Volkswagen AG (VLKPF)
| Previous close | 0.00 |
| Open | 105.50 |
| Bid | 102.00 x 45100 |
| Ask | 103.00 x 41800 |
| Day's range | 105.50 - 105.50 |
| 52-week range | 97.31 - 139.86 |
| Volume | |
| Avg. volume | 1,093 |
| Market cap | 52.896B |
| Beta (5Y monthly) | 1.23 |
| PE ratio (TTM) | 3.08 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 9.88 (9.71%) |
| Ex-dividend date | 30 May 2024 |
| 1y target est | N/A |
- Associated Press Finance
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise won't meet the cost-cutting goals it needs to remain competitive. CEO Oliver Blume also told employees Wednesday that the company must end a three-decade-old job protection pledge that would have prohibited layoffs through 2029. Here are some things to know about the difficulties at one of the world’s best-known auto brands: What is Volkswagen proposing and why?
- Reuters
Analysis-China, price cuts and costs: the fuel driving Volkswagen's crisis
In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China. While many of Volkswagen's challenges - from a weakening Chinese market to a slower than expected switch to electric vehicles, have plagued it for a while, two recent developments have made things worse for the German group, according to interviews with seven company sources, investors and analysts. First, concerns have grown that Asian rivals, including BYD, Chery and Leapmotor, could speed up plans to build production capacity in Europe if Brussels goes ahead with planned hefty import tariffs on China-made EVs.
- Reuters
Analysis-VW factory threat stress-tests Germany's economic model
Having lost cheap energy from Russia and facing uncertainty over its once-lucrative trade ties with China, big German business is now facing a crunch point over a third ingredient in its long-time formula for success - consensual industrial relations. Together, Germany's industry leaders, trade unions and politicians for decades sought and found agreement over production and labour decisions that in turn provided the underpinning for the country's post-war economic development. Volkswagen's taboo-breaking threat to shutter German factories for the first time ever is a direct test of whether that consensus model can survive and still deliver in a global environment some see as existentially challenging.
