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Germany’s Volkswagen confirmed it is thinking of acquiring a majority stake in car rental company Europcar as it seeks to enter into the trend for consumers to rent instead of
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Daimler and Volkswagen are cutting working hours at some of their plants as the automakers continue to have a hard time due to the continued shortage of semiconductors. Daimler is
Volkswagen expects semiconductor supplies to the auto sector to remain tight in coming months, the head of the automaker’s namesake brand said on Saturday. “I think the situation will remain
Volkswagen has warned managers to get ready for a bigger production hit in the second quarter compared to the first one as the global chip shortage continues. “We are being
The continued shortage of semiconductors is the only factor weighing on a worldwide recovery of the car sector from the coronavirus crisis, said Herbert Diess, the CEO of Volkswagen. Demand
Volkswagen’s Spanish automaker SEAT aims to locate a battery assembly plant close to its Barcelona factory to support electric vehicle production there from 2025, providing it gets financial and other
Volkswagen expects deliveries, earnings, and margins to recover strongly this year as the coronavirus pandemic eases, after nearly halving in profits in 2020 that was still better than the German
Volkswagen’s supervisory board is due to talk about reorganization of the company’s management board on Thursday, two people knowledgeable with the matter said on Tuesday, as the automaker seeks to
Volkswagen prepares to make British luxury automaker Bentley a subsidiary of its Audi division as it looks towards economies of scale among its top-end brands, German publication Automobilwoche reported. Bentley,
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
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