Tag: Volkswagen

February 21, 2024

Back in December, German automaker Volkswagen announced that a self-commissioned audit of its factory in China’s Xinjiang region had found “no indication” of forced labor there. Then, last week, VW announced it was in discussions with one of its main […]

May 8, 2023

Volkswagen Chief Executive Officer Oliver Blume named a company insider to head the automaker’s struggling software unit as part of a broader overhaul of how the company develops the software for its cars, VW said on Monday. Mr. Blume put […]

January 6, 2023

U.S. electric-vehicle sales leapt by two-thirds in 2022 while the broader auto market contracted, newly released year-end figures show, as fresh plug-in models from traditional auto makers whittled away at EV juggernaut Tesla Inc.’s lead. Auto makers sold 807,180 fully […]

November 30, 2022

Auto makers in China including Volkswagen AG VOW 0.74% and Honda Motor Co. HMC -0.08% have halted production at some plants as authorities persist in using strict measures to control Covid-19 outbreaks. Volkswagen has suspended production at its Chengdu plant […]

September 6, 2022

Volkswagen AG VOW 4.08%▲ said Monday that it would list its iconic sports car maker Porsche AG POAHY 0.57%▲ in one of the biggest initial public offerings in years and a crucial test of investors’ confidence as high inflation and […]

June 29, 2022

Volkswagen AG VOW -0.89%▼ has agreed to sell a minority stake in its U.S. electric-vehicle charging business to Siemens AG, SIEGY -1.05%▼ in a transaction that provides $450 million in new money and values the charging network at $2.45 billion, […]

November 4, 2021

Volkswagen AG Chief Executive Herbert Diess pledged to build a future electric vehicle at the company’s flagship German plant in a bid to head off an escalating conflict with VW’s powerful labor leaders that has thrust the firm’s future into […]

October 25, 2021

Volkswagen is taking a further step in the direction of fully networked factories. A local 5G standalone network (‘campus network’) is now available at its main plant in Wolfsburg that initially covers the main production development center and the pilot […]

October 6, 2021

Volkswagen will extend a production stop at one of its segments in a plant at the central state of Puebla that produces the Jetta model from Oct. 6 to 15, a labor union document showed on Tuesday. It comes as […]

March 18, 2021

BERLIN—Investors are piling into a long-neglected sector: old-school car makers that are reinventing themselves as electric-vehicle producers. After years lamenting that their shares were undervalued, Ford Motor Co. , General Motors Co., Volkswagen AG and other blue-chip car manufacturers are […]

March 17, 2021

The U.S. stock-market craze for all things to do with electric vehicles is showing its first signs of crossing the Atlantic. Volkswagen ’s preference stock, the form of VW equity traded by most investors, has risen 16% this week to […]

February 16, 2021

Reuters quotes a company executive saying: “We have communicated our demand early on. We have passed on our forecasts which have confirmed that demand. If suppliers do not trust our numbers and consult their own forecasts, we should have been […]

December 23, 2020

Volkswagen AG CEO Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor Corp. “We look forward to new competitors who will certainly accelerate the […]

December 8, 2020

A shortage of certain chips may start to have a big impact on vehicle production at some Chinese companies in the first quarter next year, a senior industry executive said on Tuesday, which may cast a shadow over the global […]

September 23, 2020

Volkswagen AG will leverage its global footprint to profitably produce a new all-electric SUV called the ID.4. The vehicle, which will be produced at five factories on three continents, targets mainstream buyers, starting at $39,995 when it arrives in U.S. […]

September 11, 2020

Manufacturing is one of the biggest industries in the world. From food and furniture to packaging and cars, almost all of the items we use on a daily basis have been manufactured by somebody – so it’s no surprise that […]

August 25, 2020

The 9th U.S. Circuit Court of Appeals said it won’t revisit its June decision that would allow two counties to seek potentially billions in penalties from Volkswagen for violation of their laws prohibiting tampering with emission-control systems. VW plans to […]

July 8, 2020

FRANKFURT — Audi’s new CEO, Markus Duesmann, plans to seize the deepest industry slump in decades to make the automaker nimbler and restore its technological edge after five years of management turmoil. Duesmann intends to review Audi’s product lineup and […]

June 22, 2020

BEIJING — China reclassified gasoline-electric hybrid vehicles on Monday so they get more favorable treatment than gasoline or diesel counterparts under new clean vehicle rules, making it easier for automakers to meet environmental quotas and offer more choice to consumers. […]

June 16, 2020

BERLIN — Volkswagen Group is increasing its stake in American battery company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the […]