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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen : to invest 60 billion euro in e-mobility, digital tech by 2024

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11/15/2019 | 08:08am EST
FILE PHOTO: International Frankfurt Autoshow IAA in Frankfurt

Volkswagen will invest 60 billion euros (£51.7 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday.

FRANKFURT (Reuters) - Volkswagen will invest 60 billion euros (£51.7 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday.

Volkswagen plans to build 75 variants of electric car and around 60 hybrid vehicle models, it said. By 2029 around 26 million electric cars will be built, of which 20 million vehicles will use VW's electric MEB vehicle platform, the carmaker said.

Volkswagen plans to retool its plant in Emden, Germany to build an electric sports utility vehicle (SUV) from 2022 onwards, and a decision on where to locate a new factory will be taken by year-end, the carmaker said.

(Reporting by Edward Taylor, editing by Riham Alkousaa and Michelle Martin)

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Financials (EUR)
Sales 2019 249 B
EBIT 2019 17 812 M
Net income 2019 13 750 M
Finance 2019 21 780 M
Yield 2019 3,44%
P/E ratio 2019 6,64x
P/E ratio 2020 6,31x
EV / Sales2019 0,28x
EV / Sales2020 0,25x
Capitalization 91 120 M
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Mean consensus BUY
Number of Analysts 30
Average target price 199,66  €
Last Close Price 183,30  €
Spread / Highest target 32,0%
Spread / Average Target 8,93%
Spread / Lowest Target -22,0%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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