Sarina Rosenbusch from the investor magazine “Der Aktionär” takes a closer look at the recommended shares of Volkswagen AG (VW) (ISIN: DE0007664039, WKN: 766403, ticker symbol: VOW3, NASDAQ OTC symbol: VLKPF) in the current stock analysis.
The Germans struck again on the VW Golf last year. With 84,280 new registrations, the cult car was once again on top of the best-selling cars. In an interview with “Handelsblatt”, CEO Oliver Blume has now announced that the Golf and two other models will be relaunched with electricity.
In addition to the Golf, the compact SUV Tiguan and the GTI variant should also be offered as electric vehicles. “We will not let icons like Golf die,” the group said. Many consumers would wish that such cult models would also have a future in the electronic age.
According to Volkswagen, the Golf and Tiguan should come to market as part of a series of electric IDs under the ID.Golf and Tiguan names. The project is currently in the concept and design stage.
When can the new models be launched? From 2033, VW no longer wants to sell combustion engines in Europe. Until then, the Golf can be offered with electric and combustion engines in parallel. However, since a new car takes four to five years to be ready for the market and the new version of the Tiguan with a combustion engine will appear this year, it will probably take some time.
Today, Wednesday, JPMorgan analyst Jose Asumendi left an “Overweight” rating with a price target of EUR 235. Despite recent price cuts in the electric vehicle sector on the US market, the Wolfsburg-based company still has on regression and maximum sales prices in all key sales regions.
It was urgent for Volkswagen to finally step on the gas pedal when it comes to electrification. The Golf brand can also improve the electric car portfolio and attract new customers. According to Sarina Rosenbusch, Volkswagen’s stock is still standing. DER SHAREHOLDERS prefer Porsche AG (ISIN: DE000PAG9113, WKN: PAG911) among German auto stocks. (Analysis from 01/25/2023)
(With material from dpa-AFX)
Please also note the information on disclosure obligations in case of conflicts of interest within the meaning of Directive 2014/57/EU and corresponding EU regulations. under the following link.
Stock markets for Volkswagen preferred stock:
Tradegate’s preferred stock price for Volkswagen:
EUR 123.00 -0.66% (01/25/2023, 2:41 pm)
XETRA share price of Volkswagen preferred shares:
EUR 123.08 -0.58% (01/25/2023, 2:26 pm)
ISIN Volkswagen preferred share:
WKN Volkswagen prefers to participate:
Share Volkswagen ticker favorites:
NASDAQ OTC ticker for Volkswagen Preferred Stock:
Brief description of Volkswagen AG:
The Wolfsburg-based Volkswagen Group (ISIN: DE0007664039, WKN: 766403, ticker symbol: VOW3, NASDAQ OTC symbol: VLKPF) is one of the world’s leading automakers and Europe’s largest automaker. Ten brands from five European countries belong to the group: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a variety of other products and business areas. This also includes financial services, including supplier and customer financing, leasing, banking and insurance, and fleet management.
With its plan for the future and the new Group Strategy 2030 “NEW AUTO – Mobility for Future Generations”, the Volkswagen Group has paved the way for the biggest change process in its history: the restructuring of one of the best car companies to be. one of the world’s leading providers of sustainable mobility. To this end, the Group will transform its core automotive business, including more than 30 additional electric models by 2025, with the expansion of battery technology and autonomous driving as new core competencies. (01/25/2023/ac/a/d)
Disclosure of potential conflicts of interest:
You can view potential conflicts of interest on the website of the creator/source of the analysis.