Volkswagen AG

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...

In response to the abrupt termination of a state-backed electric vehicle (EV) subsidy program, German automaker Volkswagen AG (OTC:VWAGY) has committed to providing the subsidy for customers in Germany who have ordered from its all-electric ID. series. As reported by Reuters, Volkswagen revealed on...

In a recent development, over 1,000 workers at the Volkswagen (OTC:VWAGY) factory in Chattanooga, Tennessee, have signed union authorization cards, as announced by the United Auto Workers (UAW) union. What Happened: On Thursday, Dec. 7, 2023, as per a Reuters report, the UAW announced that more...

In an effort to regain market dominance in China, Volkswagen (OTC:VWAGY) has announced plans to create a platform specifically for entry-level electric vehicles within the region. What Happened: As reported by Reuters, Ralf Brandstaetter, Volkswagen’s China chief, announced the new...

In the world of electric vehicles (EVs), a reasonably priced option may soon be on its way. Volkswagen’s (OTC:VWAGY) CEO, Oliver Blume, has expressed optimism for a 20,000 Euro ($21,714) EV by the second half of the decade, despite plans for such a vehicle not yet being finalized. What...

German automaker, Volkswagen AG (OTC:VWAGY), has significantly reduced the prices of its ID.4 electric SUV in China, now starting at $20,000, according to a recent report by Electrek. The price cut was announced by FAW-VW, Volkswagen’s joint venture in China. The...

Traton SE has paid $3.7 billion to acquire the US truck company Navistar International Corp. (NYSE: NAV). What Happened: Traton SE, Volkswagen AG's (OTC: VLKAF) truck division, will acquire $3.7 billion worth of outstanding shares of Navistar International Corp. stock,...

QUALCOMM, Inc. (NASDAQ: QCOM) is the latest U.S. firm whose Chinese operations are under fire from Chinese regulators claiming the company is violating anti-trust laws. After a 14-month dispute over the company’s business practices, Qualcomm has agreed to pay $975 million in fines to the...