Volkswagen assigns $25 billion in battery orders for electric vehicles

Volkswagen logo

Volkswagen has selected partners to provide battery cells and associated technology worth around 20 billion euros ($25 billion) for its growing electric vehicle program, including additional pressure on U.S. pioneer Tesla. Till its “dieselgate” emissions scandal was revealed two and a half years earlier, Europe’s largest automaker had been slow to welcome electric vehicles. But […]

Volkswagen CEO rejects price fixing by German automakers

CEO Matthias Mueller

German automakers being investigated over possible collusion did not take part in cost fixing or a prohibited cartel, Volkswagen’s CEO Matthias Mueller stated on Wednesday. European Union antitrust personnel have raided Volkswagen, Daimler and BMW as part of an investigation if they conspired to fix prices in diesel and other technologies over numerous decades. “I […]