Virtually every automaker has a new electric car coming out this year, and most of them check many of the same boxes. They’re midsize SUVs with prices in the mid-$40,000 Read more
Tag: Volkswagen
Volkswagen backs outlook as profit and revenue rise, recovery in China continues to accelerate
Volkswagen AG on Friday backed the outlook for its full-year margin after operating profit and revenue rose in the third quarter. The German auto maker VOW3, -0.26% VOW, +0.88% said Read more
Volkswagen seeks up to $71.5 billion valuation in Porsche IPO
A previous version of this article misstated the date of the Porsche IPO. The article has been corrected. A Porsche 911 Carrera 4 GTS Cabriolet sports car is seen in Read more
Volkswagen seeks up to $71.5 billion valuation in Porsche IPO
German auto maker Volkswagen AG is targeting a valuation of up to $71.5 billion (75 billion euros) for its initial public offering of Porsche, in what would be one of Read more
Porsche Could Be Worth as Much as All of Volkswagen in an IPO
An IPO of the Volkswagen-controlled Porsche brand could come in September. Porsche Porsche’s initial public offering is getting close. It’s going to be big. Friday, Bloomberg reported that Porsche has Read more
Volkswagen profit dips but confirms full-year forecasts
Volkswagen AG VOW, +1.25% said Thursday that earnings dropped in the second quarter, but backed its full-year targets. The German auto maker said after tax profit came in at 3.91 Read more
Volkswagen CEO Herbert Diess to depart; Porsche’s top executive will succeed him
Volkswagen AG said Chief Executive Officer Herbert Diess is stepping down from the top job and leaving the car maker’s management board effective Sept. 1, a surprise move amid the Read more