- Benzinga
Volkswagen Gets Surpassed Even By Hyundai
During the first three months of 2024, Hyundai Motor Group (OTC: HYMTF) surpassed Volkswagen Group (OTC: VWAGY) in terms of operating profit, taking its second place, with Toyota Group (NYSE: TM) remaining on the global auto industry throne. Hyundai Surpassed Volkswagen, While Toyota Fefended Its Throne For the first quarter, the South Korean automaker reported operating profit of $5.09 billion, slightly above $4.94 billion that the German automaker reported, led by $7.15 reported by the Japanes
- Bloomberg
Volkswagen Said to Eye Traton Stock Sale After Price Surge
(Bloomberg) -- Volkswagen AG is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE, people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsTesla Rehires Some Supercharger Work
- Reuters
UPDATE 1-Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports
Volkswagen is exploring the sale of as much as 1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE, Bloomberg News reported on Monday, citing people familiar with the matter. The potential 1 billion euros share sale represents a near 6% stake in Traton, according to market cap data from LSEG. Volkswagen declined to comment.
