OTC Markets OTCPK - Delayed Quote • USD Volkswagen AG (VWAPY) Follow Compare 9.00 -0.17 (-1.85%) At close: December 16 at 3:55:56 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Skoda starts production of the Skoda Kylaq in Pune Pune plant’s capacity increased by 30% to reach an annual output of 255,000 vehicles. Porsche SE to assume impairment of up to $21bn on Volkswagen investment Porsche SE holds a 31.9% equity share and 53.3% of the voting rights in Volkswagen. 2 High-Risk High-Reward EV Stocks to Buy in 2025 If you're an investor with a healthy appetite for risk, and are looking for potentially massive long-term investments, QuantumScape (NYSE: QS) and Rivian Automotive (NASDAQ: RIVN) should be two stocks on your radar. QuantumScape has been quietly developing promising solid-state lithium-metal batteries that would drastically improve the status quo with increased energy density, faster charging times, and improved safety. Don't take those words lightly: If its solid-state batteries make it to commercial production, they could revolutionize the battery industry. Hagerty: Gen X, older millennials are driving a shift from muscle cars to modern classics Classic car insurer Hagerty Inc. is out with its highly watched Bull Market List for 2025, outlining the enthusiast vehicles the insurer thinks are undervalued and could appreciate in the near to medium term. The verdict: Cars from the '80s, '90s, and early aughts are now coveted. Porsche SE To Take Up to $20.9 Billion Charge on Volkswagen Stake The holding company withdrew its profit forecast, citing write-downs tied to its investment in Volkswagen. Porsche withdraws guidance as it expects up to €20B impairment charge Investing.com -- Porsche Automobil Holding SE (ETR:PSHG_p) said on Friday that it was withdrawing its earnings forecast for the 2024 financial year, as it anticipated non-cash impairment losses on its investments in Volkswagen AG (OTC:VWAGY) and Porsche AG. As Volkswagen workers strike in Germany over pay cuts, carmaker offers Tennesse workers 14% wage hike Volkswagen is struggling to satisfy workers on both sides of the Atalntic Ocean amid need for aggressive cost cuts. Volkswagen, SAIC extend partnership to 2040 The joint venture will focus on product, production and decarbonization initiatives, including an accelerated electrification strategy. VW offers 14% wage hike over four years to Tennessee factory workers DETROIT/WASHINGTON (Reuters) -Volkswagen said Wednesday it is offering its newly unionized workers at its Tennessee assembly plant a 14% wage increase over four years and profit sharing. The automaker and United Auto Workers union, which won the right to represent workers at the Chattanooga, Tennessee facility in April, have been engaged in contract talks for several months. VW said the company's offer includes profit sharing for the first time and improves healthcare benefits for hourly workers at the plant. Volkswagen AG and IG Metall continue collective bargaining negotiations The two sides remain some way off an agreement. 50 best products of the year, by Which? Which? ranks the best in tech, household goods, and everyday essentials. Volkswagen and Labor Leaders to Meet Next Week as Latest Talks End Without Agreement Both sides said the latest round of negotiations had been constructive, but further talks would be needed to find a way forward. Why Rivian (RIVN) Stock Is Trading Up Today Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 15.2% in the morning session after Benchmark analyst Mickey Legg initiated coverage on the stock with a Buy rating and $18 price target. Legg believes Rivian can attract more customers, pointing to growing opportunities in the electric vehicle (EV) market. He said, "After a pause this year, domestic EV production is expected to improve in 2025 and further accelerate in 2026 to 2027 as average selling prices decline and the charg Rivian jumps 13% as Benchmark starts with ‘buy’ call Investing.com -- Rivian Automotive Inc (NASDAQ:RIVN) shares surged more than 13% after Benchmark initiated coverage with a “buy” rating, citing the electric vehicle maker’s strong industry partnerships, robust financial position as key drivers for future growth. Trending tickers: Tesla, Super Micro, Palantir, Oracle and Boohoo The latest investor updates on stocks that are trending on Monday. Lamborghini in 'best shape ever' despite hiccups in China and tariff threats, CEO says Lamborghini's performance in the US is fueling record results, CEO Stephan Winkelmann said from Art Basel Miami, where the Italian luxury brand debuted an art car. Volkswagen workers intensify strikes over plant closures and layoffs Labour union warned of extended strikes or open-ended walkouts if no deal is reached. Volkswagen’s PowerCo secures battery materials supply deal The five-year agreement with Australia-based Novonix, a manufacturer of synthetic graphite material, is slated to start in 2027. Brazil charges Volkswagen unit with treating farm workers like slaves decades ago Brazilian labor prosecutors charged Volkswagen's local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they said on Thursday. Volkswagen do Brasil said in a statement it had not been formally notified of the charges yet. Volkswagen committed human rights violations on the farm it owned from 1974 to 1986 in northern Brazil, the prosecutors alleged. VW workers step up strikes to fight German plant closures The IG Metall union said workers would down tools for four hours at nine different sites in so-called "warning" strikes across the country, twice as long as the first round of industrial action at the start of December. The walkouts are timed to coincide with the next round of talks between Volkswagen and labour representatives over cost-cutting measures that the company says are vital to stay competitive against rising costs and foreign rivals. Performance Overview Trailing total returns as of 12/16/2024, which may include dividends or other distributions. Benchmark is DAX P Return VWAPY DAX P YTD -20.84% +21.26% 1-Year -22.79% +21.27% 3-Year -26.47% +31.26%