Volkswagen AG
EU countries divided on Chinese EV tariffs in vote, Reuters reports
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote, sources with knowledge of the vote said on Tuesday. The European Commission, which oversees […]
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Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. […]
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Audi strikes multiyear partnership with MLS’ Inter Miami CF
Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team’s official automotive partner. Courtesy: Audi Audi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF. The Volkswagen-owned company announced Thursday it has struck a multiyear partnership with the South Florida soccer club as Audi […]
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Volkswagen shares slip as it considers Brussels plant closure on weak EV demand
A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. David Dee Delgado | Reuters Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels. The […]
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Rivian investor day focuses on cost reductions, efficiencies and next-generation EVs
A Thursday investor event for Rivian Automotive that focused on cost-cutting efforts, efficiency gains and in-house technologies and software wasn’t enough to build on the company’s significant share growth this week. Shares of the all-electric vehicle startup fell by about 2% to 6% for much of the event, eating into some of its 23% gain […]
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CNBC Each day Open: Micron slides, Amazon’s $2 trillion
A trader operates on the floor of the New York Stock Exchange (NYSE) in the course of early morning buying and selling on March 4, 2024 in New York Town. Angela Weiss | Afp | Getty Illustrations or photos This report is from present day CNBC Daily Open, our worldwide marketplaces e-newsletter. CNBC Everyday Open […]
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Rivian financial investment a ‘catch-up move’ for Volkswagen that could acquire decades to shell out off, GlobalData’s Mewawalla suggests
Rivian electrical autos sit in a good deal at a Rivian facility in February 22, 2024 in Chicago, Illinois. Scott Olson | Getty Illustrations or photos News | Getty Illustrations or photos Volkswagen’s $5 billion financial commitment in electrical auto startup Rivian is a “capture-up shift” for the German automaker, but could take several years […]
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Rivian shares soar 30% right after Volkswagen can take $1 billion stake
Workers assemble 2nd-generation R1 motor vehicles at electric powered automobile maker Rivian’s production facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen programs to spend up to $5 billion in electric powered automobile startup Rivian, setting up with an first investment of $1 billion. The added $4 billion is anticipated […]
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VW updates 2025 Jetta to boost sales of the brand’s entry-level car
Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter, the company said. That model will replace the current lower-priced model […]
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