Volkswagen AG ADROTCPK - Current
Yesterday, 8:03 AM
- Automobile sales in China rose 19.8% in November to 2.42M units, according to the Passenger Car Association.
- Demand in China has been impacted by a tax cut that is due to expire at the end of the year. The government hasn't announced yet if the tax break will be extended.
- Chinese automakers Geely Automobile, Guangzhou Auto and Great Wall Motors all saw huge market share gains during the month.
- Auto sales are up 15.7% YTD to 21.1M units to mark an annual record with another selling month still to go.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
Yesterday, 4:54 AM
- The EU will take action today against seven nations including Germany and Britain for failing to police car emissions rules after the Volkswagen (OTCPK:VLKAY) cheating scandal showed suspicious behavior in the industry.
- Officials say many nations wooed by the industry's importance - it employs some 12M people in the bloc - have shielded carmakers from the kind of sanctions some face in the U.S.
Wed, Dec. 7, 5:06 AM
- South Korea's Fair Trade Commission will seek criminal charges against five former and current Volkswagen (OTCPK:VLKAY) executives and fine the German carmaker's unit 37.3B won ($32M) for false advertising on vehicle emissions.
- The fine, a record for false advertising in the Asian country, reflects a toughening stance after the country suspended most VW sales in the country since August.
Tue, Dec. 6, 7:15 AM
- UBS predicts the era of diesel passengers cars is slowly coming to an end as manufacturers adopt a higher mix of hybrid and electric powertrains.
- The investment firm sees a drop of global diesel market share to 4% in 2025, from a current share of about 13.5%.
- The development is seen as positive for Ford (NYSE:F), General Motors (NYSE:GM), Tesla (NASDAQ:TSLA), Nissan (OTCPK:NSANY), Honda (NYSE:HMC), Toyota (NYSE:TM) and Hyundai (OTC:HYMLF). The slide in diesel market share will hurt Fiat Chrysler Automobiles (NYSE:FCAU), BMW (OTCPK:BMWYY), Peugeot (OTCPK:PEUGF, OTCPK:PUGOY), Renault (OTC:RNSDF) and Volkswagen (OTCPK:VLKAY), warns UBS. European oil refinerers could also feel a neagtive impact.
- Source: Bloomberg
- Previously: EVs a long-term wildcard in the oil market (Dec. 3)
Mon, Dec. 5, 3:49 AM
- BMW (OTCPK:BAMXF) will test about 40 autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber (Private:UBER), which have spent billions on pay-per-use personal transport.
- "There is a trained test driver behind the wheel of every car," said Klaus Buettner, BMW's Vice President in charge of Autonomous Driving.
- VW (OTCPK:VLKAY) has also taken aim at Uber, entering the on-demand ride services market with its new MOIA brand.
Sat, Dec. 3, 11:33 AM
- Electric vehicles are forecast to cut into oil demand by 1M-2M bbl/day by 2035, according to oil industry consultant Wood McKenzie.
- That estimate is actually much more conservative than Bloomberg New Energy Finance’s estimate for EVs to impact demand by 8M bbl/day by 2035. For perspective, OPEC agreed this week to coordinated production cuts of 1.2M bbl/day which swung crude oil prices wildly. EVs are only sipping up the equivalent of 50K bbl/day currently.
- The general consensus even in the oil industry is that governments are moving toward major changes with pollution and emissions regulations. Just this week, the cities of Paris, Mexico City, Madrid and Athens all said they would ban the use of diesel vehicles by 2025. Beijing is also slowly adopting pro-EV policies.
- A higher mix of EVs in the future has already been tipped off by the dramatic long-term electrification initiatives announced this year by companies such as BMW (OTCPK:BMWYY), Volkswagen (OTCPK:VLKAY), Ford (NYSE:F) and Toyota (NYSE:TM). Around the corner, Tesla Motors (NASDAQ:TSLA) and General Motors (NYSE:GM) have their mass model EVs ready to roll - while new EV trucks, buses and motorcycles are also on the way.
- WTI crude oil futures +1.21% to $51.68/bbl on Friday. Brent crude +0.96% to $54.46/bbl.
- ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM, OILK, OILX.
Fri, Dec. 2, 7:04 AM
- AlixPartners managing director Elmar Kades says the new fast-charging network planned in Europe through a combined effort of BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAY) and Ford gives "great visibility" to the strong commitment to the EV industry by major automakers.
- There is also the obvious benefit to each company of reducing the cost of building the extensive charging network.
