Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Volkswagen : drops Mexico City dealership that displayed Nazi poster

share with twitter share with LinkedIn share with facebook
09/08/2020 | 01:20pm EDT
A logo of German carmaker Volkswagen is seen on a car parked on a street in Paris

German carmaker Volkswagen said late Monday it had severed ties with a distributor in Mexico City after a Twitter user posted photographs taken at the business showing a wall decorated with an image of a Nazi celebration of the Beetle car.

In a statement, Volkswagen's Mexico unit condemned the images from the salesroom in the southern neighborhood of Coyoacan and stressed its commitment to upholding human dignity.

"We strongly disapprove of (the distributor) showing those images at its facilities, which showed a regime that emphasized hatred and discrimination at a point in history that has fortunately been left behind," Volkswagen said.

The dealership could not immediately be reached for comment.

Initially founded in the 1930s on orders by Nazi dictator Adolf Hitler to build the "people's car", Volkswagen employed forced laborers for the German military effort in World War Two.

The Wolfsburg-based firm's decision on the Mexican distributor came after photos of the wall decoration depicting the Nazi event, which prominently featured swastika symbols alongside an early Beetle, circulated on social media.

Soon after, a prominent Jewish human rights organization urged Volkswagen to end its relationship with the business.

"The most appropriate (thing) would be to drop the concession completely, in order to pass a clear message to your customers that you have learned from your history," the Simon Wiesenthal Centre said in a letter to Volkswagen Mexico.

"German cars in Mexico are unacceptable if they come with the swastika," the group said.

Volkswagen in May withdrew an advertisement that was criticized for featuring a "white power" gesture.

(Reporting by Dave Graham and Daina Beth Solomon; Editing by Marguerita Choy)


share with twitter share with LinkedIn share with facebook
All news about VOLKSWAGEN AG
02:20aVOLKSWAGEN : TRATON and Hino start E-Mobility Joint Venture
PU
10/27Hyundai's Motional partners with Via to launch U.S. robotaxi service in 2021
RE
10/27Waymo, Daimler to partner in developing self-driving semi trucks
RE
10/27Waymo, Daimler to partner in developing self-driving semi trucks
RE
10/27U.S. ITC delays decision on LG Chem, SK Innovation trade secret case
RE
10/26U.S. ITC delays decision on LG Chem, SK Innovation trade secret case
RE
10/26PORSCHE AUTOMOBIL : Stuttgart prosecutors drop investigation into ex-Volkswagen ..
RE
10/26VOLKSWAGEN : First victory of the Audi R8 LMS in Super GT
AQ
10/26VOLKSWAGEN : Financial Services support NABU in the renaturation of the river Al..
AQ
10/26WALL STREET STOCK EXCHANGE : US companies under China sanctions, Many acquisitio..
More news
Financials
Sales 2020 216 B 254 B 254 B
Net income 2020 4 227 M 4 967 M 4 967 M
Net cash 2020 19 702 M 23 151 M 23 151 M
P/E ratio 2020 16,1x
Yield 2020 1,82%
Capitalization 68 266 M 80 788 M 80 217 M
EV / Sales 2020 0,22x
EV / Sales 2021 0,19x
Nbr of Employees 664 717
Free-Float 57,0%
Chart VOLKSWAGEN AG
Duration : Period :
Volkswagen AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VOLKSWAGEN AG
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 166,93 €
Last Close Price 132,00 €
Spread / Highest target 83,3%
Spread / Average Target 26,5%
Spread / Lowest Target -18,8%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter PŲtsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG-29.49%80 788
TOYOTA MOTOR CORPORATION-9.76%186 381
DAIMLER AG-4.68%59 582
GENERAL MOTORS COMPANY-4.67%49 931
BMW AG-15.96%46 930
HONDA MOTOR CO., LTD.-18.04%42 014