Volkswagen AG (VOW.DE)

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Instrument Summary

Volkswagen Group is one of the largest automobile manufacturers and sellers in the world, operating 12 brands from seven European countries, from economy models to the top of luxury. In addition to its flagship VW brand, the group also includes Audi, Bentley, Bugatti, Lamborghini and Porsche. Founded in 1937, the company is headquartered in Wolfsburg, Germany, and its ticker symbol is VWAGY.[1]

In fiscal 2020, Volkswagen delivered 9.3 million vehicles, a decrease of 15.2% from 11.0 million the year earlier, which the company attributed "almost exclusively to the COVID-19 pandemic."[2] Sales revenue fell 11.8% to €222.9 billion from €252.6 billion, which reduced profit by 20.8% to €38.9 billion, down from €49.1 billion one year earlier. Including its Chinese joint ventures, the company employed an average of 665,445 people in fiscal year 2020.[2]

The company's ticker symbol is VOW.

Shares

Trading share CFDs with FXCM allows you to use only a fraction of the capital to go long or short without having to own the physical share. Trade top international share CFDs with low margin requirements and costs.

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References

1

Retrieved 22 Apr 2021 https://www.volkswagenag.com/en/group.html

2

Retrieved 22 Apr 2021 https://annualreport2020.volkswagenag.com/

References

1

Retrieved 22 Apr 2021 https://www.volkswagenag.com/en/group.html

2

Retrieved 22 Apr 2021 https://annualreport2020.volkswagenag.com/

Disclosure
*

When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

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