The Amarok picked gained a leading spot in 15 out of 16 judging criteria and was heavily praised for its mix of rugged styling and a smooth powertrain. The Volkswagen Commercial Vehicles pick-up truck was selected ahead of its rivals in the New Car Awards, voted for by more than 181,000, making it the largest […]
Volkswagen
Ford, Volkswagen to stay neutral on challenges to new vehicle emissions rules
Four major automakers will remain neutral by taking no position on legal challenges to the Trump administration’s decision to weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document read by Reuters. The Trump administration in March finalized a rollback of U.S. vehicle emissions standards to require […]
Volkswagen explores acquisition of French car rental group Europcar
German automaker Volkswagen is in talks to acquire French car rental firm Europcar Mobility Group SA, in a deal that would enable the automaker to better capitalize on its fleet, people knowledgeable with the matter said on Tuesday. The acquisition would come as Europcar is having a hard time to cope with the economic fallout […]
Two percent of Volkswagen’s Mexico staff test positive for coronavirus
Volkswagen‘s Mexican unit on Monday said about 2% of its workers tested positive for coronavirus. The automaker said these workers had contracted the disease at some point, underlining the challenge faced by automakers in resuming factories before the coronavirus pandemic has peaked in Mexico. Volkswagen last Tuesday started sending workers in reduced numbers back to […]
Volkswagen will pay $267 million for Audi buyout
Volkswagen will pay a 48% premium to buy out the small shareholders of premium division Audi, the premium division said on Tuesday. Volkswagen, which already holds 99.64% of Audi, declared the squeeze-out plans in February. “Volkswagen AG announced and specified that it has set the cash settlement to be paid to the small shareholders in […]
Volkswagen invests $200 million in battery company QuantumScape
Volkswagen is boosting its stake in U.S. company QuantumScape by up to $200 million to increase the development of solid-state battery technology that aims to increase the range of electric cars and shorten charging times, the German automaker said on Tuesday. The automaker added that plans for a pilot plant were expected to be firmed […]
Volkswagen expects unfavorable second-quarter, but sees hope for later period
Volkswagen expects a very unfavorable second quarter, but also sees a positive adjusted operating profit before special items for this year, Chief Financial Officer Frank Witter stated in an internal newsletter. The coronavirus crisis had caused results to deteriorate in the second quarter, the automaker said. “Nonetheless there is hope for the second half of […]
Volkswagen will start sending workers back to Mexican plant on Tuesday
Volkswagen‘s Mexican unit will start sending workers back to its plant in the central state of Puebla on Tuesday for “preparation and training eyeing a gradual start further ahead,” the automaker stated on Sunday. Puebla, where the German automaker and it’s luxury brand unit Audi have major plants, stated last week it is not ready […]
Volkswagen, Audi on hold as Mexican state Puebla won’t reopen
Puebla, a state in Mexico state, said it is not ready to reopen its automotive sector because of the ongoing increase of the coronavirus. Volkswagen and it’s luxury brand unit Audi have major plants in the state. Puebla’s Governor Miguel Barbosa signed a decree on Friday stating that the conditions for the return of the […]
Ford and Volkswagen aim for 8 million vehicles in van alliance
Ford Motor and Volkswagen AG said on Wednesday they would built up to 8 million units of medium pickup trucks and commercial vans over the lifecycle of the automobiles as part of an alliance announced in 2019. The alliance was forged in January 2019 and broadened later, as automakers join forces to invest in electric […]
Ralf Brandstaetter to become new CEO of Volkswagen
Volkswagen on Monday named Ralf Brandstaetter as the new CEO of its core Volkswagen car brand, replacing Herbert Diess, who retains his title as head of Volkswagen Group. The contenders who were expected to succeed Diess as head of the VW brand were Volkswagen’s Chief Operating Officer Ralf Brandstaetter and Porsche Chief Executive Oliver Blume. […]
Volkswagen CEO praises Musk’s SpaceX success to motivate top executives
Volkswagen CEO Herbert Diess evoked the historic rocket launch by rival electric automaker Tesla’s CEO Elon Musk to motivate top executives at the automaker as they seek to overcome the auto industry’s biggest market decline in decades, people familiar with the matter said. Musk’s Space Exploration Technologies has become the first private company to launch humans into […]
Volkswagen begins development of climate projects for CO2 compensation
German automaker Volkswagen and the project developer Permian Global have signed a Joint Development Agreement to create climate protection projects. Together with the support of Permian Global, the automaker will start developing climate protection projects to safeguard tropical forests in the second half of 2020. After successful verification, the avoided deforestation and restoration of endangered […]
Volkswagen thinking of more cost cuts to deal with crisis
Volkswagen thinking about more cost cuts to help cope with the economic impact of the coronavirus, a spokesman for the automaker said on Saturday. The issue was discussed just recently at an internal event, the spokesman stated, when asked about a report in industry magazine Automobilwoche. “There were general deliberations about what additional cost measures […]
Volkswagen expands executive committee of supervisory board
German automaker Volkswagen AG stated on Friday that it had added two members to the executive committee of its supervisory board. The new members include Hans Michel Piech, who is indirectly the largest individual shareholder in the automaker, and Bertina Murkovic, chair of the works council at Volkswagen’s commercial vehicles business. The appointments expand the […]
