VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade

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VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade

Bloomberg2021-03-16

(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...

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Comment（17）

SaraJT
·2021-03-17
????
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RonnieSG
·2021-03-17
That's no. 2 in the making
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MightyPooP
·2021-03-17
The moat has been weakened! Less monopoly or oligopoly. Good opportunity to spread the bets. Take Note that it will take time for new entrants to get a footing but they do have the advantage of industry experience.
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1
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- SSVC:
  [强][握手]
  2021-03-17
  Reply
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PJoo
·2021-03-17
The non EVs are fighting back!
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2
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- PJoo:
  Red ocean!
  2021-03-17
  Reply
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- MightyPooP:
  Not fighting. Joining. If you can't beat them, you join them. Competition!
  2021-03-17
  Reply
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Lty1098
·2021-03-17
Like n comment pls
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2
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- Lty1098:
  Ty
  2021-03-18
  Reply
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- bshian:
  Thanks
  2021-03-18
  Reply
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- bshian:
  Done
  2021-03-17
  Reply
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兔气扬眉
·2021-03-17
Wow
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1
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真的钻石手
·2021-03-17
Interesting! like n comment pls
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1
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- Tbun:
  kk
  2021-03-17
  Reply
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- Farida:
  Ok
  2021-03-17
  Reply
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JayTan
·2021-03-17
Oh
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JayTan
·2021-03-17
Oh
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doky
·2021-03-17
Enter now
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- Tbun:
  ok
  2021-03-17
  Reply
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- 真的钻石手:
  [财迷]
  2021-03-17
  Reply
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SSVC
·2021-03-17
Cool Appreciate your response and comments Thanks
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7
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- SSVC:
  [强][握手]
  2021-03-17
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- Daveb:
  Lol the stock movement is probably simply media hype and will quickly backtrack. Tesla still leads the way.
  2021-03-17
  Reply
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- doky:
  buy early
  2021-03-17
  Reply
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DaveNg5144
·2021-03-17
Wow
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1
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Tan Boon Hup
·2021-03-17
? wow
Reply
3
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Maika
·2021-03-17
good
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1
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EatAndSleep
·2021-03-17
Interesting
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HS91
·2021-03-17
Great
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1
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Seward
·2021-03-17
Great to know this
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On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":324052422,"gmtCreate":1615946015666,"gmtModify":1704788770640,"author":{"id":"3572604411300346","authorId":"3572604411300346","authorIdStr":"3572604411300346","name":"SaraJT","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572604411300346"},"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324052422","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324030536,"gmtCreate":1615942406725,"gmtModify":1704788696277,"author":{"id":"3567295126071659","authorId":"3567295126071659","authorIdStr":"3567295126071659","name":"RonnieSG","avatar":"https://static.tigerbbs.com/20c3815bb0969cd4ea7a26f56e53df31","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3567295126071659"},"htmlText":"That's no. 2 in the making&nbsp;","listText":"That's no. 2 in the making&nbsp;","text":"That's no. 2 in the making","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324030536","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325778975,"gmtCreate":1615940860797,"gmtModify":1704788657845,"author":{"id":"3575163551534398","authorId":"3575163551534398","authorIdStr":"3575163551534398","name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3575163551534398"},"htmlText":"The moat has been weakened! Less monopoly or oligopoly. Good opportunity to spread the bets. Take Note that it will take time for new entrants to get a footing but they do have the advantage of industry experience.","listText":"The moat has been weakened! Less monopoly or oligopoly. Good opportunity to spread the bets. Take Note that it will take time for new entrants to get a footing but they do have the advantage of industry experience.","text":"The moat has been weakened! Less monopoly or oligopoly. Good opportunity to spread the bets. Take Note that it will take time for new entrants to get a footing but they do have the advantage of industry experience.