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<blockquote data-quote="Weather Man" data-source="post: 16593613" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3673431-investors-love-volkswagens-expansion-plans-push-adrs-up-another-10" target="_blank">Investors love Volkswagen's expansion plans, push ADRs up another 10%</a></p><ul> <li data-xf-list-type="ul">Volkswagen's (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) U.S.-listed shares have soared nearly 17% over the past two days to score their highest in more than two-and-a-half years following <a href="https://www.reuters.com/article/us-usa-retail-trading-volkswagen/retail-investors-accelerate-volkswagens-u-s-share-spike-idUSKBN2B82XG" target="_blank">well-received announcements</a> on its efforts to overtake Tesla in the electric vehicles market.</li> <li data-xf-list-type="ul">Today's volume in the ADRs totaled nearly 12x the 90-day average, while volume in the company's preferred shares, which comprise its main class of stock, totaled ~2.5x.</li> <li data-xf-list-type="ul">Volkswagen's ordinary stock in Germany, which unlike the preferential class of shares is tied to the ADRs, gained 15.5% in the two sessions.</li> <li data-xf-list-type="ul">At its <a href="https://seekingalpha.com/news/3672692-volkswagen-quantumscape-rally-after-vws-battery-day-event" target="_blank">battery day event yesterday</a>, Volkswagen unveiled plans to build six battery cell plants in Europe, said it aimed to more than double deliveries of electric vehicles this year, and reiterated its goal to cut battery costs by up to 50% in standard cells.</li> <li data-xf-list-type="ul">CEO Herbert Diess told Reuters he <a href="https://www.reuters.com/article/us-volkswagen-results/electric-ambitions-drive-volkswagens-market-value-towards-150-billion-idUSKBN2B80J2" target="_blank">believes Volkswagen is worth €200B</a>, and the company would not need potential a listing for the Porsche luxury division given the unit's importance to group turnaround efforts.</li> <li data-xf-list-type="ul">The automaker confirmed it is aiming for an operating margin of 7%-8% by 2025, adding it expects to end 2021 at the upper end of a 5%-6.5% target range.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16593613, member: 137766"] [URL='https://seekingalpha.com/news/3673431-investors-love-volkswagens-expansion-plans-push-adrs-up-another-10']Investors love Volkswagen's expansion plans, push ADRs up another 10%[/URL] [LIST] [*]Volkswagen's ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) U.S.-listed shares have soared nearly 17% over the past two days to score their highest in more than two-and-a-half years following [URL='https://www.reuters.com/article/us-usa-retail-trading-volkswagen/retail-investors-accelerate-volkswagens-u-s-share-spike-idUSKBN2B82XG']well-received announcements[/URL] on its efforts to overtake Tesla in the electric vehicles market. [*]Today's volume in the ADRs totaled nearly 12x the 90-day average, while volume in the company's preferred shares, which comprise its main class of stock, totaled ~2.5x. [*]Volkswagen's ordinary stock in Germany, which unlike the preferential class of shares is tied to the ADRs, gained 15.5% in the two sessions. [*]At its [URL='https://seekingalpha.com/news/3672692-volkswagen-quantumscape-rally-after-vws-battery-day-event']battery day event yesterday[/URL], Volkswagen unveiled plans to build six battery cell plants in Europe, said it aimed to more than double deliveries of electric vehicles this year, and reiterated its goal to cut battery costs by up to 50% in standard cells. [*]CEO Herbert Diess told Reuters he [URL='https://www.reuters.com/article/us-volkswagen-results/electric-ambitions-drive-volkswagens-market-value-towards-150-billion-idUSKBN2B80J2']believes Volkswagen is worth €200B[/URL], and the company would not need potential a listing for the Porsche luxury division given the unit's importance to group turnaround efforts. [*]The automaker confirmed it is aiming for an operating margin of 7%-8% by 2025, adding it expects to end 2021 at the upper end of a 5%-6.5% target range. [/LIST] [/QUOTE]
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