|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||325.00 - 331.00|
|52-week range||154.50 - 480.00|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||12.33|
|Forward dividend & yield||5.81 (1.71%)|
|Ex-dividend date||23 Jul 2021|
|1y target est||N/A|
Volkswagen expects semiconductor supply bottlenecks in China to start easing over the coming weeks and to cover the needs of the carmaker's main brand by the end of the third quarter, it said on Friday. "We see light at the end of the tunnel," Volkswagen China chief Stephan Woellenstein told journalists in a briefing. Woellenstein said he was still confident the company will record a rise in sales volume in China, both for the VW brand and the group, this year as long as the chip shortage does not worsen.
Shareholders in Europe's largest carmaker Volkswagen on Thursday approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, related to the company's emissions scandal. The initial deal, which was announced last month and which will see Volkswagen receive 288 million euros ($339 million) in compensation, required shareholder approval and 99.9% of investors agreed to the proposal at the group's annual general meeting. The settlement marks a major milestone in the carmaker's efforts to turn a page on the scandal, which has cost it more than 32 billion euros in vehicle refits, fines and legal costs so far.
Electric cars will be profitable within “two or three years”, according to Volkswagen's boss, while Mercedes-Benz plans to spend more than €40bn (£34bn) to electrify its range. Herbert Diess, chief executive of the Audi, Seat, Skoda and Porsche owner, made the prediction at VW's annual meeting on Thursday. Although the German company has never revealed the profitability of its electric models, experts believe the immense investment required to develop zero-emission models means they are unlikely