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Volkswagen AG (VLKPF)

101.00

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At close: January 31 at 3:00:00 PM EST

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows

NEW DELHI (Reuters) -Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation rules for car parts and will hamper the company's business plans, court papers show. Volkswagen's unit, Skoda Auto Volkswagen India, also told the High Court in Mumbai the tax dispute puts at risk its investments of $1.5 billion in India, and is detrimental to the foreign investment climate, according to the 105-page filing which is not public but was reviewed by Reuters. In the biggest ever import tax demand, India in September slapped a $1.4 billion tax notice on Volkswagen for using a strategy to break down imports of some VW, Skoda and Audi cars into many individual parts to pay a lower duty.

Reuters 3 hours ago

VWAPY
-0.39%
Tesla investors express skepticism as Elon Musk promises robotaxis in Austin in June

Elon Musk claimed this week that Tesla robotaxis will hit the roads this summer; however, skepticism from industry experts and analysts is high.

Yahoo Finance 2 days ago

GOOG

TSLA

VLKAF
+0.29%
2 Surprising Stock Rallies: Volkswagen and Germany

The big test for Volkswagen will come in 2026, when it tries to play catch-up in electric vehicles with four models. And Germany’s rally looks like it has legs.

Barrons.com 2 days ago

^GDAXI

VWAPY
-0.39%
Betting big on ID.7 pays off for Volkswagen

With more than 40,000 sales in its debut year, the ID.7 is off to a strong start, and newly boosted by the addition of an estate.

Just Auto 2 days ago

VWAPY
-0.39%
Global car industry in firing line of Trump's tariff threats vs Mexico, Canada

Around 90% of auto exports from both Mexico and Canada go to the U.S., according to the Mexican Automotive Manufacturers' Association (AMIA) and the Canadian Vehicle Manufacturers' Association. German automakers, of which Volkswagen would be most affected, have warned against the tariffs, saying they would cause inflation for consumers. Volkswagen's Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people.

Reuters 3 days ago

VWAPY
-0.39%
2 Dark Horse Catalysts for Rivian Stock in 2025

Investors merely glancing at Rivian (NASDAQ: RIVN) stock might avoid the company in 2025 simply because it doesn't appear to have many catalysts. One of Rivian's biggest wins in 2024 came when the company announced a joint venture between itself and Volkswagen Group (OTC: VWAGY). The latter agreed to invest up to $5.8 billion over the next three years in the joint venture, which will use Rivian's software to create advanced electrical infrastructure for each automaker's future vehicles.

Motley Fool 3 days ago

RIVN

VWAPY
-0.39%
AMZN
Volkswagen board members push for further cuts, Handelsblatt reports

Concerns are growing among Volkswagen's board members that sweeping cuts agreed with unions late last year will not be enough to turn around the struggling carmaker's core brand, the Handelsblatt business daily reported on Thursday. The expectation is that further cost-saving measures will be needed beyond the agreed job cuts, the report said, citing sources familiar with the matter. Handelsblatt also reported that the company would push back its profitability target, aiming for a 6.5% margin in three to four years, rather than by then end of next year.

Reuters 3 days ago

VWAPY
-0.39%
Trump’s tariff threats are working: Audi ponders a U.S. manufacturing site—and Porsche might join

The two Volkswagen Group brands have never built cars in the U.S., but a combination of lower taxes and higher tariffs might change their mind.

Fortune 3 days ago

VWAPY
-0.39%
Volkswagen considers US production sites for Audi, Porsche brands, Handelsblatt reports

German carmaker Volkswagen is considering setting up production sites in the United States for its high-end Audi and Porsche brands to avert fallout from tariffs threatened by President Donald Trump, Handelsblatt reported on Wednesday. The newspaper, citing several people familiar with the deliberations, said the two luxury brands were seen as particularly exposed to any new U.S. trade barriers because, unlike the core VW brand, they currently do not produce in the U.S. The company did not immediately respond to a request for comment.

Reuters 4 days ago

VWAPY
-0.39%
VW officially cancels ID7 EV for North America

The delayed VW ID7 electric sedan will no longer be offered in the U.S. or Canada.

Automotive News 4 days ago

VWAPY
-0.39%
Volkswagen considers partnerships with Chinese EV makers- report

Chinese carmakers may take over Volkswagen’s unused production lines.

