In an interview with Bloomberg yesterday, Volkswagen AG (ADR) (OTCMKTS:VLKAY) said it has bought a 5% stake in QuantumScape Corp, a battery startup initiated by former Stanford University researchers in 2012.
Continuing the crack down on foreign automakers in China, anti-monopoly regulators have fined a Chinese Volkswagen (OTCQX:VLKAY) joint venture $40.6M for fixing prices on vehicles and parts with dealers.
As you can see, despite making up a smaller share of vehicle sales and sales revenues, luxury brings in the majority of Volkswagen Group's operating profits. Porsche is quite remarkable. Despite selling roughly 3% of the vehicles Volkswagen Passenger ...
This target is aligned with the vision of the holding company, Volkswagen AG (ADR) (VLKAY), which in 2014 wants to surpass an annual sales volume of 10 million units to outsell auto giant, Toyota Motor Corp (ADR) (TM).