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Tesla demonstrated its production and pricing leadership amid the current crisis exacerbated by the Russia-Ukraine conflict. Supply chain checks suggest that Tesla's CQ1'22 deliveries are trending ahead of Street estimates. Nevertheless, we think the optimism in TSLA stock has bee...
New commercial vehicle registrations in the European Union fell 15.7% to 131,874 units in February, followed by 11.1% decline in January. Except for heavy commercial vehicles, all segments recorded declines. Spain -23.3%, France -21.4%, Germany -8.1% and Italy -4.8%. On YTD bas...
To compensate for the volume losses due to the Russian invasion of Ukraine, Volkswagen has relocated its wire harnesses production units to Romania, Hungary, Tunisia, Morocco, Mexico, and China. After 2025, Volkswagen will produce the Trinity model using the green steel from Salzgitte...
Volkswagen (OTCPK:VLKAF) announced a commitment of $7.1B over the next five years in the North American region to boost its product portfolio, regional R&D and manufacturing capabilities. The German automaker plans to locally integrate its combustion-engine and electric vehicle asse...
Volkswagen (OTCPK:VLKAF) has issued a recall of over 246K SUVs in the U.S. and Canada due to faulty wiring harnesses that can make them brake unexpectedly. The recall covers certain Atlas SUVs from the 2019 through 2023 model years, as well as the 2020 through 2023 Atlas Cross Sport. Accordin...
Due to supply-chain issues increased by the war in Ukraine, new passenger car registrations in the EU fell by 6.7% to 719,465 units in February 2022, followed by 6% decline in January. The four major EU markets reported mixed results: Italy -22.6%, France -13.0% while...
Volkswagen AG (VWAGY) Q4 2021 Results Conference Call March 15, 2022 08:00 AM ET Company Participants Rolf Woller - IR Herbert Diess - CEO Arno Antlitz - CFO Conference Call Participants Horst Schneider - Bank of America Tim Rokossa - Deutsche Bank Patrick Hummel - UBS Jose Asumendi - JPMorga...
This CEF offers a forward distribution yield (ttm) of approximately 90% as of 11.03.2022, which seems in our view too good to remain true. The European Union has an ambitious plan to steer away from Russian energy imports by 2027, but German individuals, businesses, and international ...
Toyota (NYSE:TM) and Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) have suspended some of their China operations amid government efforts to combat the largest COVID-19 outbreak in the country in two years. Several Chinese cities and provinces, including Shenzhen, have placed more severe restric...
Volkswagen press release (OTCPK:VWAGY): FY Earnings of €15.43B. Revenue of €250.2B (+12.3% Y/Y). 2022 Outlook: Deliveries expected to increase between 5 and 10%, operating return on sales to reach between 7.0 and 8.5%. However, this guidance is subject to the furt...
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