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Volkswagen AG (German: [ˈfɔlksˌvaːɡn̩] ⓘ), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery.
If the planned merger fails, there is the possibility that Volkswagen will increase its 49.9% stake in Porsche or switch to a put/call structure whereby Porsche sells its car-making assets to ...
In September, Volkswagen CEO Matthias Müller stated that the company aimed to have electric versions of all of its vehicle models by 2030, at a cost of 20 billion euro, and 50 billion euro on acquisition of batteries. [60] On 6 March 2017 at the Geneva Motor Show Volkswagen presented its prototype for a fully autonomous car, Sedric. [61]
Volkswagen's (VWAGY) trucks arm TRATON's merger with Navistar enables the former to secure a strong foothold in the U.S. heavy-truck market and positions it better than European peers.
Internationally, perhaps the best-known case was that of Porsche and the Volkswagen Group, in which Porsche, under the leadership of Wendelin Wiedeking, led a hostile takeover of the much-larger Volkswagen Group by slowly acquiring a large stake in Volkswagen, eventually to the point of owning over 75% of the company in 2008 and potentially triggering Germany's "Volkswagen law". [8]
VW’s automotive cash flow forecast was cut back in July as well to 2.5 billion euros ($2.7 billion) to 4.5 billion euros ($4.86 billion), citing investments and mergers and acquisitions activity ...
The Volkswagen Act is a set of German (originally West German) federal laws enacted in 1960, regulating the privatization of Volkswagenwerk GmbH into the Volkswagen Group. [1] In order to maintain government control in the privately owned company, it stipulated that the votes in major shareholder meeting resolutions require 4/5th (80% ...
Volkswagen's listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings as a means of unlocking value in the group that ...