• VOWG

Lamborghini delays first electric car launch till 2029

Lamborghini plans to launch its first electric vehicle in 2029, prioritizing market maturity over early entry, revising from a previous 2028 timeline.

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• VOWG
• VOWG_p

Porsche shares slip as 2024 guidance withdrawn amid expected impairment losses

Porsche withdraws 2024 profit guidance due to expected impairments in Volkswagen AG and Porsche AG investments, now anticipating a negative group result after tax.

• VOWG
• VOWG_p
• VWAGY

Porsche withdraws guidance as it expects up to €20B impairment charge

Porsche Automobil Holding SE withdraws its 2024 earnings forecast due to expected non-cash impairment losses on investments in Volkswagen and Porsche AG, estimating losses between €8 billion and €22 billion.

• VOWG

Volkswagen CEO commits to cost cuts amid China challenges

Volkswagen's CEO Oliver Blume reaffirms cost reduction and a new strategy focusing on local technologies in China amid challenges from local competitors and declining demand.

• VOWG

Volkswagen CEO, labor at odds over cuts at staff meeting

Volkswagen's CEO and labor boss clash over necessary cutbacks and potential strikes, amid pressing negotiations and high labor costs impacting competitiveness against rising Chinese market competitors.

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• F
• MICP
• SHA_p
• STLAM
• VOWG

Factbox-Europe's embattled auto sector plans plant closures and layoffs

• VOWG

Volkswagen faces potential strikes as labor tensions escalates

• VOWG
• VWAGY

Volkswagen India hit with $1.4 billion tax evasion notice - Reuters

• BTC/USD
• IXIC
• RIVN
• SPOT
• SWKS
• US500
• VOWG

Stock Market Today: S&P 500 ekes gain as yields rebound to cool recent rally

The S&P500 gained slightly as inflation data aligns with expectations, prompting bets on a December rate cut, while various companies like Rivian and Spotify saw stock fluctuations.

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• VOWG
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Rivian surges over 8% as Volkswagen increases JV investment

Rivian's stock rose 8.4% after Volkswagen increased its investment to $5.8 billion for a joint venture, aiding Rivian's future EV launches amidst market challenges.