PowerCo

Volkswagen AG’s (OTC:VWAGY) PowerCo battery subsidiary is cutting production in what observers say is the latest sign that the 87-year-old car manufacturer is facing weak electric-vehicle sales. The decision comes just a few years after an emissions scandal cost the company billions of...

Volkswagen AG (OTC:VWAGY) has decided to postpone the sale of a stake in its battery unit and its initial public offering (IPO) due to a slowdown in the electric vehicle (EV) market. What Happened: The German automaker has put discussions with potential investors on hold and is no longer...

German automaker Volkswagen AG (OTC:VWAGY) reportedly intends to invest in mines to lower costs of battery production. What Happened: Volkswagen intends to invest in mines to lower the cost of battery cells, meet half of its own demand and also sell to third-party customers, according to the board...

German automaker Volkswagen AG's (OTC: VWAGY) PowerCo global battery manufacturing business, which it plans to plan to spin-off in an initial public offering in 2023, is facing the impact of supply chain challenges, Bloomberg reported. What Happened:  ...