Hermes EOS opposes election of Volkswagen supervisory board candidates

Volkswagen logo

Shareholder adviser Hermes EOS stated on Wednesday it had recommended clients vote against the election of two candidates to the supervisory board of automaker Volkswagen and called for an evaluation of the company’s corporate culture. Hermes, which helps guide the voting choices of pension funds and others with 336.1 billion pounds ($458 billion) in assets, […]

Volkswagen in talks to form joint venture with Didi Chuxing

Didi Chuxing logo

Volkswagen is in talks to establish a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of vehicles and assist with development of “purpose-built” vehicles for Didi’s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, anticipated to be signed early next month, the German automaker […]

Porsche considers production hike for electric vehicles as diesel sputters

Porsche 911

Sportscar maker Porsche AG might boost annual production capacity of its Mission E model beyond 20,000 vehicles and decide shortly about whether to electrify its Macan sports energy model, board member Detlev von Platen informed Reuters. The Stuttgart-based automaker, which is owned by Volkswagen Group, stated it expects to double its investment in hybrid and […]

Volkswagen board discusses 82 billion dollar spending plan

Volkswagen brand logo

Volkswagen‘s supervisory board is talking about a five-year spending plan amounting to over 70 billion euros ($82.5 billion) to become leader in electric cars, an individual knowledgeable about the talks informed Reuters. The board is anticipated to accept the capital and development spending targets on Friday, the individual said. The investments will likely be made […]

Volkswagen To Electrify Versions Of Its Whole Lineup By 2030

Volkswagen I.D. concept

Several high-end automakers recently revealed strategies to boost production of hybrid and electric vehicles, or even electrify their whole lineups. But those strategies will be overshadowed by Volkswagen‘s electrification push. During its media night prior the 2017 Frankfurt Motor Show, the Volkswagen Group revealed that will electrify not just the primary VW brand, but every […]

Tata, Volkswagen and Skoda Agrees on MoU for joint development projects

Bernhard Maier, CEO of Skoda Auto, Matthias Müller, CEO of Volkswagen AG and Guenter Butschek, CEO & Managing Director of Tata Motors

Tata Motors has announced the finalizing of a Memorandum of Understanding (MoU) for a long-lasting collaboration with Volkswagen Group and Skoda Auto, to check out tactical alliance opportunity for joint advancement of products. The contract has been signed by Guenter Butschek, CEO & MD of Tata Motors, Matthias Mueller, CEO of Volkswagen AG and Bernhard […]