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325778975","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813664,"gmtCreate":1615949594310,"gmtModify":1680780665806,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325778975,"type":1,"supId":0,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"}],"langContent":"EN"},{"id":325754476,"gmtCreate":1615940101195,"gmtModify":1704788636107,"author":{"id":"3572863479502236","authorId":"3572863479502236","authorIdStr":"3572863479502236","name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572863479502236"},"htmlText":"The non EVs are fighting back!&nbsp;","listText":"The non EVs are fighting back!&nbsp;","text":"The non EVs are fighting back!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/325754476","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3816857,"gmtCreate":1615980279429,"gmtModify":1680780715681,"authorId":3572863479502236,"author":{"id":3572863479502236,"authorId":3572863479502236,"name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325754476,"type":1,"supId":3812408,"prevId":0,"content":"Red ocean!","text":"Red ocean!","html":"Red ocean!"},{"id":3812408,"gmtCreate":1615940727946,"gmtModify":1680780640348,"authorId":3575163551534398,"author":{"id":3575163551534398,"authorId":3575163551534398,"name":"MightyPooP","avatar":"https://static.tigerbbs.com/aec66d00ca2b1f2b75412008d93edd14","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325754476,"type":1,"supId":0,"prevId":0,"content":"Not fighting. Joining. If you can't beat them, you join them. Competition!","text":"Not fighting. Joining. If you can't beat them, you join them. Competition!","html":"Not fighting. Joining. If you can't beat them, you join them. Competition!"}],"langContent":"EN"},{"id":325759823,"gmtCreate":1615939594762,"gmtModify":1704788626386,"author":{"id":"3573201360768736","authorId":"3573201360768736","authorIdStr":"3573201360768736","name":"Lty1098","avatar":"https://static.tigerbbs.com/0123641e5b1e8993162711702dcb0f22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573201360768736"},"htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/325759823","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3825149,"gmtCreate":1616060569140,"gmtModify":1680780842814,"authorId":3573201360768736,"author":{"id":3573201360768736,"authorId":3573201360768736,"name":"Lty1098","avatar":"https://static.tigerbbs.com/0123641e5b1e8993162711702dcb0f22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325759823,"type":1,"supId":3812321,"prevId":0,"content":"Ty","text":"Ty","html":"Ty"},{"id":3825252,"gmtCreate":1616061573348,"gmtModify":1680780842265,"authorId":3576896763784132,"author":{"id":3576896763784132,"authorId":3576896763784132,"name":"bshian","avatar":"https://static.tigerbbs.com/ea8813b91ae8bba6f3905bb49e6986be","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325759823,"type":1,"supId":3812321,"prevId":0,"content":"Thanks ","text":"Thanks ","html":"Thanks "},{"id":3812321,"gmtCreate":1615940385021,"gmtModify":1680780643558,"authorId":3576896763784132,"author":{"id":3576896763784132,"authorId":3576896763784132,"name":"bshian","avatar":"https://static.tigerbbs.com/ea8813b91ae8bba6f3905bb49e6986be","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325759823,"type":1,"supId":0,"prevId":0,"content":"Done ","text":"Done ","html":"Done "}],"langContent":"EN"},{"id":325764753,"gmtCreate":1615938657072,"gmtModify":1704788609054,"author":{"id":"3568026014768326","authorId":"3568026014768326","authorIdStr":"3568026014768326","name":"兔气扬眉","avatar":"https://community-static.tradeup.com/news/58fe9e54c89b636f385d436c63c3e4f2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3568026014768326"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325764753","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325780420,"gmtCreate":1615937290160,"gmtModify":1704788586023,"author":{"id":"3574980150965538","authorId":"3574980150965538","authorIdStr":"3574980150965538","name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"3574980150965538"},"htmlText":"Interesting! like n comment pls","listText":"Interesting! like n comment pls","text":"Interesting! like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/325780420","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3812016,"gmtCreate":1615938375860,"gmtModify":1680780634490,"authorId":3570852434754937,"author":{"id":3570852434754937,"authorId":3570852434754937,"name":"Tbun","avatar":"https://community-static.tradeup.com/news/63e67729da4933c107a878402f4fce2c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.18%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325780420,"type":1,"supId":3811872,"prevId":0,"content":"<u>kk</u>","text":"<u>kk</u>","html":"<u>kk</u>"},{"id":3811872,"gmtCreate":1615937460544,"gmtModify":1680780630155,"authorId":3570019694307822,"author":{"id":3570019694307822,"authorId":3570019694307822,"name":"Farida","avatar":"https://static.tigerbbs.com/a47cbc0316f151ff39c8b8a3f530a7f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325780420,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":325711472,"gmtCreate":1615936658396,"gmtModify":1704788576770,"author":{"id":"3572397521268164","authorId":"3572397521268164","authorIdStr":"3572397521268164","name":"JayTan","avatar":"https://static.tigerbbs.com/2df5c1d990871ccbfc0f26d4948532db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572397521268164"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325711472","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325711870,"gmtCreate":1615936640490,"gmtModify":1704788577093,"author":{"id":"3572397521268164","authorId":"3572397521268164","authorIdStr":"3572397521268164","name":"JayTan","avatar":"https://static.tigerbbs.com/2df5c1d990871ccbfc0f26d4948532db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572397521268164"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325711870","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325737660,"gmtCreate":1615936187850,"gmtModify":1704788572401,"author":{"id":"3567308634822078","authorId":"3567308634822078","authorIdStr":"3567308634822078","name":"doky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3567308634822078"},"htmlText":"Enter