Tag: Volkswagen AG

June 27, 2024 BY Elizabeth Anderson

Volkswagen’s $5bn Investment Gives Rivian Stock A Leg Up

Analysts reportedly regard this financing as an attempt to catch up with industry developments and predicted that it may be years before Volkswagen reaps the benefits. According to CNBC, the head of thematic intelligence at GlobalData, Cyrus Mewawalla, said: Volkswagen has fallen behind in two areas, on electric vehicles themselves, but also on autonomous driving…

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sec charges
March 15, 2019 BY Valentina Kirilova

Volkswagen and former CEO charged with defrauding U.S. investors

The U.S. Securities and Exchange Commission (SEC) yesterday opened charges against Volkswagen AG, Martin Winterkorn, its former CEO, and two of its subsidiaries for scamming U.S. investors by issuing corporate bonds and fixed income securities that raised billions of dollars through misleading statements about the company's "clean diesel" fleet of cars and their environmental impact.…

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