|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||6.12|
|Forward dividend & yield||N/A (N/A)|
|1y target est||51.51|
Volkswagen posted a forecast-beating 23 percent rise in underlying quarterly operating profit. But, the carmaker has cited difficulties conforming to new anti-pollution rules, clouding the sales outlook for passenger cars. Thuy Ong reports.
So far in this series, we’ve looked at the August US vehicle sales of key auto giants (IYK) Fiat Chrysler Automobiles (FCAU), Honda Motor Company (HMC), and Toyota Motor (TM). While Italian-American automaker Fiat Chrysler and Honda reported YoY (year-over-year) rises in their US sales last month, Toyota registered softness.
According to the recent data by Reuters, 57% of the 23 analysts covering Fiat Chrysler Automobiles (FCAU) stock have given it “buy” recommendations.
As German car makers are boosting electric vehicle production, they’re falling behind on the development and production of one of the most important components: batteries
According to data compiled by MarkLines, Toyota (TM), the largest Japanese automaker, reported a YoY (year-over-year) increase of 17% in its China sales to ~127,400 vehicle units. In June, the company’s Chinese market sales increased 10.2% YoY to 117,800 units.
In this series so far, we have looked at July 2018 US vehicle sales of key auto giants including Fiat Chrysler (FCAU), Honda (HMC), and Toyota (TM). While Italian-American automaker Fiat Chrysler reported a YoY (year-over-year) rise in its US sales last month, Japanese auto giants Toyota and Honda saw weakness. Now, let’s move on by looking at July US sales figures for European auto giant Volkswagen (VLKAY).
Toyota (TM) and Nissan (NSANY) announce plan to raise manufacturing capacity in China. Ford (F) and Volkswagen (VLKAY) face recalls.
FRANKFURT, Germany (AP) — Volkswagen says it's launching an all-electric car sharing service in Berlin using its battery powered Golf and Up! models as it seeks to build a business serving people in big cities who don't own cars.
Volkswagen AG mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions as part of a 3.5 billion-euro ($4 billion) push into next-generation automobiles. The plan will kick off in Berlin, where the manufacturer will put 2,000 all-electric vehicles on the road by the second quarter of 2019 under the We Share label, competing with the DriveNow and Car2Go offerings of Daimler AG and BMW AG.
Volkswagen AG (VLKAY) to recall around 700,000 Tiguan and Touran cars across the globe, per German trade magazine Kfz-Betrieb.
City dwellers may be coughing and wheezing more, too. Diesel vehicles, which still command nearly half the market for new cars, are left with barely any pollution controls when temperatures soar above 35 degrees Celsius (95 Fahrenheit), according to France’s Petroleum and New Energies Research Institute. “There are higher emissions of nitrogen oxides because the setups don’t work as well when it’s very hot,” said Gaetan Monnier, who heads the unit that led random government probes of cars after the VW scandal.
In the previous part of this series, we looked at some key factors that drove Ferrari’s (RACE) second-quarter shipments in Europe, including Germany, France, and Italy, its home country. In the EMEA (Europe, the Middle East, and Africa) segment, the United Kingdom is Ferrari’s largest single market. Let’s see how the company performed there in the second quarter before we look at its Asia-Pacific performance.
Turns out Volkswagen AG Chief Executive Officer Herbert Diess had a point when he touted Ducati as probably the most valuable motorcycle brand in the world. The Italian maker of luxury two wheelers, which the CEO has said may be sold, trumped all others except cash cow Porsche in terms of first-half profitability, according to figures published Friday by VW’s Audi. Operating return on sales surged to 9.5 percent from 8.2 percent, even as deliveries declined.
Volkswagen AG Chief Executive Officer Herbert Diess talks about the future of the Ducati brand within the Volkswagen Group. He speaks to Bloomberg's Matt Miller in Wolfsburg, Germany. (Source: Bloomberg)...
Volkswagen has one of the lowest price/earnings ratios among large global companies, but that didn’t prevent its shares from falling today after the auto maker talked about a “challenging” second half of 2018 due to the cost of implementing new emissions standards and other factors, including potentially higher tariffs. VW’s liquid preference shares (ticker:ticker::VOW3.Germany) declined 5.62 euros ($6.55) to €146.60 Tuesday, a 3.7% drop, and its U.S.-listed shares (VLKAY) fell $1.16, or 3.4%, to $33.40, leaving the stock considerably below its 52-week high of $46.53 set in January. The stock trades for less than six times projected 2018 earnings of nearly 26 euros.
Ford Credit Company is the financial services subsidiary of Ford Motor Company (F). Ford Credit offers a wide variety of automotive financing services to its dealers and customers. These services include providing financing options to auto buyers to purchase Ford’s new or used vehicles and lease contracts.
FRANKFURT, Germany (AP) — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that "growing protectionism" is a threat to the globally connected car industry.