now","listText":"Enter now","text":"Enter now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/325737660","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3812017,"gmtCreate":1615938382186,"gmtModify":1680780635679,"authorId":3570852434754937,"author":{"id":3570852434754937,"authorId":3570852434754937,"name":"Tbun","avatar":"https://community-static.tradeup.com/news/63e67729da4933c107a878402f4fce2c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.18%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325737660,"type":1,"supId":3811845,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":3811845,"gmtCreate":1615937307489,"gmtModify":1680780630508,"authorId":3574980150965538,"author":{"id":3574980150965538,"authorId":3574980150965538,"name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.17","exceedPercentage":"93.91%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325737660,"type":1,"supId":0,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"}],"langContent":"EN"},{"id":325734611,"gmtCreate":1615936058433,"gmtModify":1704788571106,"author":{"id":"3574906731000207","authorId":"3574906731000207","authorIdStr":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207"},"htmlText":"Cool Appreciate your response and comments Thanks&nbsp;","listText":"Cool Appreciate your response and comments Thanks&nbsp;","text":"Cool Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/325734611","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3813652,"gmtCreate":1615949535981,"gmtModify":1680780660137,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325734611,"type":1,"supId":3813559,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"},{"id":3813559,"gmtCreate":1615948920037,"gmtModify":1680780656553,"authorId":3575141057639271,"author":{"id":3575141057639271,"authorId":3575141057639271,"name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325734611,"type":1,"supId":0,"prevId":0,"content":"Lol the stock movement is probably simply media hype and will quickly backtrack. Tesla still leads the way.","text":"Lol the stock movement is probably simply media hype and will quickly backtrack. Tesla still leads the way.","html":"Lol the stock movement is probably simply media hype and will quickly backtrack. Tesla still leads the way."},{"id":3811709,"gmtCreate":1615936163618,"gmtModify":1680780633545,"authorId":3567308634822078,"author":{"id":3567308634822078,"authorId":3567308634822078,"name":"doky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325734611,"type":1,"supId":0,"prevId":0,"content":"buy early","text":"buy early","html":"buy early"},{"id":3811723,"gmtCreate":1615936326719,"gmtModify":1680780633205,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325734611,"type":1,"supId":3811709,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"}],"langContent":"EN"},{"id":325735315,"gmtCreate":1615935955837,"gmtModify":1704788569328,"author":{"id":"3563596700956479","authorId":"3563596700956479","authorIdStr":"3563596700956479","name":"DaveNg5144","avatar":"https://static.tigerbbs.com/f512a245bcf42ba3604520e2e90ef7a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563596700956479"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325735315","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325730722,"gmtCreate":1615935010866,"gmtModify":1704788561076,"author":{"id":"3570863489388697","authorId":"3570863489388697","authorIdStr":"3570863489388697","name":"Tan Boon Hup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3570863489388697"},"htmlText":"? wow","listText":"? wow","text":"? wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325730722","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325455040,"gmtCreate":1615921128180,"gmtModify":1704788506490,"author":{"id":"3574398921203400","authorId":"3574398921203400","authorIdStr":"3574398921203400","name":"Maika","avatar":"https://static.tigerbbs.com/67b895886721e1132ca561323be59c05","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574398921203400"},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325455040","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325482641,"gmtCreate":1615913484183,"gmtModify":1704788470607,"author":{"id":"3575274583078182","authorId":"3575274583078182","authorIdStr":"3575274583078182","name":"EatAndSleep","avatar":"https://static.tigerbbs.com/da7158f5a87a3e1d17e666a755c626f0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575274583078182"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325482641","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325486004,"gmtCreate":1615913300208,"gmtModify":1704788468975,"author":{"id":"3574717996764276","authorId":"3574717996764276","authorIdStr":"3574717996764276","name":"HS91","avatar":"https://static.tigerbbs.com/dc633a86f0af8382f871189fc9b7ce0a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574717996764276"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325486004","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325497798,"gmtCreate":1615910744914,"gmtModify":1704788432261,"author":{"id":"3578127212994089","authorId":"3578127212994089","authorIdStr":"3578127212994089","name":"Seward","avatar":"https://static.tigerbbs.com/78f3473c7879ec142432e3c73a905543","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578127212994089"},"htmlText":"Great