Christoph Rauwald

Business, Technology, Autonomous

VW in $9 Billion Software Revamp as It Expands Tech Shift

VW id.3 German national team coach Joachim Loew (from left), VW AG CEO Herbert Diess, board member Juergen Stackmann and German team manager Oliver Bierhoff present the Volkswagen ID.3 at IAA in Frankfurt, Germany. (Gisela Schober/Getty Images for Volkswagen AG)

Volkswagen AG is bundling its software operations with an investment plan of about 8 billion euro ($9 billion) over the next three to five years, another step in the electric- and connected-car shift that’s heralding massive change across the industry.

Christoph Rauwald | Bloomberg News
September 13, 2019
Business, Technology

VW Unveils New Logo, Affordable Electric Cars

Volkswagen CEO Herbert Diess CEO of Volkswagen Herbert Diess introduces the new VW ID.3 at the IAA Auto Show in Frankfurt, Germany Sept. 9. (Michael Probst/Bloomberg News)

Volkswagen AG is unwrapping not just new models at the Frankfurt auto show, but a tweaked logo as the world’s biggest carmaker ushers in the electric era.

Christoph Rauwald | Bloomberg News
September 9, 2019
Business, Technology, Fuel

Porsche Unveils Its First Electric Car

Porsche The Porsche Taycan. (Alex Kraus/Bloomberg News)

Porsche picked Niagara Falls, a Chinese wind farm and a solar site in Germany to unveil its first all-electric sports car, underscoring the new Taycan’s central role in turning parent Volkswagen AG into the world’s leading seller of battery-powered vehicles.

Christoph Rauwald | Bloomberg News
September 4, 2019
Business, Technology, Autonomous

VW Denies Report CEO Is Interested in Buying Stake in Tesla

Tesla Model 3 Patrick T. Fallon/Bloomberg News

Volkswagen AG denied a report that its chief executive officer would be interested in buying a stake in Tesla Inc., calling it unfounded speculation.

Christoph Rauwald | Bloomberg News
August 22, 2019
Business, Technology

VW Bucks Downward Trend in Weak Markets on Strength of SUV Deliveries

vw Krisztian Bocsi/Bloomberg News

Volkswagen AG joined PSA Group in using sales of lucrative SUVs to stand out against a crowd of carmakers struggling with the auto market’s downturn.

Christoph Rauwald | Bloomberg News
July 25, 2019
Government, Business, Technology

Daimler’s New Leaders Confront Old Issues as Diesel Bites

Daimler AG CEO Ola Kallenius New Daimler CEO Ola Kallenius faces challenges in turning around the company. (Qilai Shen/Bloomberg News)

Just one month into the job, Daimler AG’s new executive duo is unearthing skeletons from the diesel-scandal era, hobbling the move toward an electric future with a crisis that erupted almost four years ago.

Christoph Rauwald | Bloomberg News
June 24, 2019
Business, Technology, Equipment, Autonomous

VW’s $18.6 Billion Truck IPO to Test CEO’s Overhaul Plan

vw Krisztian Bocsi/Bloomberg News

Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth.

Christoph Rauwald | Bloomberg News
June 14, 2019
Business, Technology, Autonomous

VW, Ford Near Deal on Electric, Autonomous Vehicles

VW I.D. Buggy electric concept automobile A logo is displayed on the steering wheel of a VW I.D. Buggy electric concept automobile. (Chris J. Ratcliffe/Bloomberg)

Volkswagen AG is nearing a deal to cooperate with Ford Motor Co. on electric-car technology and self-driving vehicles, according to CEO Herbert Diess.

Christoph Rauwald | Bloomberg News
June 13, 2019
Government, Business, Logistics

VW Brand to Trim as Many as 4,000 Jobs Amid Digital Overhaul

vw Chief Operating Officer of Volkswagen Ralf Brandstaetter (Fabrice Coffrini/Bloomberg News)

Volkswagen AG’s main car brand will let lapse as many as 4,000 general and administrative jobs while adding at least 2,000 IT positions over the next four years, avoiding layoffs at its German factories as it negotiates a major shift toward electrification and self-driving cars.

Christoph Rauwald | Bloomberg News
June 5, 2019
Business, Technology, Equipment

VW Advances Truck Unit IPO Despite Shaky Stock Market, Trade Woes

vw Freight trucks manufactured by MAN SE and Scania AB stand on display. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG set plans to list its heavy-truck division Traton SE in Frankfurt, Germany, and Stockholm, moving forward with one of the year’s largest European public offerings despite a wobbly stock market and a swirling trade war between China and the United States.

Christoph Rauwald | Bloomberg News
June 4, 2019

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