Volkswagen is set to invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility located in western Germany and is looking forward to simplify the group
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German prosecutors are probing a possible breach of fiduciary duty by Volkswagen regarding bonus payments made to an executive who was suspended following automaker’s emissions cheating scandal. German automaker was
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
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
Volkswagen will decide if it makes sense to increase its stake in Chinese joint venture companies toward the end of 2019 or starting of next year, CEO Herbert Diess stated
Volkswagen prepares to cut an extra 5,000 administrative jobs at its namesake brand by 2023 as part of a cost-cutting strategy, German daily Handelsblatt reported, citing unnamed sources. The job
Volkswagen’s flagship VW brand missed its margin goal in last year as operating profits reduced despite growth in top-line revenues at the automaker, news weekly Spiegel reported on Friday, mentioning
Volkswagen shuffled management responsibilities at its main brand on Monday, freeing up CEO Herbert Diess to supervise the automaker’s radical strategy to mass produce electric vehicles. The German multi-brand car
The biggest threat to Volkswagen’s 2019 profit is possible tariffs from the United States, Chief Executive Herbert Diess informed the Financial Times. “It’s becoming tense once again,” Diess informed the
Volkswagen’s chief executive stated on Tuesday following a meeting at the White House that the German automaker was making an alliance with Ford Motor and might use the U.S. automaker’s
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