to know this","listText":"Great to know this","text":"Great to know this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325497798","repostId":2119597686,"repostType":4,"repost":{"id":"2119597686","pubTimestamp":1615908079,"share":"https://ttm.financial/m/news/2119597686?lang=&edition=fundamental","pubTime":"2021-03-16 23:21","market":"us","language":"en","title":"VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2119597686","media":"Bloomberg","summary":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago ","content":"<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.</p>\n<p>VW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.</p>\n<p>The share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.</p>\n<p>VW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.</p>\n<p>“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.</p>\n<p>Europe’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.</p>\n<p>VW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.</p>\n<p>The company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW <a href=\"https://laohu8.com/S/AONE\">one</a> of Europe’s largest software firms behind <a href=\"https://laohu8.com/S/SAP\">SAP SE</a>, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.</p>\n<p><b>Here’s how VW’s units performed last year:</b></p>\n<p>Operating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year</p>\n<p>Last month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.</p>\n<p>(Updates with share move in headline and first paragraph.)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVW Surges 29% After Laying Plans to Dethrone Tesla by Mid-Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/QG1tiAq4x63gX0dikdOOWQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/JDQxHCzf6xCzbxlACQk6oA--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4ae9d926a93cf955bcbc37fa34c76418","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/vw-surges-29-laying-plans-124919879.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2119597686","content_text":"(Bloomberg) --Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.\nVW’s common stock soared as much as 29% on Tuesday after it announced plans to standardize key technologies across its sprawling industrial empire and generate scale effects that both Tesla and established automakers are unlikely to match. On Monday, the company said it would build six battery factories in Europe alone.\nThe share move is reminiscent of the short squeeze that briefly made VW the world’s most valuable company in 2008. VW’s three dominant shareholders - the Porsche and Piech family, the state of Lower Saxony and Qatar -- own 90% of the common shares outstanding. VW’s preference stock, its more widely traded security, was up just 5.7% as of 1:45 p.m. in Frankfurt.\nVW is targeting 1 million electric-vehicle sales this year and aims to become the global EV market leader by 2025 at the latest, the company said. By 2030, the share of fully electric vehicles in Europe is set to rise to as much as 60% of its deliveries.\n“We will accelerate our transformation journey in 2021 and beyond,” Chief Executive Officer Herbert Diess told reporters. The newly-formed management board “is set to unleash value,” he said.\nEurope’s largest automaker is overhauling its sprawling operations to free up funds for new technologies as it plans to build the industry’s largest fleet of electric vehicles. The company is introducing several new battery-powered models, has unveiled Europe’s boldest battery-production push and struck a deal with unions to cut more jobs in Germany.\nVW said it will use a “platform” approach to leverage economies of scale across its stable of 12 automotive brands and raise the efficiency of deploying technologies including software, batteries and charging infrastructure.\nThe company plans to bolster its software operations to 10,000 staff as it develops automated-driving features and in-car operating systems. The hiring push would make VW one of Europe’s largest software firms behind SAP SE, improving its chances of catching up to Tesla and counter the risks posed by the automotive ambitions of Apple Inc. and Alphabet Inc.\nHere’s how VW’s units performed last year:\nOperating profit at VW’s namesake passenger-car brand plummeted to 454 million euros in 2020, from 3.8 billion euros in 2019The Audi division, which leads the group’s software expansion, saw operating profit decline to 2.7 billion euros from 4.5 billion eurosPorsche, the group’s most profitable brand, emerged from the pandemic largely unscathed with 4 billion euros in operating profit, compared with 4.2 billion euros in the previous year\nLast month, the company said it expects profitability to improve this year. It kept its dividend proposal unchanged even as analysts braced for a cut, and said rising vehicle deliveries will push up revenue up significantly. By 2025 at the latest, VW wants to generate an operating return on sales of 7% to 8%.\n(Updates with share move in headline and first paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":60,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}