Monica Raymunt

Business, Equipment

Continental Pours Cold Water on Breakup Speculation

Continental logo Andrey Rudakov/Bloomberg News

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

ship Smoke billows from the burning Felicity Ace car transport ship on Feb. 16. (Portuguese Navy via Associated Press)

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

A VW badge on the front of a Volkswagen ID.5 GTX all-electric automobile A VW badge on the front of a Volkswagen ID.5 GTX all-electric automobile. (Krisztian Bocsi/Bloomberg News)

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
Business

VW Sales Drop to Lowest in Decade

VW Sales Drop to Lowest in Decade A new Volkswagen AG (VW) ID.3 electric automobile is guided into a storage bay inside a delivery tower. (Liesa Johannssen-Koppitz/Bloomberg)

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