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Fri, 27.09.2024
In light of a challenging market environment and developments that have fallen short of original expectations, particularly at the brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Tech. Components, Volkswagen AG is updating its forecast for the 2024 financial year as follows:
The company now expects deliveries to customers to b...
The Supervisory Board of AUDI AG resolves to support an information and consultation process at the Brussels site. In this process, the Board of Management of Audi Brussels S.A./N.V. will work together with the responsible social partners to develop solutions for restructuring the site. At the end of this process, the plant may among other things b...
Volkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture with Rivian Automotive, Inc., in the area of E/E architecture. Total investments from Volkswagen in Rivian Automotive, Inc., and the joint venture could grow to up to 5 billion USD until 2026.
The Manag...
Based on preliminary figures, the Volkswagen Group recorded the following development of key financial indicators in Q3 2023 and the first nine months 2023:
Group sales revenue improved by 12 percent to around EUR 78.8 billion in Q3 2023. Operating result came in at around EUR 4.9 billion. The operating return on sales was around 6.2 percent. The...
Preliminary results fiscal year 2022
Based on preliminary figures, Volkswagen AG generated net cash flow of around €5 billion in fiscal 2022, falling short of its self-imposed target of achieving net cash flow at the level of the previous year (2021: €8.6 billion). The deviation is mainly due to the unstable supply situation throughout 2022 and di...
Preliminary results fiscal year 2022
Based on preliminary figures, Volkswagen AG generated net cash flow of around €5 billion in fiscal 2022, falling short of its self-imposed target of achieving net cash flow at the level of the previous year (2021: €8.6 billion). The deviation is mainly due to the unstable supply situation throughout 2022 and di...
Executive Board and Supervisory Board determine placement price of the preferred shares for IPO of Dr. Ing. h.c. F. Porsche AG
Volkswagen AG had announced on 5 September 2022 that the Executive Board, with the approval of the Supervisory Board, had decided to launch an IPO of the preferred shares in Dr. Ing. h.c. F. Porsche AG – it is subject t...
Executive Board and Supervisory Board determine placement price of the preferred shares for IPO of Dr. Ing. h.c. F. Porsche AG
Volkswagen AG had announced on 5 September 2022 that the Executive Board, with the approval of the Supervisory Board, had decided to launch an IPO of the preferred shares in Dr. Ing. h.c. F. Porsche AG – it is subject t...
Executive Board and Supervisory Board determine price range and offer structure for IPO of Dr. Ing. h.c. F. Porsche AG; Volkswagen AG enters into Share Purchase Agreement with Porsche Automobil Holding SE
Volkswagen AG had announced on 5 September 2022 that the Executive Board, with the approval of the Supervisory Board, had decided to launch an I...
Executive Board and Supervisory Board determine price range and offer structure for IPO of Dr. Ing. h.c. F. Porsche AG; Volkswagen AG enters into Share Purchase Agreement with Porsche Automobil Holding SE
Volkswagen AG had announced on 5 September 2022 that the Executive Board, with the approval of the Supervisory Board, had decided to launch an I...
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