- Source: Bloomberg
- Previously: Ultra-fast EV charging network planned for Europe (Nov. 29)
Thu, Dec. 1, 2:57 PM
Thu, Dec. 1, 2:44 PM
- Audi (OTCPK:VLKAY) unit sales +2.5% to 17,118 units.
- The Q5, Q7 and A4 were volume leaders during the month.
- YTD Audi sales +2.9% to 187,018 units.
Thu, Dec. 1, 10:51 AM| Thu, Dec. 1, 10:51 AM | 6 Comments
Wed, Nov. 30, 4:18 AM
- U.S. District Judge Charles Breyer has delayed today's court hearing on Volkswagen's (OTCPK:VLKAY) plan to address 80,000 polluting Audi (OTCPK:AUDVF), Porsche (OTCPK:POAHF) and VW 3.0-liter vehicles.
- Negotiations are continuing between the German automaker, regulators and lawyers, he said, setting a Dec. 16 hearing after being advised that a delay "may produce a resolution of the outstanding issues."
Tue, Nov. 29, 1:03 PM
- A charging network is being created in Europe through a group effort that includes BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Ford (F +0.4%) and Volkswagen (OTCPK:VLKAY) brands Audi and Porsche.
- The group sees an "ultra-fast high-powered" charging network along major highways with power levels up to 350 kW.
- The initial build-up is planned to start next year with 400 sites across Europe. By 2020, thousands of high-powered charging points are expected.
- Stanphyl Capital's Mark Spiegel points out that the planned network is at 2X the speed of Tesla's superchargers. It's the same Spiegel who Bloomberg reports is discussing Tesla (TSLA -2.2%) as a short idea at the Robin Hood conference in NYC.
Tue, Nov. 29, 7:44 AM
- TrueCar estimates new automobile sales rose 3.6% in November. On an adjusted day basis, the forecasts falls to a 4.7% drop in sales for the month due to the two fewer selling days.
- GM (NYSE:GM) sales for November are expected to increase 11.2% (unadjusted) to give it an 18.7% market share vs. 17.4% last year. Volkswagen (OTCPK:VLKAY), which is starting to lap its emissions scandal period, is expected to post a 4% gain for the month.
- The research firm says average incentive spending was up 13% Y/Y to $3,475 per unit. The only automaker without an increase in incentive spending during the month was Daimler (OTCPK:DDAIF), accordintg to TrueCar.
- "The early launch of Black Friday sales events is helping offset declines in fleet sales this month, as the retail sales environment remains strong for new car sales,” notes TrueCar analyst Eric Lyman.
- Previously: U.S. auto sales forecast to set a record in November (Nov. 25)
Fri, Nov. 25, 9:46 AM
- U.S. automobile sales are expected to increase 4.2% to a record 1.37M units in November, according to a forecast from Kelley Blue Book. The previous high for the month was 1.32M units.
- This November includes two extra selling days than last year which provides an obvious boost. A high level of promotions around the Black Friday weekend is also seen as a sales driver.
- KBB's forecast by automaker: General Motors (NYSE:GM) +8.6% to 249K, Toyota (NYSE:TM) +2.9% to 195K, Ford (NYSE:F) +0.1% to 187K, Fiat Chrysler Automobiles (NYSE:FCAU) -4.5% to 168K, Honda (NYSE:HMC) +9.1% to 126K, Nissan (OTCPK:NSANY) +8.3% to 116K, Hyundai-Kia (OTC:HYMLF) +7.0% to 113K, Subaru (OTCPK:FUJHY) +15.0% to 53K, Volkswagen (OTCPK:VLKAY) +5.5% to 47.5K.
- Tesla Motors (NASDAQ:TSLA) isn't running up the volume quite yet to make the KBB list, but that is expected to change in 2017.
Tue, Nov. 22, 6:15 AM
- Volkswagen's (OTCPK:VLKAY) namesake brand will start making electric cars in North America, as the manufacturer seeks to rebuild its tarnished image in the wake of its diesel scandal.
- "We will be significantly stepping up our activities in the USA," VW brand chief Herbert Diess declared.
- Production in the region will start in 2021, as part of a plan to sell 1M battery-powered cars globally per year by 2025.
Mon, Nov. 21, 2:27 AM
- Volkswagen (OTCPK:VLKAY) sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal.
- "If more than a quarter of our cars are to be electronic vehicles in the in the foreseeable future then we are going to need approximately three million batteries a year," CEO Matthias Mueller told Frankfurter Allgemeine Sonntagszeitung.