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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen to Invest in Ford's Self-Driving Car Unit

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07/11/2019 | 08:36pm EDT

By Mike Colias

Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the startup at $7 billion, according to people familiar with the matter.

Ford has been the majority shareholder of Pittsburgh-based Argo since early 2017, when it agreed to invest $1 billion.

Under the agreement with Volkswagen, to be announced Friday, Argo would develop autonomous-driving technology for VW and eventually supply systems for commercial use, while continuing its development work with Ford, the people said.

Write to Mike Colias at Mike.Colias@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -0.58% 10.2 Delayed Quote.34.12%
ONE STOP SYSTEMS INC -1.21% 1.63 Delayed Quote.-15.98%
VOLKSWAGEN AG 0.00% 151.46 Delayed Quote.9.03%
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Financials (EUR)
Sales 2019 244 B
EBIT 2019 17 422 M
Net income 2019 13 338 M
Finance 2019 22 387 M
Yield 2019 4,02%
P/E ratio 2019 5,70x
P/E ratio 2020 5,25x
EV / Sales2019 0,22x
EV / Sales2020 0,19x
Capitalization 76 646 M
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 27
Average target price 190,65  €
Last Close Price 151,98  €
Spread / Highest target 57,9%
Spread / Average Target 25,4%
Spread / Lowest Target -17,1%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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