Volkswagen to spend 60 billion euro in e-mobility, digital tech by 2024

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Volkswagen plans to invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars along with digital technologies, the automaker stated on Friday. Volkswagen prepares to build 75 variants of electric cars and around 60 hybrid vehicle models, it stated. By 2029 around 26 million electric cars will be constructed, of which […]

Prosecutors seek charges against Volkswagen managers due to labor bonuses

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German prosecutors sought charges against a present Volkswagen manager along with a former manager and two former board members, alleging of them awarding works council members inflated incomes. The Braunschweig prosecutor stated that managers accountable for personnel issues stand alleged of a breach of fiduciary trust for awarding salary and bonus awards that caused damages […]

Volkswagen starts factory production of electric car which is ‘accessible to millions’

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The Volkswagen Group formally started series production of its ID.3 electric car this week, with the automaker aiming to become a world leader in the developing field of e-mobility. A ceremony, held at Volkswagen’s Zwickau plant, was visited by CEO Herbert Diess and German Chancellor Angela Merkel, as well as others. In a speech, excerpts […]

Volkswagen gets extension from U.S., auditor to comply with diesel settlement terms

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Volkswagen stated on Thursday it has been granted 90 more days to test its compliance programs needed under a criminal plea agreement with the U.S. government after its emissions cheating scandal. The extension indicates that an independent compliance auditor, Larry Thompson, will monitor the automaker until September 2020. Thompson, a former deputy U.S. attorney general, […]

Ford partners with Volkswagen, Amazon to build charging network for cars

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Ford Motor stated on Thursday it was collaborating with Volkswagen AG and Amazon.com to give its future electric car consumers a range of charging options from highways to homes. The network of charging stations are going to be the largest in North America with 12,000 locations and over 35,000 charge plugs, Ford stated. The No. […]

Court strikes down ruling forcing Volkswagen to pay Czech consumers damages

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The Prague City Court ruled on Thursday to strike down an order for Volkswagen to pay Czech consumers over 500 million crowns ($21.27 million) in damages for the Dieselgate affair, news website www.idnes.cz reported. It stated the court invalidated a lower court decision on procedural grounds and sent the case back to the lower court […]

Volkswagen turns down judge’s call to settle German class action on emissions

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Volkswagen this week rejected a German judge’s call to settle a customer class action lawsuit that concerns its rigging of diesel emissions tests, stating there was no case to answer. VW admitted utilizing illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it over $30 billion in vehicle refits, […]

Volkswagen CEO, chairman to stay in office regardless of charges

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Volkswagen’s CEO and chairman will continue to stay in office, the company’s supervisory board stated on Wednesday, a day after German prosecutors brought charges against them for their role in a diesel emissions scandal. The automaker’s supervisory board has not found any evidence that CEO Herbert Diess and Chairman Hans Dieter Poetsch were really late […]

Volkswagen considers bringing ride-hailing services to African roadblocks

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Volkswagen’s Africa boss Thomas Schaefer is placing a $50 million bet on a new business built around ride-hailing and car-sharing in Africa. VW is using Rwanda as its laboratory. “It was almost an industrial experiment,” Schaefer informed Reuters. The German automaker’s project was released with some fanfare last December in Kigali – the capital and […]

Volkswagen to deepen alliances with battery suppliers

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Volkswagen is going to create joint ventures and help finance battery production to persuade skeptical cell providers to back its aggressive push for mass-producing electric vehicles, board member Stefan Sommer informed Reuters. VW has stated it will purchase 50 billion euros ($56.57 billion) worth of battery cells and has identified Sweden’s Northvolt, South Korea’s SKI, […]