Volkswagen AG (VOW3.DE)
- Bloomberg
Volkswagen Said to Eye Traton Stock Sale After Price Surge
(Bloomberg) -- Volkswagen AG is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE, people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsTesla Rehires Some Supercharger Work
- Yahoo Finance Video
Mercedes-Benz workers in Alabama begin UAW vote
The United Auto Workers (UAW) is seeking to expand its membership base, with a new vote taking place today among the autoworkers at a Mercedes-Benz (MBG.DE) plant in Alabama. Approximately 5,000 workers will cast their ballots to determine whether they wish to unionize with the UAW. They will follow in the footsteps of the Volkswagen (VOW3.DE) plant in Tennessee, where workers recently voted in favor of unionization. Yahoo Finance's Pras Subramanian breaks down the details, providing insights into Southern autoworkers' trend toward unionization. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Angel Smith
- Reuters
UPDATE 1-Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports
Volkswagen is exploring the sale of as much as 1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE, Bloomberg News reported on Monday, citing people familiar with the matter. The potential 1 billion euros share sale represents a near 6% stake in Traton, according to market cap data from LSEG. Volkswagen declined to comment.
