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The Latest Breaking News from VWAGY

2 Stocks That Have the Power to Outrun Tesla

The automotive industry is expected to sustain its growth in the foreseeable future, driven by high demand and supportive federal initiatives. Despite being a dominant player in the auto industry, Tesla (TSLA) may not be a good choice now due to its high valuation and near-term uncertainties. Instead, we think…

StockNews.com

3 Auto Stocks Still Traveling in the Fast Lane to Buy

Although supply chain disruptions and interest rate hikes have had an impact on the auto manufacturing industry, a long-term shift toward electric vehicles (EVs) should support the industry’s growth. Therefore, fundamentally sound automotive stocks Volkswagen AG (VWAGY), Honda Motor (HMC), and Subaru Corporation (FUJHY) could be solid additions to your…

StockNews.com

The Best-in-Class Auto Stock to Buy Right Now and 2 to Avoid

Lingering shortage of semiconductors and supply chain issues have hindered automobile production. However, lucrative Federal initiatives should boost the industry’s growth. While we think investors should consider buying quality auto stock Volkswagen (VWAGY), fundamentally weak stocks Faraday Future Intelligent Electric (FFIE) and Mullen Automotive (MULN) might be best avoided now.…

StockNews.com

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3 Auto Stocks to Buy Before Ford

Ford (F) is a significant player in the auto industry, but the stock has been slumping in price lately. However, given the solid long-term growth prospects of the industry, investors looking to invest in auto stocks could consider buying Volkswagen (VWAGY), Honda Motor (HMC), and Isuzu Motor (ISUZY) before F.…

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1 EV Stock to Buy That Is Not Tesla

The electric vehicle (EV) industry is expected to grow exponentially in the coming years, thanks to growing demand and favorable government initiatives. While both the EV giants Volkswagen (VWAGY) and Tesla (TSLA) are expected to benefit from the industry’s growth, VWAGY seems better positioned to capitalize on the industry tailwinds…

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Hiding in Plain Sight: 2 EV Winners to Buy Instead of Tesla

Robust advancements and strong government support should help the EV industry witness massive growth. Given the headwinds recently faced by EV giant Tesla (TSLA), the stock looks overvalued at the current price level. Therefore, other popular players in this space, Volkswagen (VWAGY) and Ford Motor (F) could be better investments…

StockNews.com

Better EV Stock to Buy Right Now: VWAGY or LCID?

Despite lingering macro headwinds, EV demand remained robust. The sound prospects of the EV industry should bode well for both Volkswagen (VWAGY) and Lucid Group (LCID). But which of them is a Buy right now? Let’s find out….

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1 Auto Stock to Sell and 2 to Buy

Lingering supply chain issues have been hampering the optimal productivity of the auto industry. However, the industry is advancing rapidly with substantial investments in smart technologies. While it could be wise to avoid fundamentally weak auto stock Mullen Automotive (MULN), investors could consider buying quality stocks Volkswagen (VWAGY) and Honda…

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Top Financial Stories Friday, September 2: GM's Cruise Recalls Some Robotaxis Over Software Glitch, Chinese Tech Giant Suffers $43M Impairment Loss On Bitcoin and Ethereum Holdings And More..

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Benzinga

Volkswagen CFO Reasons Why It Seeks To Pursue Porsche IPO Amid Market Volatility

Volkswagen AG (OTC:VWAGY) continues to strive for an initial public offering (IPO) for Porsche in the fourth quarter amid market volatility, Reuters reports. "We are optimistic we can pursue this project in the fourth quarter," CFO Arno Antlitz said at the Reuters Automotive Europe conference in Munich. "Porsche would gain entrepreneurial freedom, we can…

Benzinga

Volkswagen, Siemens, Others Invest Over $700M For Hassle-Free, Cheaper EV Charging

The White House disclosed that companies are looking to invest over $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, Reuters reports. The move could add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen AG (OTC:VWAGY) unit Electrify America and over…

Benzinga

Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

Benzinga

Volkswagen Unveils 1st Electric Mid-Size Sedan To Take On Tesla In China, Europe Next Year

Volkswagen Group (OTC: VWAGY) on Monday unveiled the first electric mid-size sedan it plans to start selling in China and Europe in the second half of next year.

