Volkswagen brand chief Herbert Diess is going to head up a volume brands division which consists of responsibility for Skoda and Seat, two sources knowledgeable about the matter stated on Thursday. The recently created volume brand group will also consist VW’s commercial-vehicle division, one of the sources informed. “Diess will get immense power,” he stated.
The truck units of Toyota and Volkswagen are forming an alliance to boost their market positions as commercial automakers face increasing costs to develop lower-emission automobiles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the recent in the international vehicle industry, where automakers look
Volkswagen is going to hold a meeting of its supervisory board on Thursday to make decision on a new chief executive, bringing forward the meeting that was earlier planned for Friday, a source with information of the matter said. The board is set to elect the head of the company’s core VW brand, Herbert Diess,
South Korea has prohibited the sale of 10 models of Nissan, BMW and Porsche automobiles after the automakers were discovered to have fabricated certification files, in the most recent fallout from the Volkswagen emissions scandal. The federal government revealed in August that it would prohibit all 10 models after performing an investigation into whether foreign
Volkswagen AG has actually accepted to pay as much as $15.3 billion (U.S.) to settle consumer suits and U.S. federal government claims that it utilized illegal software to beat emissions screening– while, in Canada, parties to class actions are expected to offer a progress report to the courts by July 29. “Our hope is to
The German automaker – are ready to take the automobile world by surprise with their extremely fuel efficient car in the form of the , which will be undergoing production in the next two years. Ferdinand Piech, the Chairman of VW group stated in an interview to Automotive News Europe on Tuesday at an event
Mercedes Benz proclaimed themselves of having surpassed Audi in its global monthly sales for the first time this year mainly on account of a resurgent demand in China. But the rise in sales, it seems, weren’t enough to topple BMW which continues to retain its top slot having sold 375 units more than Mercedes-Benz for