450 kms.

  • A $255 Billion EV Debate Is Raging Among the World’s Biggest Automakers
    Bloomberg7 days ago

    A $255 Billion EV Debate Is Raging Among the World’s Biggest Automakers

    Some think electric cars made by companies besides Tesla Inc. stand the chance to be hits, while others think they’ll fail to really sell. Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs. Bob Carter, executive vice president of sales for Toyota Motor North America, said at a conference affiliated with this week’s New York auto show that batteries are still too expensive and place plug-in cars out of reach for many buyers.

  • Former Volkswagen CEO Winterkorn charged with fraud by German prosecutors
    Reuters8 days ago

    Former Volkswagen CEO Winterkorn charged with fraud by German prosecutors

    FRANKFURT/BERLIN (Reuters) - German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker's manipulation of diesel emissions testing, more than three years after the scandal came to light. The German case comes nearly a year after the United States filed charges against Winterkorn, accusing him of conspiring to cover up the German carmaker's emissions cheating. The prosecutors office in the German city of Braunschweig said in a statement that Winterkorn and four other managers faced charges.

  • Former Volkswagen boss Winterkorn indicted on fraud charges over 'dieselgate' scandal
    Sky News8 days ago

    Former Volkswagen boss Winterkorn indicted on fraud charges over 'dieselgate' scandal

    Volkswagen's former boss and four others have been indicted on charges of fraud and unfair competition over the firm's efforts to cheat diesel emission tests. Martin Winterkorn faces four charges, with prosecutors saying he failed to prevent the manipulation of Volkswagen engines that enabled the cars to falsify results. Mr Winterkorn led the German car maker in 2015 when it was revealed it had installed software to manipulate emissions results as far back as 2009.

  • Volkswagen Plots Major China Push as Tensions Rise at Home
    Bloomberg8 days ago

    Volkswagen Plots Major China Push as Tensions Rise at Home

    A year into his tenure, Volkswagen AG Chief Executive Officer Herbert Diess is entering critical months as he seeks to expand the carmaker’s sprawling Chinese operations while containing labor friction that’s been rising at home. The Chinese market is leading a global shift toward electric vehicles and will take on a bigger role for the German automaker as both a production hub and a research center, Diess told reporters ahead of the China auto show in Shanghai. The company plans to deliver 22 million battery-electric vehicles by 2028, with more than half of them made in China.

  • Reuters8 days ago

    VW to take on Tesla X in China from 2021 with electric SUV

    Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen's aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW said its ID ROOMZZ, which it presented in Shanghai on Sunday, will have three rows of seats and an operating range of up to 450 kms.

  • VW says China to become global software development hub to autonomous tech
    Reuters8 days ago

    VW says China to become global software development hub to autonomous tech

    Volkswagen will use Chinese software developers to help design a global autonomous vehicle architecture thanks to the prevalence of qualified programmers which carmakers are struggling to hire elsewhere, senior executives said on Monday. As carmakers scramble to develop advanced driver assistance systems and autonomous driving functions, carmakers are struggling to find qualified engineers to build the software algorithms needed to teach cars the right reflexes. Volkswagen has 4,000 engineers in China, with an average age of 29, spread over five research and development sites and a rapidly growing number of software engineers.

  • Reuters8 days ago

    Volkswagen China chief says in talks with five potential battery cell suppliers

    Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group. "We are working with five battery cell suppliers qualifying them to group level. In China we have chosen to do this with Chinese players," Stephan Woellenstein (55), CEO of Volkswagen China Passenger Cars said in Shanghai on Monday.

  • VW China chief says in talks with five potential battery cell suppliers
    Reuters8 days ago

    VW China chief says in talks with five potential battery cell suppliers

    Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group. "We are working with five battery cell suppliers qualifying them to group level. In China we have chosen to do this with Chinese players," Stephan Woellenstein (55), CEO of Volkswagen China Passenger Cars said in Shanghai on Monday.

  • Volkswagen expects core brand's global 2019 sales to be in line with last year - senior exec
    Reuters8 days ago

    Volkswagen expects core brand's global 2019 sales to be in line with last year - senior exec

    Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday. Worldwide we expect sales to be in line and are optimistic that we can even post some growth," Juergen Stackmann, the VW brand's board member responsible for sales, told journalists on the sidelines of the Shanghai Autoshow. Sales in China fell in the first quarter but government incentives are expected to boost demand in the second half of the year, leading the VW brand to expect stable sales on a full year basis, Stackmann said.

  • Reuters8 days ago

    Volkswagen expects core brand's global 2019 sales to be in line with last year: senior executive

    Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday. Worldwide we expect sales to be in line and are optimistic that we can even post some growth," Juergen Stackmann, the VW brand's board member responsible for sales, told journalists on the sidelines of the Shanghai Autoshow. Sales in China fell in the first quarter but government incentives are expected to boost demand in the second half of the year, leading the VW brand to expect stable sales on a full year basis, Stackmann said.

  • Volkswagen pushes battery partners to build Gigafactories
    Reuters9 days ago

    Volkswagen pushes battery partners to build Gigafactories

    SHANGHAI (Reuters) - Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive ...

  • Associated Press9 days ago

    Volkswagen unveils fully-electric SUV for China market

    Volkswagen is planning to release a fully-electric SUV in China which could compete with Tesla's Model X.

  • Bloomberg9 days ago

    VW Unveils Apple-Skinned SUV Challenger to Tesla's Model X

    The full-size SUV, available from 2021, features rotating lounge-seats covered in so-called AppleSkin -- an artificial leather made in part from apple-juice waste, VW said ahead of the Shanghai auto show. Roomzz will follow the rollout of an all-electric hatchback and a compact crossover in 2020 as well as battery versions of the Lavida and Bora sedans in China this year. China is forcing automakers to sell more electric vehicles, more battery-powered and hybrid cars to fight pollution.

  • Reuters11 days ago

    European shares end higher boosted by banks and auto stocks

    Banks and the auto sector were the biggest boosts to the benchmark on the day. Italy's MIB led gains in the region with its 0.8 percent rise, having hit an eight-month high earlier the session, while German shares closed up 0.5 percent. Data showed that China's exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy.

  • Reuters - UK Focus11 days ago

    European shares edge lower as Unicredit, Banco Santander fall

    European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States. The pan-European STOXX 600 index was down 0.2 percent at 0718 GMT, on track to end the week lower after two weeks of gains. Concern about sluggish global growth were reinforced this week by central banks in the euro zone and United States, which maintained their dovish stances and separately warned of risks to the world economy.

  • Reuters12 days ago

    China's JAC says it has not held talks with Volkswagen

    JAC Motors said on Thursday it had not held talks with Volkswagen AG, after Reuters reported that the German auto giant was interested in taking a stake in its Chinese electric vehicle joint venture partner. "The company and Volkswagen have not conducted formal business discussions on the matters mentioned in the news reports nor does it have any plans for an equity acquisition," JAC said in a stock exchange statement. Reuters reported on Wednesday that Volkswagen was exploring the purchase of a large stake in JAC and had hired Goldman Sachs to advise on the plan.

  • Reuters12 days ago

    Volkswagen eyes big stake in China partner JAC, taps Goldman - sources

    HONG KONG/FRANKFURT (Reuters) - Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. The move by VW, the largest foreign automaker in China, to buy into Anhui Jianghuai Automobile Group (JAC Motors) is the latest by foreign automakers to boost ownership in the world's biggest car market since Beijing relaxed rules last year. Rival German automaker BMW agreed in October to buy control of its main joint venture in the country for 3.6 billion euros (3.1 billion pounds).

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