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VWAGY

Volkswagen

$0.00

(0.00%)

06:10
06/18/19
06/18
06:10
06/18/19
06:10

Volkswagen aims to boost in-house software development to 60% by 2025

Volkswagen AG said in a statement that it intends to group more than 5,000 digital experts together in its new "Car.Software" unit with Group responsibility for software in the vehicle by 2025. The company plans to develop significantly more software in the car and for vehicle-related services itself and to boost the in-house share of software development from the current figure of less than 10% to at least 60% by 2025. In future, there is to be one uniform software platform with all the basic functions for all vehicles throughout the Group. This will consist of the vehicle operating system "vw.os" and the Volkswagen Automotive Cloud. By 2025, all new Group models are to run on this software platform. The first vehicle based on this software platform will be the ID.3, which is to make its world debut at the IAA International Motor Show this year. Currently, more than 20,000 potential customers have registered for the pre-booking of this model. "We are platform professionals for hardware and are now transferring this competence to software development," says Christian Senger, Member of the Board of Management of the Volkswagen brand responsible for Digital Car and Services. "We will develop software with uniform basic functions for all Group brands, which will allow us to drastically reduce complexity. In the medium term, we will benefit from the scale effects of our Group. This is especially meaningful in the software field and will lead to tremendous cost advantages," Christian Senger adds.

VWAGY Volkswagen
$0.00

(0.00%)

05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
05/28/19
JEFF
05/28/19
NO CHANGE
Target $53
JEFF
Buy
Navistar acquisition by Volkswagen remains likely, says Jefferies
Jefferies analyst Stephen Volkmann expects Navistar International (NAV) to issue positive Q2 results and guidance when it reports on June 4. He believes management will focus on positive free cash flow, debt paydown, savings from the Volkswagen (VWAGY) joint venture and market share gains. Further, with Volkswagen re-launching the initial public offering process for Traton, the analyst says the Jefferies European Capital Goods Team issued a report analyzing the IPO and the potential for an acquisition of Navistar. The firm continues to believe an acquisition pf Navistar by Volkswagen is likely, although Volkmann admits the "timing remains uncertain." He keeps a Buy rating on Navistar with a $53 price target. The analyst believes his $53 price target "appears to be a price which would work for both buyer and seller."
05/31/19
JMPS
05/31/19
NO CHANGE
Target $369
JMPS
Outperform
JMP Securities keeps Outperform rating on Tesla after driving Audi e-tron
After test driving and analyzing the Audi e-tron, which marks Volkswagen's (VWAGY) first fully electric small SUV, JMP Securities analyst Joseph Osha said the test drive left him impressed but he also thinks "VW is late to the EV market and it shows." The e-tron is heavy, "slow by EV standards," and Osha said he thinks the weak range and performance are likely to limit sales for this version of the vehicle. Following the e-tron try-out, Osha reiterated his Outperform rating and $369 price target on Tesla shares, adding that he feels his 90,500 unit target for Tesla's Q2 shipments "is secure" based on early data.
06/03/19
RBCM
06/03/19
INITIATION
RBCM
Outperform
Volkswagen initiated with an Outperform at RBC Capital
RBC Capital analyst Tom Narayan started Volkswagen with an Outperform rating and EUR 202 price target. The analyst rolled out coverage on the European Autos group with a positive bias on car makers and a more cautious view on suppliers. While acknowledging near-term cyclical pressures, Narayan says the market is valuing Daimler, Renault and VW with no terminal value. His positive view on the car makers is supported by his firm's survey work which suggests strong consumer demand for electronic vehicles and a willingness to pay more.

