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 […]

Volkswagen resumes deliveries of Golf 8 after fixing a glitch

Volkswagen Golf 8

Volkswagen is restarting deliveries of its Golf 8 model after repairing a software glitch, a spokesman stated on Thursday. The German automaker stopped deliveries of the popular model last month after finding the problem in the software, which allowed emergency calls, a function required by E.U. regulations since 2018. Union officials had criticized the defect […]

U.S. court declines to shield Volkswagen in diesel scandal lawsuits

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A U.S. appeals court ruled on Monday that German automaker Volkswagen AG cannot escape possible financial penalties from two counties in Florida and Utah that may amount to a “staggering” extra liability arising from the automaker’s diesel emissions scandal. The unanimous ruling made by a three-judge panel of the 9th U.S. Circuit Court of Appeals, […]

Volkswagen board officially agrees with Ford alliance projects

Volkswagen and Ford

Volkswagen stated on Thursday its supervisory board had accepted several projects in a multibillion-dollar alliance with Ford Motor that was first declared last July. The German automaker said various contracts between the two automakers were nearing completion and would be signed soon. Among the shared projects specified by Volkswagen include a midsize pickup to be […]

IG Metall alleges Volkswagen’s management of putting jobs at risks

IG Metall

Germany’s biggest labor union IG Metall has criticized Volkswagen on Thursday for a recent advert deemed racist and other “errors”, over management which had damaged the automaker’s reputation and put jobs at risk. The IG Metall union, in an open letter to the automaker’s management and supervisory boards, stated it was shocked by the advert […]

Volkswagen in final talks to seal biggest M&A deals in China electric vehicle sector

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German automaker Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle companies, two sources said, as the German automaker speeds up its push into the world’s largest auto market for eco-friendlier cars. The firm is poised to purchase 50% of Anhui Jianghuai Automobile Group Holding, the parent of […]

Volkswagen Mexico won’t talk of resuming the plant while state decree in place

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German automaker Volkswagen stated on Monday it had fulfilled federal requirements to restart production in Mexico but would not make declarations about renewing operations as long as a decree in the state of Puebla remains in effect. The government of Puebla, where the automaker and its luxury brand unit Audi have major plants, stated on […]