Volkswagen purchases WirelessCar for $122 million


Volkswagen (VW) is purchasing a controlling stake in Volvo’s WirelessCar, a digital service developer skilled in connected driving, for 1.1 billion Swedish crowns ($122 million), the companies stated on Wednesday. The automaker said WirelessCar technology would further its mission of developing value-added services for consumers by allowing safe and stable data exchange between operating systems […]

Volkswagen expects to be the most profitable electric automaker

Volkswagen logo

Volkswagen CEO Herbert Diess on Friday stated he expected the multi-brand automaking group to be the most profitable manufacturer of electric cars due to economies of scale. Even first generation vehicles, which start presenting production lines next year, are expected to make a positive impact to Volkswagen Group’s automotive margin, Diess stated. Diess further said […]