VW Boosts Future Tech Spending, Enlarges Management Board
Volkswagen AG raised its five-year spending plan and overhauled its management board, seeking to catch up with Tesla Inc. and end an internal dispute over the changes needed to get there.
VW CEO Open to Third Parties Taking Stakes in Software Unit
Volkswagen AG is open to external partners taking stakes in the manufacturer’s new software division as traditional automakers fight to catch up with Tesla Inc. on digital features.
Volkswagen Appeals Rejected as High Court Allows Emissions Scandal Suits
The U.S. Supreme Court rejected two appeals from Volkswagen AG, leaving intact rulings that let state and local governments sue over a diesel-emissions cheating scandal that already has cost the German automaker more than $23 billion.
VW CEO Tells German Workers Tesla Factory Will Threaten Jobs
Volkswagen AG CEO Herbert Diess urged German workers to prepare for a deeper overhaul to remain competitive when Tesla Inc. ramps up vehicle production at its first European factory outside Berlin next year.
VW Seeks Damages From Former Execs for Diesel Scandal
BERLIN — Volkswagen is seeking damages from two former top executives for their role in the diesel emissions scandal that cost the German automaker billions of euros and a hefty dent in its reputation.
March 26, 2021Volkswagen Brand Doubles EV Share Target
Volkswagen AG’s main brand doubled its forecast for the share of purely battery-powered cars in Europe to 70% by the end of the decade, signaling it expects to be delivering well more than 1 million EVs a year by then.
VW’s Electric Car Stacks Up Well Against Tesla, Analyst Says
A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably with Tesla Inc. models in several key aspects, sending the German carmaker’s shares to levels last seen before its diesel emissions scandal.
Volkswagen Loses Top EU Court Case in Diesel Scandal
The European Union’s top court ruled that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines.
Electric Car Startup Fisker Misses Deadline for Supply Deal With VW
Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.
VW’s EV Expansion in Tennessee Is ‘On Plan’
Walls are up enclosing Volkswagen’s new $800 million electric vehicle production site in Chattanooga, Tenn., as factory equipment is shipped in for installation, an official says.