October 24, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Images of Ducati XDiavel

    Volkswagen gauges interest in Ducati brand as a prelude to possible sale

    Volkswagen is hosting initial talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people knowledgeable with the matter informed Reuters. During the five-year planning round, the company will review the future of its Ducati brand together with its super sports car brands […]

    Ducati
    Rimac C Two

    Volkswagen reportedly in talks to sell Bugatti to Croatia’s Rimac

    Volkswagen is in talks to sell its supercar brand Bugatti to Croatian businessman Mate Rimac, Manager Magazin said on Thursday citing individuals familiar with the talks. The sale to Mate Rimac will be discussed by Volkswagen’s committees this year, the report said. Bugatti, Mate Rimac and Volkswagen have refused to comment. Rimac was founded in […]

    Bugatti , Volkswagen
    navistar

    Navistar declines Traton’s buyout offer, calls it a starting point

    Navistar International on Monday turned down Volkswagen truck unit Traton‘s buyout offer of $43 per share, but said it was a starting point for finding out a possible transaction. The German automaker has raised its $35 per share January offer as it looks to boost its 16.6% stake in the U.S. truck maker Navistar acquired in […]

    Volkswagen
    herbert diess images

    Volkswagen not seeking a deal with Tesla, says CEO Herbert Diess

    Volkswagen’s CEO Herbert Diess on Monday sought to quell speculation that the world’s largest automaker, which is on its way to push for mass production of electric cars, has plans to develop deeper ties with start-up rival Tesla Inc. Diess met with Tesla’s CEO Elon Musk in Braunschweig, Germany, last week, and during his visit […]

    Tesla , Volkswagen
    QuantumScape logo

    Volkswagen backed QuantumScape to go public at $3.3 billion valuation

    QuantumScape said on Thursday it prepares to go public through a reverse merger with Kensington Capital Acquisition Corp KCAC.N with an enterprise value of $3.3 billion. QuantumScape is the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, It is a San Jose-based company is a 2010 spinout from Stanford University. The company said it […]

    Volkswagen
    Audi e-tron images

    Computing is the new horsepower, says Audi CEO

    Automakers that once competed mostly over the power of their engines are now striving over a much less tangible sort of power as they race to develop automated automobiles – computing. New Audi CEO Markus Duesmann is assembling a team of about 200 engineers in parent company Volkswagen Group for developing a new computer-driven vehicle […]

    Audi
    herbert diess images

    CEO Diess enjoys full support from supervisory board, says Volkswagen

    Volkswagen on Thursday moved to turn down rumours that CEO Herbert Diess had been sidelined by issuing an unsolicited declaration of support, after clashes with the company’s labor leaders who resisted plans for deeper cuts. “The most important message is that the supervisory board and executive committee … are in complete agreement that our CEO […]

    Volkswagen
    Volkswagen logo

    German court opens proceedings over Volkswagen labor pay

    A German court on Tuesday stated it had started proceedings against current and former Volkswagen managers, including management board members, on suspicion they awarded excessive pay to labor leaders in violation of fiduciary duties. Wasting corporate funds is a breach of fiduciary duty in Germany according to the law. A regional court located in Braunschweig, […]

    Volkswagen
    Amazon Web Services

    Volkswagen puts bets on Amazon-built ‘industrial cloud’

    Volkswagen AG is expanding its cloud-based software and data portal, intending to develop it into an industry-wide marketplace where business consumers can purchase and sell industrial applications, the automaker said on Thursday. VW’s “industrial cloud” was designed in collaboration with Amazon Web Services and eventually will link over 120 Volkswagen factories across the world to […]

    Volkswagen
    SK Innovation

    Legal case of Korean battery providers to Ford and VW turns into a fight for jobs

    South Korea’s rival battery-makers LG Chem and SK Innovation, who are the suppliers to leading automakers such as Volkswagen, Ford and General Motors, are caught in a growing row in the United States as the quest to produce jobs complicates an ongoing legal fight. Last year, LG Chem took legal action against smaller rival SK […]

    Etc.
    Audi 2019 e-tron

    Volkswagen centralizes group software development at Audi

    Volkswagen on Wednesday stated it was replacing software chief Christian Senger and moving the center of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where the automaker’s premium brand Audi is based. Senger, the present chief executive of Volkswagen Group’s Car.Software unit will be replaced by Dirk Hilgenberg, former senior vice president manufacturing […]

    Audi , Volkswagen
    Images of 2017 Audi R8 V10 Spyder

    Volkswagen to move center of software development to Audi

    Volkswagen will move leadership for software development to the company’s premium Audi division located in Ingolstadt, Bavaria, Herbert Diess, CEO of the multi-brand group stated on Tuesday. “The center of gravity for software development will move from Wolfsburg to Ingolstadt,” Diess said during a virtual conference hosted by PWC in Germany on Tuesday. This week […]

    Audi , Volkswagen
    Volkswagen brand logo

    Volkswagen labor chief sees no need for more cost cuts

    Volkswagen’s labor chief Bernd Osterloh has been telling analysts and investors the automaker has no need for deeper cost cuts in Germany. Existing cost decreasing measures, agreed in 2016, will be enough to help the company to deal with the coronavirus crisis, Osterloh said, according to an analyst note from MainFirst. “Osterloh stated that the […]

    Volkswagen
    Images of 2017 Audi R8 V10 Spyder

    Volkswagen will pay $267 million for Audi buyout

    Volkswagen will pay a 48% premium to buy out the small shareholders of premium division Audi, the premium division said on Tuesday. Volkswagen, which already holds 99.64% of Audi, declared the squeeze-out plans in February. “Volkswagen AG announced and specified that it has set the cash settlement to be paid to the small shareholders in […]

    Audi , Volkswagen
    Volkswagen brand logo

    Volkswagen begins development of climate projects for CO2 compensation

    German automaker Volkswagen and the project developer Permian Global have signed a Joint Development Agreement to create climate protection projects. Together with the support of Permian Global, the automaker will start developing climate protection projects to safeguard tropical forests in the second half of 2020. After successful verification, the avoided deforestation and restoration of endangered […]

    Volkswagen

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.