Christoph Rauwald

Business

VW’s Traton Unit Sets Deadline for Navistar to Accept Offer

A Navistar International HX Series truck sits at the company's headquarters in Illinois. A Navistar International HX Series truck sits at the company's headquarters in Illinois. (Christopher Dilts/Bloomberg News)

Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.

Christoph Rauwald | Bloomberg News
October 14, 2020
Business, Technology, Fuel

Daimler Will Retool Century-Old Engine Plants in Electric Shift

Sunlight reflects in a Mercedes Benz logo on top of an office building in Berlin, Germany. Sunlight reflects in a Mercedes-Benz logo on top of an office building in Berlin, Germany. (Michael Sohn/Associated Press)

Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era.

Christoph Rauwald | Bloomberg News
September 24, 2020
Business, Technology, Fuel, Autonomous

Musk Test-Drives VW Electric Car in Meeting With CEO Diess

Elon Musk speaks at the site of the new Tesla Gigafactory in Germany on Sept. 3. Elon Musk speaks at the site of the new Tesla Gigafactory in Germany on Sept. 3. (Maja Hitij/Getty Images)

Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.

Christoph Rauwald | Bloomberg News
September 4, 2020
Government, Business, Technology, Fuel

VW CEO Backs Bill Gates’ Proposals for Greener Transportation

VW CEO Herbert Diess praised Bill Gates' proposals for cleaner transportation. Empty electric automobile charging bays sit in an employee parking lot at the Volkswagen AG headquarter factory in Wolfsburg, Germany, on Aug. 25. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.

Christoph Rauwald | Bloomberg News
August 27, 2020
Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

Christoph Rauwald | Bloomberg News
July 24, 2020
Business, Equipment

Volkswagen Management Tumult Spills Over to Truck Subsidiary

Employees work on a truck chassis assembly line in Netherlands. Employees work on a truck chassis assembly line in Netherlands. (Jasper Juinen/Bloomberg News)

Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.

Christoph Rauwald | Bloomberg News
July 10, 2020
Business, Technology

Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon

Daimler CEO Ola Kallenius. Daimler CEO Ola Kallenius. (Alex Kraus/Bloomberg News)

Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.

Christoph Rauwald | Bloomberg News
July 8, 2020
Business

Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring

A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. (Akos Stiller/Bloomberg News)

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

Christoph Rauwald | Bloomberg News
July 1, 2020
Business

VW Board Backs CEO to Ease Tensions After Turmoil

Volkswagen CEO Herbert Diess speaks during a Bloomberg Television interview in November 2019. Volkswagen CEO Herbert Diess speaks during a Bloomberg Television interview in November 2019. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG’s supervisory board accepted an apology from CEO Herbert Diess, with the unusual public statement reflecting the tension caused by an internal dust-up.

Christoph Rauwald | Bloomberg News
June 9, 2020
Business

Volkswagen CEO Herbert Diess Giving Up Managing VW Brand

Herbert Diess Volkswagen CEO Herbert Diess by Krisztian Bocsi/Bloomberg News

Herbert Diess, CEO of Volkswagen, ceded direct control of the German company’s main passenger car brand after clashing with labor unions over production issues affecting two key models.

Christoph Rauwald | Bloomberg News
June 8, 2020

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