Volkswagen VZ Stock News

Despite current issues, Porsche as a luxury brand like Ferrari may see upside due to demand for high-level products. Porsche had a rough 2023 and may see earnings drop in 2024, but improved bottom-line margins and operating profit impressively. Challenges include investments in new models and BEV technology impacting the bottom line, but brand image and global presence offer upside potential.

The stocks of iconic brands are en masse. However, the informational asymmetry linked to the financial markets means that few are undervalued.

Rivian Automotive, Inc. stock surged after Volkswagen's investment, settling around $14, above moving averages. The Volkswagen deal validates Rivian, reduces risks, and aids in production expansion and distribution. Investor day highlighted cost reduction focus, production goals, and potential for selling puts as an investment strategy.

Management is aggressively cutting costs through its performance program and recently announced bullish 2030 profitability targets. Protectionism and deglobalization will protect Volkswagen from Chinese EVs. Concerns over Volkswagen's Chinese business are overblown because it accounts for a fraction of Volkswagen's income.

The partnership announced Tuesday between Rivian (RIVN) and Volkswagen (VWAGY) may set the path forward for traditional automakers and EV companies as the market for electric vehicles (EVs) continues to grow.

Atlanta, June 27, 2024 (GLOBE NEWSWIRE) -- Porsche has earned the number one ranking in the luxury segment in the J.D. Power 2024 U.S. Initial Quality Study (IQS), released Thursday.

John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America

China's SAIC Motor and German carmaker Volkswagen have signed several energy technology cooperation agreements related to their SAIC Volkswagen joint venture in China.