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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

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Volkswagen : to Switch Deutsche Bahn Freight Transport to Green Electricity by 2021

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09/08/2020 | 12:49pm EDT

By Cecilia Butini

 

Volkswagen AG said Tuesday that its logistics subsidiary Volkswagen Group Logistics is planning to switch all of its freight transport managed by the German railway operator Deutsche Bahn AG to green electricity by the start of 2021.

The German car maker said the switch will cut more than 26,700 tons of carbon-dioxide emissions per year compared with the electricity mix normally in use. The company also plans to increase its railway transport up to 60% by 2022 from the current 53%, it said.

The green electricity provided by Deutsche Bahn comes from wind farms and hydropower plants, Volkswagen said.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
VOLKSWAGEN AG 1.06% 139.06 Delayed Quote.-21.10%
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Financials
Sales 2020 216 B 256 B 256 B
Net income 2020 4 250 M 5 035 M 5 035 M
Net cash 2020 19 702 M 23 339 M 23 339 M
P/E ratio 2020 16,9x
Yield 2020 1,76%
Capitalization 72 083 M 85 325 M 85 389 M
EV / Sales 2020 0,24x
EV / Sales 2021 0,20x
Nbr of Employees 664 717
Free-Float 57,0%
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 166,30 €
Last Close Price 139,06 €
Spread / Highest target 74,0%
Spread / Average Target 19,6%
Spread / Lowest Target -22,9%
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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