Volkswagen no longer investing in self-driving startup Argo AI
BERLIN (Reuters) – Volkswagen AG is no longer investing in Argo AI, the company said on Wednesday, concentrating its automated driving efforts on its existing …
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Volkswagen to rake in almost half of Spain’s EV subsidies
MADRID (Reuters) – Volkswagen’s Spanish subsidiary SEAT will rake in almost half of the nearly 900 million euros ($888 million) in government subsidies allocated for …
Volkswagen: we have never had supply chain shortages like today
By Victoria Waldersee BERLIN (Reuters) -Volkswagen is entering into direct purchase agreements in unprecedented areas to tackle the worst supply chain shortages the company has …
Volkswagen targeting 20-30% automation at new electric vehicle plant
By Victoria Waldersee WOLFSBURG (Reuters) – Volkswagen is looking at automating 20-30% of production at its upcoming Trinity plant near its Wolfsburg headquarters, the plant’s …
Volkswagen plans over 1 billion euro investment in software JV in China – sources
BERLIN (Reuters) – Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said …
Volkswagen faces Israeli emissions class action suit after court ruling
JERUSALEM (Reuters) – Volkswagen faces a class action suit in Israel after a court ruled in favour of petitioners seeking compensation from the German carmaker …
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) – The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in …
Volkswagen, Elia sign MoU to explore vehicle integration into power grid
FRANKFURT (Reuters) – Volkswagen’s charging unit Elli has signed a memorandum of understanding with Belgian network operator Elia and one of its start-ups to explore …
Volkswagen has gas supplies for winter but could see shortages next year
BERLIN (Reuters) -Volkswagen should be able to maintain production in the next 5-6 months if Germany continues to fill its gas reserves, but rising energy …
Volkswagen does not see chip shortage ending in 2023 – Automobilwoche
BERLIN (Reuters) – Volkswagen no longer sees chip shortages ending in 2023, and the German carmaker is preparing for the “new normal” of supply chain …
Porsche and Piech families seek driving seat at Volkswagen – sources
By Jan Schwartz HAMBURG – Volkswagen’s controlling shareholder families aim to keep Europe’s top carmaker on a shorter leash and want greater say over strategic …
Porsche listing plans on track, Volkswagen CFO says
BERLIN – Preparation for a listing of Volkswagen’s sportscar brand Porsche later this year is continuing, with a decision expected in late summer, the carmaker’s …
Volkswagen investors split on whether Porsche IPO should go ahead – Bernstein poll
BERLIN – Volkswagen investors polled by Bernstein Research were split on whether an IPO of sportscar brand Porsche should go ahead after Friday’s announcement of …
Volkswagen CEO says German economy needs China – Spiegel
BERLIN – Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media …
Brazil Volkswagen workers approve agreement for $193 million investment
SAO PAULO – Volkswagen Group workers at its Taubate plant, in the Brazilian state of Sao Paulo, approved on Wednesday an agreement allowing an investment …
Easing chip shortages to help Volkswagen in H2 – CEO
BERLIN – Volkswagen sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to …
Volkswagen to cut working hours, wages in Brazil as parts shortage deepens
SAO PAULO – Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo factory in Brazil as it grapples …
Volkswagen CEO questions whether Apple plans to produce cars
BERLIN – Volkswagen CEO Herbert Diess said on Wednesday he was not sure Apple planned to produce cars but that the California-based company certainly wanted …
Volkswagen CEO defends operations in China’s Xinjiang, Handelsblatt reports
BERLIN – Volkswagen plans to continue operations at its plant in China’s Xinjiang region despite reports of human rights violations there, the chief executive said …
Volkswagen, Mahindra explore partnership for electric vehicle components
By Aditi Shah NEW DELHI – Germany’s Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra, the companies …
Volkswagen to build 800,000 fully-electric cars this year
BERLIN – Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the carmaker said on Thursday, as …
Volkswagen China’s Shanghai plant resumes production gradually
SHANGHAI – Volkswagen Group China’s Shanghai factory has started a gradual resumption to production, it said on Monday. Its factories in the northeastern Chinese city …
Volkswagen focuses on regions to reduce supply chain vulnerability
BERLIN – Volkswagen said on Tuesday that a new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as …
Volkswagen rejects shareholder push for climate lobbying disclosures
BERLIN – Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of …
Volkswagen suspends Shanghai production amid COVID lockdown
BERLIN/SHANGHAI -Volkswagen on Thursday said it would halt work at its factory in Shanghai between April 1-5, reversing an earlier plan to maintain some of …
Lacking wire harnesses from Ukraine, Volkswagen delays ID.5 launch
BERLIN – Volkswagen will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in …
Volkswagen keeps Changchun factory shut on Thursday, Shanghai to reopen
BERLIN -Volkswagen Group China said on Wednesday it would as a precautionary measure pause production for another day in Changchun due to COVID cases, but …
Volkswagen brand reluctant to make 2022 forecast
BERLIN – German carmaker Volkswagen said on Wednesday that deliveries of its core brand dropped by 8% to 4.9 million vehicles last year, and it …
Volkswagen prioritises China, U.S. amid Europe instability
BERLIN – Volkswagen is shifting production to China and the United states as a result of the war in Ukraine and will prioritise China this …
Volkswagen CEO says 2022 outlook clouded by war in Ukraine
BERLIN – Volkswagen CEO Herbert Diess said the full impact of the war in Ukraine was not yet clear and is throwing the German carmaker’s …
Volkswagen returns to profit in North and South America
BERLIN – The Volkswagen Group achieved a 16% market share in China in 2021 and the VW brand returned to profit in North and South …
Volkswagen warns of production cuts as Ukraine crisis hits suppliers
HAMBURG – Europe’s largest carmaker Volkswagen on Tuesday warned of production cuts at some of its plants including the one in Wolfsburg as Ukraine-based suppliers …
Porsche SE weighs selling Volkswagen shares to help fund Porsche IPO-sources
FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to …
Volkswagen expects chip shortage to ease later in 2022
BERLIN – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production …
Volkswagen labour chief takes company to task on China, in FAZ interview
– Volkswagen’s works council chief Daniela Cavallo said the carmaker must do more to understand the Chinese market in order to capture greater market share, …
Shares in Volkswagen and its top investor rise on Porsche listing hopes
FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top …
Volkswagen does not see chip shortage ending this year – Automobilwoche
BERLIN – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, …