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NASDAQ Market Internals

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$NYE

NYSE Market Internals

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KKR

KKR

$26.49

-0.32 (-1.19%)

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KKR put volume heavy and directionally bearish »

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Fed funds futures are fractionally higher »

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FB

Facebook

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Bitcoin

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Mnuchin says Trump has cryptocurrency concerns, won't target a specific provider »

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C

Citi

$71.87

0.12 (0.17%)

14:11
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Citi reports June credit loss rate 2.56% vs. 2.74% last month »

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Facebook

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Breaking Hot Stocks news story on Facebook »

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FB

Facebook

$203.81

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Bitcoin

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14:07
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Hot Stocks
Mnuchin says Treasury has 'serious concerns' about Facebook's Libra, bitcoin »

Treasury Secretary Steven…

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Bitcoin

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BITCOIN

Bitcoin

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

14:05
07/15/19
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14:05
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Options
Charles Schwab call volume above normal and directionally bullish »

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  • 19

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CSGP

CoStar Group

$583.45

-3.56 (-0.61%)

14:05
07/15/19
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Hot Stocks
CoStar Group signs agreement with Behar Group Realty »

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HTGC

Hercules Capital

$12.96

-0.02 (-0.15%)

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07/15/19
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Hot Stocks
Hercules Capital reports separation agreement with Manuel Henriquez »

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  • 01

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GLPG

Galapagos

$170.88

25.21 (17.31%)

13:59
07/15/19
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13:59
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13:59
Downgrade
Galapagos rating change  »

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LVMUY

LVMH

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13:52
07/15/19
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LVMH announces partnership with Stella McCartney »

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  • 24

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

13:51
07/15/19
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13:51
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Charles Schwab analyst commentary  »

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  • 19

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AMC

AMC Entertainment

$9.45

(0.00%)

13:45
07/15/19
07/15
13:45
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13:45
Options
AMC Entertainment call volume above normal and directionally bullish »

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  • 05

    Sep

SPY

SPDR S&P 500 ETF Trust

$300.31

-0.37 (-0.12%)

, SPX

S&P 500

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13:43
07/15/19
07/15
13:43
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13:43
Periodicals
Trump ponders firing Commerce Secretary Wilbur Ross, NBC News says »

According to an earlier…

SPY

SPDR S&P 500 ETF Trust

$300.31

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SPX

S&P 500

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MDCO

The Medicines Co.

$36.65

-0.03 (-0.08%)

13:35
07/15/19
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13:35
Options
Medicines Company put volume heavy and directionally bearish »

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NTGN

Neon Therapeutics

$4.61

0.3 (6.96%)

13:30
07/15/19
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Neon Therapeutics analyst commentary  »

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  • 09

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SYMC

Symantec

$21.73

-3.83 (-14.98%)

, AVGO

Broadcom

$289.18

3.79 (1.33%)

13:27
07/15/19
07/15
13:27
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13:27
Periodicals
Broadcom was willing to pay up $28.25 per share for Symantec, Reuters reports »

Symantec (SYMC) walked…

SYMC

Symantec

$21.73

-3.83 (-14.98%)

AVGO

Broadcom

$289.18

3.79 (1.33%)

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CARA

Cara Therapeutics

$25.55

1.25 (5.14%)

13:25
07/15/19
07/15
13:25
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13:25
Options
Cara Therapeutics call volume above normal and directionally bullish »

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13:25
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Conference/Events
Stephens consumer/poultry & egg analysts hold analyst/industry conference call »

Analysts provide an…

A

Agilent

$69.90

-1.75 (-2.44%)

13:25
07/15/19
07/15
13:25
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13:25
Conference/Events
The Brookings Institution to hold a conference »

8th annual Municipal…

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  • 15

    Jul

GOOG

Alphabet

$1,146.02

1.47 (0.13%)

, GOOGL

Alphabet Class A

$1,146.04

0.74 (0.06%)

13:24
07/15/19
07/15
13:24
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13:24
Periodicals
Trump administration 'taking aim' at Google, FBN's Gasparino says »

Charles Gasparino of Fox…

GOOG

Alphabet

$1,146.02

1.47 (0.13%)

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Alphabet Class A

$1,146.04

0.74 (0.06%)

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$NSD

NASDAQ Market Internals

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13:17
07/15/19
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13:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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13:16
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NYSE market internals summary »

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