Just Auto 5 days ago

VWAPY
-0.39%
VW prepared to hand its factories to Chinese electric carmakers

Volkswagen is prepared to let Chinese electric carmakers take over production lines in its struggling factories as Germany’s automotive industry is struck by a downturn.

The Telegraph 6 days ago

VWAPY
-0.39%
Volkswagen open to Chinese rivals taking over excess production lines in Europe

Volkswagen is open to allowing Chinese carmakers to take over its excess production lines in Europe, as it grapples with falling demand and rising...

PREMIUM
Financial Times 6 days ago

VWAPY
-0.39%
EV launch delays pile up ahead of Trump’s return to White House

2024 was not a kind year to EV future product timelines. Here's a collection of product- and production-related delays.

Automotive News 8 days ago

VWAPY
-0.39%
VW, Rivian JV could supply software tech to rivals

VW and potentially other traditional automakers are poised get quick and easy access to Rivian's technology and software they have struggled to build independently.

Automotive News 9 days ago

RIVN

VWAPY
-0.39%
Volkswagen targets higher EV sales to avoid hefty €1.5 billion EU emission fines

EU countries such as France and Italy have urged Brussels to ditch the penalties for embattled European carmakers, who have been plunged into crisis by a switch to EVs and increasing competition.

Fortune 9 days ago

VWAPY
-0.39%
Battery Maker LG Energy Slashes Spending on EV Demand Risks

(Bloomberg) -- Battery maker LG Energy Solution Ltd. said it will make major cuts to spending this year, though it expects a rebound in sales, as major uncertainties hang over the global electric vehicle sector.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingNYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineBudapest Mayor A

Bloomberg 9 days ago

GM

VWAPY
-0.39%
HMC
Volkswagen Sees €1.5 Billion Cost From EU Emissions Rules

(Bloomberg) -- Volkswagen AG estimated it will take a €1.5 billion ($1.6 billion) hit this year from stricter European Union standards for car emissions that the manufacturer will struggle to meet.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersDonations to LA Fire Victims Rise Past $200 Million MarkBillionaire Developer Caruso Slams LA Leadershi

Bloomberg 10 days ago

VWAPY
-0.39%
Volkswagen says 6% margin target for brand realistic in medium term, analyst says

Volkswagen could not immediately be reached for comment after business hours. Addressing a cost-cutting deal struck with unions last month that included a promise to shrink the workforce by 35,000 by 2030 without forced redundancies, executives told investors that they aimed for 24,000 of the jobs reduction to be achieved by natural attrition and early retirement, Bernstein said. Volkswagen said its order book in western Europe was slightly larger than before the pandemic at around 850,000 units, the Bernstein note said.

Reuters 10 days ago

VWAPY
-0.39%
VW warns of impact from proposed US tariffs on Mexican imports

Currently, the German auto giant operates a factory in Puebla, Mexico which reported production of nearly 350,000 cars in 2023.

Just Auto 11 days ago

VWAPY
-0.39%

Performance Overview

Return	VLKPF	DAX P
YTD	+9.26%	+9.16%
1-Year	-12.85%	+28.04%
3-Year	-29.96%	+41.86%

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Volkswagen AG (VLKPF)

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows

Tesla investors express skepticism as Elon Musk promises robotaxis in Austin in June

2 Surprising Stock Rallies: Volkswagen and Germany

Betting big on ID.7 pays off for Volkswagen

Global car industry in firing line of Trump's tariff threats vs Mexico, Canada

2 Dark Horse Catalysts for Rivian Stock in 2025

Volkswagen board members push for further cuts, Handelsblatt reports

Trump’s tariff threats are working: Audi ponders a U.S. manufacturing site—and Porsche might join

Volkswagen considers US production sites for Audi, Porsche brands, Handelsblatt reports

VW officially cancels ID7 EV for North America

Volkswagen considers partnerships with Chinese EV makers- report

VW prepared to hand its factories to Chinese electric carmakers

Volkswagen open to Chinese rivals taking over excess production lines in Europe

EV launch delays pile up ahead of Trump’s return to White House

VW, Rivian JV could supply software tech to rivals

Volkswagen targets higher EV sales to avoid hefty €1.5 billion EU emission fines

Battery Maker LG Energy Slashes Spending on EV Demand Risks

Volkswagen Sees €1.5 Billion Cost From EU Emissions Rules

Volkswagen says 6% margin target for brand realistic in medium term, analyst says

VW warns of impact from proposed US tariffs on Mexican imports

Performance Overview