Tag: VW

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 […]

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 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 […]

July 23, 2021

The auto industry’s push into electric vehicles has gained traction this year with sales of these models growing at a faster clip than the broader U.S. car business. While still a sliver of the overall market, sales of plug-in vehicles […]

June 22, 2021

Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even […]

May 6, 2021

Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter. Operating return on sales is forecast at 5.5% 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 […]

January 28, 2021

Toyota overtook Volkswagen Group to become the world’s top-selling automaker in 2020 as the slump in demand caused by the coronavirus pandemic hit VW harder. It was the first time Toyota clinched the position in five years. Toyota’s 2020 group […]

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 […]

November 20, 2020

Jaguar Land Rover filed a complaint on Thursday to block U.S. imports of Porsche, Lamborghini, Audi and VW crossovers it says are using its patented Terrain Response technology without permission. JLR, owned by India’s Tata Motors, said in its filing […]

November 13, 2020

Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the […]

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. […]

August 26, 2020

Volkswagen Group plans to roll out its first fleet of self-driving test cars in Hefei, an eastern Chinese city that’s emerging as a hot spot for the nation’s electric vehicle ambitions. Ten Audi E-trons, VW’s premium electric crossover model, will […]

July 14, 2020

BEIJING — Volkswagen Group and its Chinese joint venture partner, SAIC Motor, plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi A7L sedans, according to a government document seen by […]

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 […]

June 8, 2020

FRANKFURT — Volkswagen Group named Ralf Brandstaetter as VW brand CEO, promoting him from his current role as the brand’s COO. The change — effective July 1 — means that VW Group CEO Herbert Diess gives up his role as […]

April 20, 2020

Germany’s auto industry and senior politicians are stepping up calls for another scrappage program — known in the U.S. as cash for clunkers — to revive demand after the coronavirus crisis as Volkswagen and Daimler gradually restart output in European […]

February 18, 2020

Volkswagen Group has postponed restarting production of VW and Skoda vehicles built by its highly profitable SAIC-VW Chinese joint venture by a further week. The move is a precautionary measure taken to prevent the further spread of the novel coronavirus. […]

December 19, 2019

WOLFSBURG — Volkswagen brand plans to launch 34 new models and derivatives next year including electrified cars to lower emissions as stringent new CO2 reduction targets are phased in by the European Union. The ID3 battery-powered compact hatchback will go […]

November 12, 2019

FRANKFURT — Two former Volkswagen management board members and two other managers were charged by German prosecutors for paying too much to labor representatives. The men were charged with breach of trust for overpaying several members of the automaker’s works […]