Business, Technology, Equipment

VW Increases Investments in EV, Software Technologies

Volkswagen AG is increasing investments in software and EVs to close the gap to Tesla and halt a decline in China just as the threat of a demand slowdown hangs over the automotive market.

Monica Raymunt | Bloomberg News
March 14, 2023
Business, Logistics

Volkswagen Misses Full-Year Cash Target After Supply Chain Woes

Volkswagen AG missed its cash-flow target for the year after supply chain and logistics disruptions in recent months left the carmaker with unsold vehicles.

Monica Raymunt | Bloomberg News
February 8, 2023
Business, Equipment

Volkswagen Trucking CEO Sees Rising Profit on Cost-Cutting Push

Volkswagen AG’s Traton SE expects profitability at its MAN and Scania brands to improve this year as the German truck maker cuts production costs following the bruising experience of the global supply chain crisis.

Monica Raymunt | Bloomberg News
January 20, 2023
Business, Technology, Equipment

VW Tries to Fix Electric Shift With New SUV, Factory Revamp

Volkswagen AG is overhauling its main factory in Germany to make two additional battery cars as Europe’s biggest automaker tries to get its electric shift back on track.

Monica Raymunt | Bloomberg News
December 7, 2022
Business, Technology

Volkswagen Weighs Foxconn Partnership to Aid American EV Push

Volkswagen AG may tap Taiwan’s Foxconn Technology Group to make electric pickups and sport utility vehicles in the U.S., according to a person familiar with the matter

Monica Raymunt | Bloomberg News
November 29, 2022
Business, Technology, Equipment, Fuel

Germany’s Bosch Warns EV Industry Over Battery Cell Reliance

Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric vehicle industry, battery cells, according to Markus Heyn, head of mobility services for Robert Bosch GmbH.

Monica Raymunt | Bloomberg News
September 19, 2022
Business, Equipment

Continental Pours Cold Water on Breakup Speculation

Continental AG is signaling it will stop short of making further drastic changes as Europe’s second-biggest car-parts supplier doubles down on a restructuring to improve disappointing performance.

Monica Raymunt | Bloomberg News
March 9, 2022
Business, Safety, Logistics

Burnt Ship Carrying Porsches, Lamborghinis Sinks in Rough Seas

The cargo ship that caught fire in the Atlantic while transporting about 4,000 Volkswagen AG vehicles to the U.S. has sunk despite efforts to tow it to safety.

Monica Raymunt | Bloomberg News
March 1, 2022
Business, Technology, Autonomous

VW, Bosch Team Up on Self-Driving Software

Volkswagen AG is partnering with Robert Bosch GmbH to develop a common software platform to bring hands-free driving functions to the German carmaker’s entire fleet in a bid to compete with Tesla Inc.

Monica Raymunt | Bloomberg News
January 25, 2022

VW Sales Drop to Lowest in Decade

Volkswagen AG sales dropped to the lowest in a decade last year after the global semiconductor shortage hampered the German manufacturer’s auto output.

Monica Raymunt | Bloomberg News
January 12, 2022