Volkswagen A G Ord (VLKAF)
$196.65 1.35 (0.68%)
15:58 EST VLKAF Stock Quote Delayed 15 Minutes
Previous Close $196.65
Market Cap 58.03B
PE Ratio -
Volume (Avg. Vol.) 300
Day's Range 196.25 - 198.94
52-Week Range 150.15 - 203.12
Dividend & Yield N/A (N/A)
VLKAF Stock Predictions, Articles, and Volkswagen A G Ord News
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BERLIN - Tesla plans to open a factory near Berlin that would make batteries, powertrains and vehicles, starting with the company's newest model, a compact SUV called the Model Y. Elon Musk, Tesla's chairman, delivered the news onstage in the German capital Tuesday after being awarded the Golden Steering Wheel, a German automobile prize, for the Tesla Model 3. "I actually have an announcement that I think will hopefully be well received," he said, with leaders of Germany's automobile industry in the audience. "We've decided to put the Tesla Gigafactory Europe in the Berlin area." He provided few details about the plant, which would be Tesla's first major factory in Europe, including when and where exactly it would be built or how many people would be hired. Germany, Europe's biggest economy, is quickly becoming the European battleground for building electric vehicles, as both the German government and manufacturers invest in the new technology. Musk had mentioned during Tesla's last earnings report conference call in October that the company would build a factory somewhere in Europe. Peter Altmaier, the country's economy and energy minister, described Tesla's announcement as a validation of the German government's investment in the field of electric mobility. The government recently announced plans to subsidize the purchase of electric vehicles by as much as $5,500, in a bid to bring 10 million electric cars onto German roads by 2030. The government plans to support those with 300,000 publicly accessible charging stations. "We can assume that we now have the chance to become an important international center in this arena of the future over the next few years," Altmaier said at a news conference Wednesday. Volkswagen CEO Herbert...
Volkswagen said Wednesday it will build a battery pack assembly facility as part of an $800 million expansion project that will turn the Chattanooga, Tenn. factory into its North American base for manufacturing electric vehicles. The Chattanooga factory expansion, which is includes a 564,000-square…
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