Benzinga

Buy-Rated Volkswagen Good for The Long Term

One of the world’s largest automobile companies Volkswagen AG (VWAGY), has ambitious plans to be a major electric vehicle (EV) manufacturer and is investing significantly in expanding and improving its EV capabilities. Given its robust financials, discounted valuation, and higher-than-industry profitability, it could be wise to invest in the stock…

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Benzinga

Volkswagen Says US Could Face Many Challenges To Ramp Up EV Battery Output

Volkswagen Group’s (OTC: VWAGY) U.S.

Benzinga

Nio Said To Get Sued By Audi: Here's What It's All About

Volkswagen Group's (OTC: VWAGY) Audi has sued Nio Inc (NYSE: NIO) alleging the Chinese EV maker’s ES6 and

StockNews.com

Scoop Up These 5 Dividend Stocks on Sale

The stock market is exhibiting dizzying volatility this year amid sky-high inflation and the Federal Reserve’s monetary policy tightening. So, amid the market uncertainties, we think it could be wise to scoop up quality dividend stocks from Telefonaktiebolaget LM Ericsson (ERIC), Signet Jewelers (SIG), Volkswagen (VWAGY), Stellantis (STLA), and Covestro…

Benzinga

Lamborghini Sees E-Fuel Super Cars In Its Range Beyond 2030: Reuters

Italian luxury sports car manufacturer Lamborghini, part of Volkswagen AG (OTC:VWAGY), is preparing to have at least two supercars powered by e-fuels in its range beyond 2030, Reuters reported. In a newspaper interview, Chief Executive Officer Stephan Winkelmann said the company plans to convert its entire fleet to a hybrid between 2023 and…

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Benzinga

Who Can Beat Tesla On EV Sales? This Company CEO Believes So

Volkswagen AG (OTC:VWAGY) CEO Herbert Diess said Volkswagen can overtake Tesla, Inc. (NASDAQ:TSLA) as the world’s largest seller of electric vehicles by 2025, CNBC reported. Stabilizing supply chain woes would help the German carmaker to increase production in the coming months, the CEO said. He expects some relief from the semiconductor supply market to…

Benzinga

'Tight Race But Won't Give Up:' Volkswagen CEO Praises Tesla Again, Says Elon Musk's Pace Surprised Him

Volkswagen Group (OTC; VWAGY) CEO Herbert Diess has reportedly praised rival Tesla Inc (NASDAQ: TSLA) yet again, saying the Elon Musk-led company's speed of expansion took him by surprise.

Benzinga

Volkswagen Aims To Install 8,000 EV Fast-Charging Spots In Europe By 2024

Volkswagen Group (OTC: VWAGY) said on Thursday it plans to install up to 8,000 fast charging points for electric vehicles across Europe in partnership with the U.K.-based oil major BP Plc (OTC: BPAQF).

Benzinga

Volkswagen Plans To Expand Chattanooga Plant In US To Focus On EVs: Reuters

Volkswagen AG (OTC:VWAGY) plans to expand its Chattanooga plant in the U.S. to produce an electric pick-up and the new ID.Buzz microbus, Reuters reported. The move is expected to grow the company’s market share in North America. The carmaker plans to invest at least $7.1 billion over the next five years in…

Benzinga

Auto Bromance: Elon Musk Says Volkswagen 'Lucky' To Have CEO Diess, Credits Him For EV Push

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Thursday praised Volkswagen Group (OTC: VWAGY) CEO Herbert Diess for his electrification push at t

Benzinga

Volkswagen To Scrap Dozens Of Models To Focus On Premium Market: FT

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Benzinga

Porsche Q1 US Deliveries Slump 24.9% Hit By Supply, Transit Issues

Volkswagen AG (OTC:VWAGY) owned luxury carmaker Porsche Cars North America Inc (PCNA) reported a 24.9% decline in Q1 FY22 U.S. retail deliveries. A mix of factors, including supply-chain shortages, war, and the sinking of a cargo ship carrying millions of dollars worth of product across the Atlantic, has caused the slump, reported Bloomberg. The company delivered 13,042…

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