|Bid||267.20 x N/A|
|Ask||267.60 x N/A|
|Day's range||265.80 - 270.60|
|52-week range||131.80 - 357.40|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||7.60|
|Earnings date||29 Oct 2020|
|Forward dividend & yield||4.80 (1.79%)|
|Ex-dividend date||23 Jul 2021|
|1y target est||288.25|
DETROIT (Reuters) -Volkswagen AG's top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year. "Without a doubt, this shortage is going to go well into 2022, at least the second half of '22," Volkswagen Group of America Chief Executive Scott Keogh said at the Reuters Events Automotive Summit. The shortage of chips has led automakers around the world to curtail vehicle production, but also driven up profit as vehicle prices have risen.
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion euro ($34.7 billion) electrification plan Stellantis - born out of a merger of PSA and Fiat Chrysler earlier this year - said it had entered a preliminary agreement with battery maker LG Energy Solution to produce battery cells and modules for North America, where the world's No. 4 automaker expects more than 40% of its U.S. sales will be electric vehicles (EVs) by 2030. That follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), founded in 2020 by Stellantis and TotalEnergies in 2020.
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