|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||34.26 - 34.61|
|52-week range||30.02 - 46.53|
|PE ratio (TTM)||6.63|
|Forward dividend & yield||N/A (N/A)|
|1y target est||49.16|
Customers show a distinct shift in their preferences for trucks and SUVs. Automakers are reorienting their programs and strategies to respond to the situation.
Now the European Union is responding to Trump tariffs with carrots as well as sticks. The European Commission, the EU's executive branch, said Wednesday that 25% tariffs on $3.2 billion worth of American imports, including Harley-Davidson (HOG) motorcycles, will take effect on Friday.
Ford (F) and Volkswagen (VLKAY) mull over forming an alliance on a range of activities, including the development of commercial vehicles.
SEOUL, South Korea (AP) — Hyundai Motor Group said Wednesday it signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell.
Volkswagen shares ticked up 1.5 per cent on Wednesday after the group announced it was exploring a “strategic alliance” with Ford to build commercial vehicles. In a joint press release published on Tuesday ...
Volkswagen AG and Ford Motor Co. are considering a strategic alliance to work together on a range of commercial vehicles, a move that would enable two of the world’s largest automakers to share the burden of meeting tougher environmental rules. Automakers across the globe are exploring ways to share expenses for developing light commercial vehicles, including electrified models, as cities including Paris and Shanghai push to improve air quality. Ford Chief Executive Officer Jim Hackett has his company on a “fitness” campaign to cut $25.5 billion in costs and is seeking partners along the way.
Mr Stadler was held in custody for his alleged role in the Volkswagen diesel scandal one week after his home was raided. The arrest, described by two people close to Audi as a “huge surprise” and “completely unexpected by everybody,” made Mr Stadler the highest-ranking executive to be held in custody since the diesel scandal was exposed nearly three years ago.
Volkswagen AG named Bram Schot as interim chief at its Audi unit, selecting the luxury brand’s sales chief to replace longtime leader Rupert Stadler following his arrest Monday over his role in VW’s diesel-emissions cheating. The decision, following two days of crisis discussions at Volkswagen’s board, elevates an executive so far untainted by the slow-motion scandal that continues to burn almost three years after the company admitted to rigging emissions test. Stadler, who remains in jail pending testimony he’s scheduled to give this week, asked to be temporarily relieved of his duties, Audi said Tuesday in a statement.
Volkswagen AG picked Bram Schot as interim chief at its Audi unit, taking nearly two days to decide after being caught wrong-footed by the surprise arrest of longtime leader Rupert Stadler over his role in the diesel-emissions scandal. Audi accepted a request by Stadler, who remains in custody pending questioning, “to release him from his duties,” according to a statement Tuesday. The deferential wording contrasts with an executive reshuffle in September, which Schot was also part of, that ousted four out of seven management board members without explaining their shortcomings.
At Volkswagen AG, it gets you promoted. Until his arrest on Monday, Audi chief executive Rupert Stadler had defied any prediction that he might carry the can for the diesel cheating that took place while he was boss. Stadler, who became CEO of the VW unit in 2007, was elevated to a new role overseeing sales across the Volkswagen group as recently as April.
Volkswagen AG supervisory board members reconvened Tuesday to pick a new leader for the Audi unit after the unexpected arrest of the brand’s longtime chief, with a plan to resolve the situation later in the day, two people familiar with the deliberations said. Talks late Monday to appoint Audi sales boss Bram Schot as the unit’s interim chief executive officer following the arrest of Rupert Stadler failed to come to an agreement. Stadler was arrested at his home in the early hours of Monday after police tapped his phone.
is poorly governed by a supervisory board that lacks both independence and expertise. VW on Tuesday announced a new interim chief executive, Audi board member and sales chief Abraham Schot. Instead, it was based on Mr Stadler’s own request to step down.
Shares of Tesla (TSLA) popped 3.53% on Monday to close at $370.83, inching slowly closer to their 52-week high. After a series of positive developments, spread out over the last few weeks, Tesla's stock price has gone on a sustained run that has many investors thinking the electric car company might be back on track. So let's take a look at the most recent Tesla news and give investors a quick preview of what's to come.
BERLIN (AP) — The arrest of the CEO of Volkswagen's Audi division is another milestone in the German automaker's three-year scandal over diesel emissions cheating.
Rupert Stadler’s arrest Monday morning adds to the list of German and U.S.-based executives at Volkswagen AG that have been held, charged, or both over their alleged involvement in the emissions-testing scandal at the carmaker known as Dieselgate. The CEO of VW’s luxury Audi unit is being detained because of the risk he may tamper with evidence, Munich prosecutors said. Here is a rundown of the other high-profile executives arrested or charged by prosecutors on both sides of the Atlantic.
Volkswagen AG is preparing to name Bram Schot as interim chief at its Audi unit, according to a person familiar with the matter, following the arrest of the luxury brand’s longtime leader Rupert Stadler over his role in VW’s diesel-emissions cheating. Stadler, 55, has been placed on leave after Munich prosecutors took him into custody in the early hours at his home in Ingolstadt, Germany, they said. The arrest took Volkswagen and its investors by surprise.
Audi chief executive Rupert Stadler was arrested on Monday for his alleged role in the Volkswagen Group’s diesel cheating scandal, the company has confirmed. Audi had no further comment on the matter. Mr Stadler, the luxury carmaker’s CEO since 2007 and a VW Group board member since 2010, is the highest sitting executive to be taken into custody since the decade-long diesel cheating scandal was exposed by US regulators nearly three years ago.
Volkswagen AG’s board was unable to agree on a new leader for its Audi unit after more than six hours of debate Monday, with some members balking at making a hasty choice after the unexpected arrest of the brand’s longtime chief. Plans by VW stakeholders to quickly appoint Audi sales boss Bram Schot as the unit’s interim chief executive officer following the arrest of Rupert Stadler encountered resistance at a meeting of supervisory board members, and it’s unclear when the situation will be resolved, according to people familiar with the matter. “The supervisory board members of VW and Audi haven’t reached a decision yet today and continue to explore the situation,” the automaker said in an emailed statement late Monday.
Rupert Stadler is likely to be forced to step down for the time being from his position as chief executive of Audi, the luxury arm of German carmaker Volkswagen , following his arrest on Monday morning, ...
Rupert Stadler is likely to be forced to step down, for the time being, from his position as chief executive of Audi, according to two people familiar with the situation following his arrest on Monday morning. The board is expected to vote on the issue today, with Audi boardmember and sales chief Abraham Schot lined up to become interim CEO, two people said and as also reported by German weekly Der Spiegel. Mr Schot, who joined the VW Group from Mercedes-Benz Italia in 2011, was appointed an Audi boardmember last September.
BERLIN (AP) — German prosecutors say that automaker Volkswagen as a whole is responsible for the 2015 diesel emissions cheating scandal, a day after the company said it would accept a one-billion euro fine (1.18 billion dollars).