|Bid||20.90 x 0|
|Ask||20.91 x 0|
|Day's range||20.59 - 21.33|
|52-week range||18.03 - 28.80|
|Beta (5Y monthly)||0.51|
|PE ratio (TTM)||9.31|
|Earnings date||29 Oct 2021 - 02 Nov 2021|
|Forward dividend & yield||0.62 (3.24%)|
|Ex-dividend date||30 Jul 2021|
|1y target est||N/A|
Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker's other Chinese partners who fear they could be sidelined, sources familiar with the matter said. The world's second-biggest carmaker secured a controlling 75% stake in a venture with China's JAC in 2020 after Beijing relaxed rules that had previously barred foreign firms from owning majority stakes in local auto companies. Volkswagen, which took control of one of JAC's plants in the eastern city of Hefei last year, is now in talks to buy another as part of a big expansion in electric vehicles (EV), three sources with knowledge of the matter said.
In late December 2019, managers at Volkswagen headquarters in Wolfsburg realised they might have a serious problem in China, the company's biggest market and ticket to its electric future. Its flagship Passat sedan had fared badly in an unofficial safety test carried out by an insurance industry body which simulated a front-on driver's side collision, a test that's been widely used in the United States for around a decade. The crash-test video went viral, attracting millions of views and triggering a social media furore across China, where the German auto king's success is built on its reputation for superior quality and engineering.
(Bloomberg) -- In late July, U.S. Commerce Secretary Gina Raimondo said things were getting better for automakers suffering chip shortages that have shuttered plants and crippled production.Not that much better, it turns out. This week, suppliers of those vital electronic components warned the problem is far from over and said the car industry’s rapid pivot to electric vehicles may further stretch their ability to catch up. Their customers share the cautious view.According to the two biggest mak