Volkswagen is expanding its green strategy by making investments in EIT InnoEnergy, an EU-backed fund to jointly back technology companies in the field of energy transformation. The automaker said on …
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Volkswagen investments
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Volkswagen is boosting its stake in U.S. company QuantumScape by up to $200 million to increase the development of solid-state battery technology that aims to increase the range of electric …
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Germany’s MAN SE prepares to cut 1,400 jobs at its diesel-engine operations, aiming to increase savings by over 450 million euros ($506 million). The restructuring plan consists of streamlining internal …
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Volkswagen purchases Navistar stake for $256 million in trucks push
by SpeedLuxby SpeedLuxVolkswagen 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 …
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Volkswagen AG CEO Matthias Müller prepares to reveal a sweeping restructuring Thursday, the broadest overhaul of the automaker in years and part of the company’s effort to get rid of …
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Volkswagen To Construct $15.5 Billion Battery Factory In A Bid To Reposition Itself In Electric Vehicle Industry
by SpeedLuxby SpeedLuxWill Volkswagen offer Tesla a run for its cash with a planned EUR10 billion ($15.5 billion) battery factory that will reinforce its position in the electric vehicle market? The automaker …
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The Volkswagen Group is on the brink of speeding up its green automobile offensive. The Wolfsburg-based giant has revealed that its brands will offer around one million electrical and electrified …
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Volkswagen Invests $300 Million Into European Uber Competitor Gett
by SpeedLuxby SpeedLuxVolkswagen is the newest automaker giant to join ride-hailing. The company stated on Tuesday that it has actually invested $300 million in Israeli start-up Gett, a service similar to Uber, …