|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||22.15 - 22.36|
|52-week range||14.40 - 29.85|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||5.47|
|Forward dividend & yield||0.59 (2.58%)|
|Ex-dividend date||23 Jul 2021|
|1y target est||N/A|
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion euro ($34.7 billion) electrification plan Stellantis - born out of a merger of PSA and Fiat Chrysler earlier this year - said it had entered a preliminary agreement with battery maker LG Energy Solution to produce battery cells and modules for North America, where the world's No. 4 automaker expects more than 40% of its U.S. sales will be electric vehicles (EVs) by 2030. That follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), founded in 2020 by Stellantis and TotalEnergies in 2020.
Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker's CEO Herbert Diess, who wants to galvanise VW's top brass for a faster pivot to electric vehicles. The comments on Thursday by Musk to a VW managers gathering in Alpbach, Austria, confirmed by Diess via Twitter https://twitter.com/Herbert_Diess/status/1449333401048293378 on Saturday after a report in Handelsblatt daily, included praise of VW for being an "icon" and Tesla's greatest challenger, Handelsblatt said.
In the latest trading session, Volkswagen AG (VWAGY) closed at $31.73, marking a -0.38% move from the previous day.