Volkswagen AG (Pfd) (VOW3)

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Volkswagen AG (Pfd) (VOW3) Profile

Volkswagen AG (Pdf) (VOW.xetr) is a German multinational automotive manufacturing corporation headquartered in Lower Saxony, Germany. Volkswagen AG is owned by Porsche SE, which holds a stake of 53.3% of the company’s ordinary shares. VOLKSWEN designs and manufactures passenger vehicles, trucks, and light commercial vehicles, including buses. The Volkswagen Group comprises twelve brands, including Volkswagen, Audi, SEAT, Ã… KODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, and Volkswagen commercial vehicles, Scania and MAN. Volkswagen AG is currently the leading automobile manufacturer by revenue globally with $254.1B (USD). Approximately 2.8 million vehicles were sold in 2020, down from 3.4 million units in 2019. Following its 'Emissiongate' scandal, Volkswagen AG has suffered, among others, the loss of its credibility, over $20B (USD) in fines and legal settlements in numerous countries, recall and reparation of over 11 million vehicles, criminal charges for corporate crimes and loss of customers to Toyota and Honda. Since then, Volkswagen AG eliminated approximately 30.000 jobs worldwide. (Pdf) (VOW.xetr) is traded as a component of the DAX Index on the Frankfurt Stock Exchange (FWB) and has a market cap of $124.2B (USD). Most recently, Volkswagen AG secured a controlling 75% stake in a venture with China's JAC. The decision has rattled Volkswagen's other Chinese partners, SAIC Motor and FAW, which want the German group to commit more models to their ventures.

Volkswagen AG (Pdf) (VOW.xetr): Trade a Contract for Difference (CFD) on VOW.xetr and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

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Volkswagen AG (Pfd) (VOW3) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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