CEO Diess enjoys full support from supervisory board, says Volkswagen

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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 […]

German court opens proceedings over Volkswagen labor pay

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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 puts bets on Amazon-built ‘industrial cloud’

Amazon Web Services

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 centralizes group software development at Audi

Audi 2019 e-tron

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 […]

Volkswagen to move center of software development to Audi

Images of 2017 Audi R8 V10 Spyder

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 […]

Volkswagen begins development of climate projects for CO2 compensation

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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 resumes Europe’s largest car factory after coronavirus shutdown

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Volkswagen has resumed work at its biggest factory located in Wolfsburg, Germany, on Monday even as inventory levels throughout the industry continue to build up as the coronavirus crisis saps demand. Encouraged by a decline in infection rates, Germany eased lockdown restrictions and automakers are depending on the country’s ability to trace and contain the […]

German automakers to restart production as lockdowns ease

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German automakers such as Volkswagen and Mercedes-Benz will restart production at some German plants next week after the country eased restrictions designed to stop the spread of the coronavirus. Chancellor Angela Merkel on Wednesday stated that Germany has achieved a “fragile intermediate success” in its battle against the coronavirus and that its emergence from lockdown […]

Volkswagen tests ventilator output to combat coronavirus crisis

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German automaker Volkswagen stated on Friday it was joining other automakers across the world to find out use of 3D printing to make hospital ventilators in order to combat the coronavirus crisis. Governments are enlisting automakers such as Ford, General Motors, Ferrari and Nissan to increase production of ventilators and other equipment they are short […]

Coronavirus is halting plants in Europe while plants in China reopen

Fiat Chrysler is temporarily shutting four plants in Italy as coronavirus takes its toll on the world’s eighth biggest economy. The move came after a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it attempts to contain the worst outbreak of the coronavirus, also known as Covid-19, outside China. The Italian-American […]