Stock of the Week: Volkswagen

Dominant European manufacturer is hoping to take on Tesla, sell high-end cars to Asia's super rich, and put Dieselgate behind it

James Gard 19 March, 2021 | 11:04AM
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Stock of the Week

Car makers are the focus of the latest stock of the week and German manufacturer Volkswagen (VOW3) has beaten its rivals to poll position. With many countries bringing forward bans on petrol and diesel cars, automotive companies are in a rush to increase the number of EVs they make and persuade customers to pay more to go green.

Lockdown and increased environmental awareness have made life harder for car makers in the developed world but in emerging markets like China at least, there appears to be rising demand for electric vehicles. European car makers, meanwhile, have the task of taking on Tesla (TSLA), which became the biggest car company in the world in 2020.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk

 

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