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LARGEST CARMAKER VOLKSWAGEN
Hot wheels got intelligent: Carmakers are device-fying, and tech companies making cars are bringing their world view with themThe automobile is transforming into a smart device. Traditional carmakers face a challenge as software and data become more valuable than h...- Tesla says to add 1,000 jobs in GermanyElon Musk's automotive and robotics company Tesla said Thursday that it would hire more than 1,000 people in Germany, a rare bright spot in...
- Audi, SAIC will jointly develop future models under new China brandAudi and SAIC are strengthening their collaboration for upcoming electric vehicle models in China. They will also establish a new innovatio...
- Volkswagen plans major layoffs, to shut at least three German plants, works council head saysVolkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic ...
- Porsche ignites blockbuster IPO, defying market turmoilEven as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with...
- Porsche IPO valuation sends Volkswagen shares up 1.3%The issue could be Europe's third largest IPO on record if the upper price target is reached, according to Refinitiv data. Volkswagen's sha...
- Skoda Auto Volkswagen begins export of its sedan VirtusThe European carmaker commenced vehicle exports from India in 2011 with 6,256 units of the India-built Vento for the South African market. ...
- Volkswagen plans to sell first electric car in India in 2023While it would like to import all 2,500 units, the availability of vehicles is a concern worldwide due to worsening supply chain constraint...
- Volkswagen, top shareholder strike framework deal for Porsche IPOIn case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to ...
- What's driving the latest Volkswagen power struggle?Volkswagen's four-member mediation committee is planning to discuss Diess' future soon, sources have said, creating uncertainty around the ...
- Volkswagen invests $620 mln in Northvolt to secure battery supplyThe investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen's stake stable a...
- Volkswagen clinches wage deal with Germany's IG Metall unionThe deal with IG Metall, struck after 14 hours of negotiations in what was the fifth round of talks, will see salaries rise by 2.3% from Ja...
- Volkswagen looks to electric vehicles, cost cuts for profit recoveryVolkswagen aims to more than double deliveries of electric vehicles to 1 million this year, it said, adding it would also apply a standardi...
- Turning corona corner, Volkswagen's profit falls less than fearedThe group said full-year operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 bill...
- Volkswagen faces EU fine for missing 2020 emissions targetsConcerned about global warming, as well as air pollution, European policymakers have clamped down on exhaust emissions, forcing carmakers t...
- Volkswagen jumps onto shared mobility bandwagon, announces partnership with ZoomcarThe companies have agreed on offering other vehicles from Volkswagen’s existing product portfolio in the future.
- Banks plan to drag finance companies of car makers to CCIBanks are planning to drag finance firms of car makers to CCI, saying they have hijacked auto finance biz through unfair trade practices.
- Volkswagen board moves closer to Porsche mergerGerman carmaker Volkswagen AG said on Friday its supervisory board had approved certain agreement contracts for the planned merger with Ger...
- Volkswagen seals Porsche deal for $4.7 bnVolkswagen, Europe’s largest carmaker, will pay about e3.3 billion ($4.7 billion) for a 42% stake in Porsche’s automotive unit as it execut...
- Volkswagen picks up 15.1% stake in MANVolkswagen bought a 15.1% stake in MAN, turning the tables on Europe’s third-largest truckmaker and blocking its attempted takeover of Swed...
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