General Motors’ European department Opel is losing its top executive just as it plans to be acquired by France’s PSA Group, a move that could see the former Volkswagen manager rejoin the German leviathan. Karl-Thomas Neumann, 56, who restored Opel’s image and track record since taking the helm in March 2013, on Monday gave up
Battery maker LG Chem Ltd rejected a media report that it has signed a 7 trillion won ($6.20 billion) deal to provide electric vehicle batteries for Volkswagen. The DongA Ilbo reported on Tuesday that LG Chem would be the battery provider for Volkswagen’s Modular Electric Drive project. The report did not mention any direct sources.
Volkswagen’s U.S. unit stated it is naming a former Hyundai Motor executive, Derrick Hatami, to lead its sales and marketing operation. Derrick Hatami is joining Volkswagen US as executive vice president for sales and marketing. Hatami had been sales chief for Hyundai’s U.S. unit till recently and had formerly operated at Nissan Motor. Volkswagen is
Volkswagen on Tuesday stated almost 9,300 staff had agreed to an early retirement plan, helping the automaker to bring down costs. “We are rapidly approaching our target of 9,300 contracts signed. Workers who wish to take partial early retirement should make their decision by July 31,” Volkswagen’ board member for Human Resources Karlheinz Blessing stated.
Volkswagen UK is revealing the appointment of Geraldine Ingham as Head of Marketing. Geraldine joins the automaker today (5 June). Geraldine has a wealth of experience at the Nissan Renault Alliance, where she operated for the past twenty years, and brings her comprehensive knowledge of marketing, product development and management, planning and dealing with networks
Volkswagen’s distressed mass-market brand is pressing upmarket once again with a brand-new flagship design a year after ceasing the flopped Phaeton high-end saloon in a bid to raise margins and restore its post-dieselgate image. Volkswagen, traditionally understood for its range of useful saloons, hatchbacks and sport-utility vehicles (SUVs), on Wednesday revealed the new Arteon fastback
Volkswagen owned soccer team, Vfl Wolfsburg, deals with cost cuts next season after maintaining its place in Germany’s Bundesliga with success in a playoff on Monday night. VW subsidies its regional club Wolfsburg to the tune of about 90 million euros ($100 million) every season even as Europe’s most significant automaker faces billions of fines
California regulators stated Volkswagen’s budget on clean vehicle facilities had drawbacks and that it did not have details on how it would help disadvantaged communities as well as promote hydrogen fuel cell innovation. The remarks in a Wednesday letter from the California Air Resources Board to the automaker’s Electrify America come after criticism that the
Some Volkswagen managers are having a hard time to adapt to the German automaker’s drive to enhance accountability following its diesel emissions, its CEO stated, recommending it could take years to develop a new corporate culture. The effort by the world’s biggest automaker to become more transparent and decentralize power is seen by financiers as
Took no less than a year, but finally researchers discovered the mechanism that Volkswagen utilized to cheat emissions tests, buried in lines of code released on the automaker’s own website. A group of computer scientists at the University of California San Diego hauled through copies of the code, which operated on Volkswagen’s onboard computers for
Any prospective fines Fiat Chrysler Automobiles (FCA) might need to pay to settle a U.S. civil lawsuit over diesel emissions will unlikely top $1 billion, experts stated, including the case appeared less severe than at bigger competing Volkswagen. The United States government submitted a civil lawsuit on Tuesday accusing FCA of unlawfully utilizing software to
France’s customer fraud watchdog thinks Volkswagen made 22.78 billion euros ($25.65 billion) in sale proceeds on automobiles sold in the nation with unlawful defeat devices, according to Le Monde report.. Pointing out a file sent out to prosecutors by the DGCCRF anti-fraud firm, which has not been released, the French daily also reported findings that
Volkswagen and Anhui Jianghuai Automobile (JAC Motor) have gotten approval from Chinese regulators to form a joint venture to develop electric vehicles, the two companies stated on Monday. The National Development and Reform Commission (NDRC), China’s leading state organizer, provided a green light to JAC and Volkswagen to develop 100,000 pure battery electric vehicles yearly
The United States Environmental Protection Agency (EPA) and California Air Resources Board announced approval of a repair for about 84,000 older Volkswagen diesel automobiles that can produce excess emissions. Volkswagen, the world’s largest car manufacturer, agreed in 2015 to provide to buy back approximately 475,000 2.0-liter diesel vehicles that had been sold in the United
Volkswagen will probably select a new chief executive officer (CEO) from within the automaker’s own ranks, CEO Matthias Mueller told Handelsblatt. “I am presently in talks with the supervisory board about who could be my successor,” Handelsblatt quoted Mueller as saying. Mueller’s contract is not due to end till mid 2020, but the process of