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VWAGY INVESTOR NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Volkswagen AG Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm

VWAGY INVESTOR NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Volkswagen AG Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm
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NHTSA Says Volkswagen Must Buy Back These Vehicles

NHTSA Says Volkswagen Must Buy Back These Vehicles Modifications to Vehicles Made Them Noncompliant Vehicles that do not meet all regulatory requirements may have an increased risk of injury, crash, or fire. NHTSA Campaign Number: 21V321000 Components UNKNOWN OR OTHER Summary Volkswagen Group of America, Inc. (Volkswagen) is recalling certain 2017 Touareg GP, Tiguan, Golf A6, E-Golf GP, CCF, 2016-2017 Passat GP, 2018-2019 Golf R GP, and 2018 Atlas vehicles. These internal-use vehicles were sold without confirmation that they were built to all applicable regulatory requirements and may have been modified prior to sale. As such, these vehicles may fail to comply with the requirements of various Federal Motor Vehicle Safety Standards.

QuantumScape and Volkswagen to select location for solid-state battery JV pilot-line facility; 1GWh to start

QuantumScape and Volkswagen to select location for solid-state battery JV pilot-line facility; 1GWh to start Solid-state battery developer QuantumScape Corporation (earlier post) has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. The companies currently contemplate Salzgitter, Germany for the location. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. Our goal has been to bring our solid-state lithium-metal batteries to market as soon as possible. This joint venture brings together QuantumScape’s core battery technology with Volkswagen’s deep understanding of high-volume, high-quality production, and maximizes our ability to bring this technology into indu

Volkswagen, AG Investors: Last Days to Participate

It is alleged in this complaint that Volkswagen made misleading and false statements to the market. Volkswagen and Volkswagen Group of America, Inc. had never planned to use Voltswagen in any form, including as the name of vehicle. Volkswagen misled the general public and the media in regard to the Voltswagen name that it claims was either a promotion or a joke. Based on these facts, Volkswagen’s public statements were materially misleading and false throughout the class period. When the market learned the truth about Volkswagen, investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2021.

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