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Top related persons:
CMD - 1 Jefferies - 1 carmaker - 1 Oliver Blume - 1 Arno Antlitz - 1 Blume - 1 Daniel Roeska - 1 Jan Schwartz - 1
Top related locs:
Xinjiang Urumqi Germany
Top related orgs:
Porsche - 1 Volkswagen - 1 Investors - 1 SAIC - 1 Bernstein Research - 1 Thomson - 1

Search resuls for: "Jan Schwartz Victoria Waldersee"


2 mentions found


☆ Volkswagen to face investor grilling on China, costs at capital markets day
  + stars: | 2023-06-16 | by ( Jan Schwartz Victoria Waldersee | Jan Schwartz | Victoria Waldersee | ) www.reuters.com   time to read: +2 min
June 16 (Reuters) - Volkswagen (VOWG_p.DE) will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. "The 21 June CMD is an opportunity to reset a fraught relationship with investors, a challenging exercise," Jefferies wrote in a note on Friday. Investors also demanded that Volkswagen conduct an independent audit of the Urumqi plant, which executives have is only possible with the agreement of joint venture partner SAIC (600104.SS). Alongside targets, investors needed details on how the carmaker expects to make its EV production more cost-effective, Daniel Roeska of Bernstein Research wrote in a note on Thursday. "The risk is that instead we see more punchy earnings and volume targets, with little to support them," he added.
Persons: CMD, Jefferies, carmaker, Oliver Blume, Arno Antlitz, Blume, Daniel Roeska, Jan Schwartz, Victoria Waldersee, Conor Humphries Organizations: Porsche, Volkswagen, Investors, SAIC, Bernstein Research, Thomson Locations: Xinjiang, Urumqi, Germany
☆ Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO
  + stars: | 2022-09-18 | by ( Jan Schwartz Victoria Waldersee | Jan Schwartz | Victoria Waldersee | ) www.reuters.com   time to read: +3 min
Employees of German car manufacturer Porsche install the windshield of a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. Volkswagen will price preferred shares in the flotation of Porsche AG at 76.50 euros to 82.50 euros per share, the carmaker said, translating into a valuation of 70 billion to 75 billion euros. Up to 113,875,000 preferred shares, carrying no voting rights, will be placed with investors over the course of the IPO. Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.
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