Ford, Volkswagen to stay neutral on challenges to new vehicle emissions rules

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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 […]

Two percent of Volkswagen’s Mexico staff test positive for coronavirus

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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 expects unfavorable second-quarter, but sees hope for later period

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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 CEO praises Musk’s SpaceX success to motivate top executives

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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

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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

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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

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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 […]