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Volkswagen Plans to Invest $4 billion for Digital Business
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Volkswagen AG has made the announcement to invest 3.5 billion euros (roughly $4 billion) by 2025 to build digital businesses and software, per Reuters. The new products under the plan include a platform based on a cloud computing technology for providing car sharing services.
German vehicle manufacturer Volkswagen is working on a new operating system software, to be named ‘vw.OS’. The new operating system is slated to be introduced in Volkswagen brand electric vehicles (EVs) from 2020 onward. The vehicles, embedded with the operating system, will have an entirely new electronic architecture, aimed at easing self-driving functions.
This automaker anticipates accruing roughly 1 billion euros in sales by 2025 by offering new digital services.The digital push includes embedding smartphone applications into car infotainment systems. The company also announced the plan to launch a car-sharing business — We Share — in Berlin, using a fleet of 2,000 electric cars in second-quarter 2019.
Volkswagen is the largest automobile manufacturer in Europe. Currently, the company has a long-term EPS growth rate of 5.9%. Over the past three months, shares of Volkswagen have outperformed the industry it belongs to. Over this time frame, shares of the company have increased 2.4%, whereas the industry inched up 1.2%.
Zacks Rank & Key Picks
Volkswagen currently has a Zacks Rank # 4 (Sell). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 65.5%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 7.1% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have gained 62%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
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Volkswagen Plans to Invest $4 billion for Digital Business
Volkswagen AG has made the announcement to invest 3.5 billion euros (roughly $4 billion) by 2025 to build digital businesses and software, per Reuters. The new products under the plan include a platform based on a cloud computing technology for providing car sharing services.
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German vehicle manufacturer Volkswagen is working on a new operating system software, to be named ‘vw.OS’. The new operating system is slated to be introduced in Volkswagen brand electric vehicles (EVs) from 2020 onward. The vehicles, embedded with the operating system, will have an entirely new electronic architecture, aimed at easing self-driving functions.
This automaker anticipates accruing roughly 1 billion euros in sales by 2025 by offering new digital services.The digital push includes embedding smartphone applications into car infotainment systems. The company also announced the plan to launch a car-sharing business — We Share — in Berlin, using a fleet of 2,000 electric cars in second-quarter 2019.
Volkswagen is the largest automobile manufacturer in Europe. Currently, the company has a long-term EPS growth rate of 5.9%. Over the past three months, shares of Volkswagen have outperformed the industry it belongs to. Over this time frame, shares of the company have increased 2.4%, whereas the industry inched up 1.2%.
Zacks Rank & Key Picks
Volkswagen currently has a Zacks Rank # 4 (Sell). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 65.5%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 7.1% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have gained 62%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>