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Volkswagen ( OTCPK:VWAGY ) is reportedly eyeing an IPO for its new PowerCo battery unit in addition to a spinout of its famed Porsche division. The battery unit plans to start the IPO process in 2023. The division is currently busy hammering out its supply chain and ramping up p...
German auto giant Volkswagen ( OTCPK:VWAGY ) saw sales slide to start the summer, according to a new sales update. Per a data table posted on Friday, the auto manufacturer delivered 802K autos worldwide for the month, down significantly from the 856.3K in 2021. Sales in ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Things are only getting worse for Nio (NYSE: NIO ) stock. In addition to the many other woes impacting the Shanghai-based company, such as Covid-19 lockdowns that have hurt its production and deliveries, a vehicle cra...
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The following slide deck was published by Volkswagen AG in conjunction with this event. For further details see: Volkswagen (VWAGY) presents at Unicredit Automotive Credit Conference - Slideshow
Volkswagen managed to weather a challenging macro environment well in 1Q22 as it used pricing and mix to tackle lower volumes. Management strikes a positive tone on easing of semiconductor shortage in the second half of 2022, continuing on its path to overtake Tesla. The company's...
CF Industries' EBITDA was $1,846 million in the first quarter of 2022, up 316% year-over-year. The dividend yield of ICL Group is 5.54%, which is significantly higher than for the sector. The EV industry is significantly increasing the demand for LFP batteries, which are produced ...
On Book Value / Share ($20.31) & Cash / Share ($17.66) alone, Stellantis’ current price ($11.71) suggests taking serious consideration. The firm has a very strong base financial health, its obligations structure is in good standing, and has a significantly brighter outlook ...
Toyota started selling its first volume-produced electric vehicle in May. It is also manufactured with a Subaru label with only minimal modifications. This particular model, the bZ4X SUV, will naturally be followed by a long list of other Toyota electric vehicles over the next few sho...
Volkswagen ( OTCPK:VWAGY ) is said to be considering launching an initial public offering for its Porsche ( OTCPK:POAHY ) sports car business as soon as September. The German car maker is aiming to list Porsche in October at the earliest, according to a Bloomberg report. P...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...