The Latest Breaking News from VWAGY

Volkswagen Group (OTC: VWAGY) told Benzinga on Thursday it would suspend production at its factory in Anting, Shanghai, between April 1-5 due to new COVID-19 related curbs aimed at halting a resurgence in cas

Volkswagen AG (OTC:VWAGY) is expected to recall more than 100,000 plug-in hybrid vehicles globally on fire risk, Reuters reported. Some 42,300 owners of Volkswagen Passats, Golfs, Tiguans, and Arteons worldwide will be notified, the report cited the company’s spokesperson. The report noted a risk of fire in vehicles that connect a conventional combustion…

The automotive industry accounts for about 4% of global GDP. The industry is also going through a period of disruption due to EVs and autonomous driving which will create its own set of winners and losers. That’s why investors should consider top auto stocks such as Honda Motor Company (HMC),…

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess said on Wednesday self-driving technology will be a big game-changer in the coming years and that the German automaker is working on a $22,000 electric car as it speeds up efforts to overtake current market leader Tesla Inc

Japanese automaker Toyota (TM) displaced General Motors (GM) last year as the highest-selling automobile manufacturer in the United States amid strong demand for EVs and hybrids. The rising acceptance of international car brands in the U.S. has caused domestic automobile manufacturers to lose market share. Given this backdrop, we believe…

An increase in new car sales with the easing of supply chain bottlenecks should help the auto industry rebound this year. While Ford (F) is a renowned player in the auto industry, we think its weakening financials make its shares best avoided for now. Conversely, auto manufacturers Volkswagen (VWAGY), Honda…