Volkswagen China chief in talks with five potential battery cell providers
Volkswagen wants to expand its base of battery cell providers in China beyond CATL and is in talks with five companies to see if they can meet quality and volume requirements for the multi-brand group. “We are collaborating with five battery cell suppliers qualifying them to group level. With one or two of them it
- Published in Volkswagen
Volkswagen’s Slovak unit pledges to boost efficiency
Volkswagen’s Slovak unit vowed on Wednesday to boost efficiency by 30 percent by 2020 to get ahead of the company-wide savings drive as it looks forward to raise its competitiveness within the group. The country’s biggest auto plant and largest private sector employer has experienced investment of 2.8 billion euros ($3.16 billion) since 2010 however
- Published in Volkswagen
UAW gives up smaller Volkswagen unit in order to unionize Tennessee plant
The United Auto Workers (UAW) union is giving up its bid to force Volkswagen of America Inc to bargain with a group of skilled trade employees at its Chattanooga, Tennessee vehicle plant as it looks forward to unionize all the employees at the factory. The UAW on Monday moved to withdraw a case that has
- Published in Volkswagen
Volkswagen CEO says he is “not among the accused” probed for fraud
Volkswagen’s CEO Herbert Diess stated he was not one of the Volkswagen executives being investigated for fraud and breach of fiduciary trust after German prosecutors on Monday sought to push criminal charges against his predecessor. “I am not among the accused. I do not expect to be charged,” Diess stated on the sidelines of a
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Volkswagen pushes battery partners to construct Gigafactories
Volkswagen is pushing its joint venture partners consisting of SK Innovation (SKI) to construct electric car battery plants which have at least one Gigawatt manufacturing capacity, CEO Herbert Diess informed Reuters. “Anything below that amount would make little sense,” Diess stated on the sidelines of the Shanghai Auto Show on Sunday. Volkswagen will purchase 50
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Volkswagen expects core brand’s worldwide 2019 sales to be same as last year
Volkswagen expects worldwide sales of its core brand this year to be matched with the 6.24 million mark that it gained in 2018 even though China sales dropped in the first quarter, the company stated on Monday. “We expect sales in the Chinese market to be on the same level as last year. Worldwide we
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Ex-Volkswagen CEO Winterkorn charged over diesel emissions scandal
Martin Winterkorn has been charged over his involvement in the company’s diesel emissions scandal. The public prosecutor in Braunschweig charged former Volkswagen CEO Martin Winterkorn and four other managers with alleged fraud. Volkswagen stated it would not discuss the indictments. Winterkorn is currently facing criminal charges in the US, but is not likely to face
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Volkswagen to take on Tesla X in China with electric SUV
Volkswagen plans to construct a completely electric sports utility vehicle (SUV) for China from 2021, competing with the Chinese market leader Tesla’s Model X as the German automaker ramps up production of zero-emissions vehicles. The planned new SUV is the recent move in Volkswagen’s aggressive growth strategy in China, where electric cars are provided preferential
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Volkswagen Faces Lawsuit For Selling Prototypes Unfit For The Road
A lawsuit filed by three car purchasers last month in Federal District Court in Alexandria, Va., alleged the Volkswagen of defrauding consumers by selling early prototypes not certified for sale by regulators. The suit contends that the automaker concealed such details from dealers and customers. The case is based in part on internal emails that
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JAC Motors has not held talks with Volkswagen
JAC Motors stated on Thursday it had not held conversations with Volkswagen AG, after Reuters reported that the German automaker was interested in taking a stake in its Chinese electric vehicle joint venture partner. “The company and Volkswagen have not carried out formal business discussions on the matters mentioned in the news reports nor does
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SK Innovation in talks to set up JVs with Volkswagen, and others
SK Innovation is in talks to establish separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the petrochemicals producer progressively expands its contributions in electric vehicles (EVs). The company verified talks with Germany’s Volkswagen for the first time, informing Reuters the pair were talking about building a factory together. It also stated it
- Published in Volkswagen
EU alleges German automakers of colluding to delay clean air technology
Germany’s automakers have been alleged by the European Union of collusion in holding back technology to decrease harmful emissions from vehicles. The European Commission stated Friday that Volkswagen, BMW and Daimler broke antitrust regulations by acting together to postpone the introduction of two emissions cleaning systems between 2006 and 2014. Margrethe Vestager, the bloc’s top
- Published in BMW, Volkswagen
Volkswagen and Ford to develop pickup truck
Volkswagen has signed a deal to develop a pickup truck with Ford Motor and continues talks about expanding its alliance to include autonomous driving and mobility services, the German automaker stated on Thursday. In June, VW and Ford stated they were in discussions to develop a range of commercial vehicles, later extending the talks to
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Volkswagen in talks to purchase stake in Ford’s Argo unit
Volkswagen has signed a deal to develop a pickup truck with U.S. competitor Ford and carries on discussions about extending its alliance to consist autonomous driving and mobility services, the German automaker stated. In June 2018 VW and Ford revealed they were in discussions to jointly develop a range of commercial vehicles and later expanded
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Volkswagen not interested in any tie-up with Fiat Chrysler says CEO
Volkswagen is not interested in a tie-up with competitor Fiat Chrysler as the German automaker’s efforts were all focused internally, CEO Herbert Diess informed Il Sole 24 Ore and other two newspapers. Asked if Volkswagen was interested in Fiat Chrysler’s premium brands like Alfa Romeo and Maserati, Diess stated VW group “already owns luxury brands”.
- Published in Chrysler, Fiat, Volkswagen