Toyota’s Hino, Volkswagen’s truck form alliance to cut R&D costs

Toyota Hino truck

The truck units of Toyota and Volkswagen are forming an alliance to boost their market positions as commercial automakers face increasing costs to develop lower-emission automobiles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the recent in the international vehicle industry, where automakers look […]

Volkswagen to develop electric trucks and buses in $1.7 billion technology drive

Volkswagen logo

Volkswagen AG is going to invest 1.4 billion euros ($1.7 billion) in new technologies consisting of electric trucks and buses by 2022, VW’s trucks chief Andreas Renschler stated. The money will go toward electric drives, autonomous automobiles and cloud-based systems, he stated on the sidelines of a business event on Wednesday. He likewise said a […]

Cultural change after diesel crisis takes time, says Andreas Renschler

Andreas Renschler

Volkswagen is a “second mover” in electric commercial vehicles, after lagging companies including Tesla and Deutsche Post DHL in putting them on the road, the head of VW’s trucks business stated. He stated Volkswagen had emissions-free options to conventional trucks and buses on offer. “Cultures are not changed overnight,” German newspaper Tagesspiegel quoted Andreas Renschler […]

Volkswagen trucks department focuses on strong profitability gain this year

Volkswagen trucks

Volkswagen‘s truck division intends to substantially boost its success this year as deepening cooperation in between the MAN and Scania brand names and enhancing abroad markets stimulate service, it stated on Monday. Volkswagen introduced a new truck & bus division in 2015 to take on worldwide competitors Daimler and Volvo. VW is targeting a long-lasting […]

Volkswagen purchases Navistar stake for $256 million in trucks push

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Volkswagen has concurred an engine innovation and buying alliance with truckmaker Navistar, and will purchase a 16.6 percent stake in the United States firm for $256 million, as worldwide truck makers face high development costs to satisfy international anti-pollution rules. The deal is anticipated to assist both sides cut expenses, give Volkswagen’s trucks business a […]

Volkswagen to back U.S. trucks deal, despite dieselgate

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Volkswagen plans to make an acquisition for its trucks in North America if the best opportunity occurs, regardless of the increasing expense of its “dieselgate” emissions cheating scandal, the head of the trucks division informed Reuters. Andreas Renschler stated his primary focus stayed on deepening cooperation in between Volkswagen’s truck brands – MAN and Scania […]