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volkswagen ag-pref (50IT) Snapshot

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52 Week High
09/16/13 - €184.26
52 Week Low
07/23/13 - €161.00
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Current Stock Chart for VOLKSWAGEN AG-PREF (50IT)

volkswagen ag-pref (50IT) Details

Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars segment develops vehicles and engines; and produces and sells passenger cars and genuine parts. The Commercial Vehicles segment develops, produces, and sells light commercial vehicles, and trucks and buses, as well as offers parts and related services. The Power Engineering segment develops and produces large-bore diesel engines, turbo compressors, industrial turbines, and chemical reactor systems, as well as produces gear units, population components, and testing systems. The Financial Services segment offers dealer and customer financing, leasing, banking and insurance, fleet management, and mobility services. It also offers motorcycles. Volkswagen Aktiengesellschaft provides its products under the Volkswagen Passenger Cars, Audi, ŠKODA, SEAT, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN brand names, as well as financial services under the Volkswagen Financial Services brand name. The company has strategic alliance with Daimler AG to produce Crafter. Volkswagen Aktiengesellschaft is headquartered in Wolfsburg, Germany.

558,745 Employees
Last Reported Date: 04/29/14

volkswagen ag-pref (50IT) Top Compensated Officers

Chairman of Board of Management and Chief Exe...
Total Annual Compensation: €10.9M
Chief Financial Officer, Head of Controlling ...
Total Annual Compensation: €4.6M
Chief of Production and Member of Board of Ma...
Total Annual Compensation: €4.1M
Head of Commercial Vehicles and Member of Boa...
Total Annual Compensation: €4.1M
Head of Human Resources & Organization and Me...
Total Annual Compensation: €4.4M
Compensation as of Fiscal Year 2013.

volkswagen ag-pref (50IT) Key Developments

Bentley to Launch Mulsanne Speed at Paris Motor Show

Bentley a subsidiary of Volkswagen AG is planning to launch its Mulsanne Speed at the 2014 Paris Motor Show, scheduled for October 2014. The vehicle is to be launched in late-2014 or early-2015. The model is equipped with a 6.75 liter twin-turbo V8 used in the standard Mulsanne but with increased power output to around 550 bhp. It accelerates from zero to 100 kmph in five seconds.

Peel Ports and Volkswagen to Build an Eight-Acre Facility at Sheerness (United Kingdom)

Volkswagen (VW) is to expand its capabilities at Sheerness (United Kingdom) docks. As part of a 10-year deal with the owner, Peel Ports, VW will build an eight-acre facility that will be operated by GBA, and will create 100 new jobs at the site. It is expected that this will allow it import around 50,000 vehicles per year. In related news, VW has also announced that it is constructing a new "destination" dealership showroom in London (United Kingdom). The site will be known as Volkswagen West London and run by Inchcape group, located next to the elevated section of the M4 motorway that enters the city from the west. The company said that it will be split over three floors with space for 30 new and 60 used cars, with a car park on the ground floor level, and showroom on the first floor. It added that salespeople will use Apples iPads featuring the automaker's Digital Showroom application, which will work in conjunction with some of the vehicles on the showroom floor. It will also feature service bays. The two initiatives are further designed to help VW's performance in the UK. The new dock facilities will take up to a quarter of the automaker's shipments in the UK and are likely to support the brand tapping the lucrative Southeast of England market, which includes London. It will also add to capacity at Sheerness, which brought in 330,000 vehicles last year. The new dealership will be located on a stretch of road that is already occupied by dealerships for Mercedes and Audi. VW intends for the site to offer a transition from its internet site to closing the purchase at this location, and as a result it will be focusing heavily on the positive experience it offers customers.

Fiat And Exor Deny Possible Merger Approach From Volkswagen

Fiat S.p.A. (BIT:F) and Exor S.p.A. refuted that an approach was made by Volkswagen AG (XTRA:VOW3) regarding a potential merger. A spokesman for Expor stated that no talks had taken place. Manager Magazin had earlier reported that Volkswagen’s Chairman Ferdinand Piech had held various discussions with associates and members of the Agnelli family about a takeover of Fiat. Fiat’s shares climbed as much as 5.1% and Volkswagen’s stock fell as much as 3.2%.


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