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Volkswagen AG briefly became the world's most valuable company, as the stock price rose to over €1,000 per share as short sellers tried to cover their positions. [122] The substantial investment in Volkswagen left Porsche with huge financial burden with its debts accumulating up to 13 billion euros by 2009. [123]
Volkswagen Group reported mixed results and a downbeat forecast, reflecting some of the deeper challenges facing large multinational automakers as they come to grips with cost cutting and an ...
Ford, GM, Stellantis, and Volkswagen Group all plan to lay off workers in the coming months. This is due to unprofitable EV investments, Chinese market losses, and more domestic competition.
Volkswagen announces plans to refit up to 11 million vehicles affected by the emissions violations scandal: 2 October 2015: Volkswagen sets up an online based service on which customers can check if their car is affected based on the vehicle identification number: 8 October 2015: Volkswagen US CEO Michael Horn testifies before US Congress: 3 ...
The writing was on the wall regarding GM’s woes in China, but now investors have some visibility into how dire the situation actually is.The news arrived as automakers like Ford and Volkswagen ...
Volkswagen is the founding and namesake member of the Volkswagen Group, a large international corporation in charge of multiple car and truck brands, including Audi, SEAT, Porsche, Lamborghini, Bentley, Bugatti, Scania, MAN, and Škoda. Volkswagen Group's global headquarters are located in Volkswagen's historic home of Wolfsburg, Germany. [84] [85]
VWoA is responsible for six marques: Audi, Bentley, Lamborghini, and Volkswagen, and in addition is the exclusive importer and distributor of Bugatti and Rimac cars in the U.S. [3] [4] It also controls VW Credit, Inc. (operating as Volkswagen Financial Services), [5] Volkswagen's financial services and credit operations. [6]
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