Christoph Rauwald

Business, Technology, Fuel

VW CEO Says Apple Can Mount Major Challenge With Auto Push

Volkswagen AG CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News) Volkswagen AG CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG CEO Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor Corp.

Christoph Rauwald | Bloomberg News
December 23, 2020
Business, Technology

Daimler Picks Bernd Pischetsrieder to Be Next Chairman

Bernd Pischetsriede is the former CEO of BMW AG and Volkswagen AG. (Christof Stache/AFP/Getty Images) Bernd Pischetsrieder is the former CEO of BMW AG and Volkswagen AG. (Christof Stache/AFP/Getty Images)

Daimler AG’s supervisory board picked Bernd Pischetsrieder to be its next chairman and help navigate the maker of Mercedes-Benz luxury cars through a seismic industry transformation.

Christoph Rauwald | Bloomberg News
December 3, 2020
Business, Technology, Autonomous

VW’s Traton to Build China Truck Factory in Expansion Push

The shell of a driver's cabin is carried along the production line at Scania's factory in Sweden. The shell of a driver's cabin is carried along the production line at Scania's factory in Sweden. (Mikael Sjoberg/Bloomberg News)

Traton SE is stepping up expansion plans in China after Volkswagen AG’s truck division hammered out a deal to acquire Navistar International Corp. to boost its presence in North America.

Christoph Rauwald | Bloomberg News
November 25, 2020
Business, Technology, Autonomous

VW Boosts Tech Spending Within $177 Billion Investment Plan

Robotic arms scan the body of a VW ID.3 electric car. Robotic arms scan the body of a VW ID.3 electric car at the automaker's factory in Zwickau, Germany. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.

Christoph Rauwald | Bloomberg News
November 13, 2020
Business, Technology, Fuel, Autonomous

VW’s Traton, Toyota’s Hino to Collaborate on Electrification

Hino Motors autonomous trucks travel in convoy during a demonstration in Japan. Hino Motors autonomous trucks travel in convoy during a demonstration on a test track in Japan in May 2018. (Kiyoshi Ota/Bloomberg News)

Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.

Christoph Rauwald | Bloomberg News
October 28, 2020
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

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