Business, Technology

German Automaker Audi to Cut 9,500 Jobs by 2025

Audi logo Matthias Schrader/Associated Press

BERLIN — Volkswagen subsidiary Audi says it’s cutting 9,500 jobs in Germany through 2025 as part of a transformation plan to make the company “lean and sustainable.”

November 26, 2019
Business, Technology, Fuel, Autonomous

VW Challenges Rivals With $66 Billion Splurge for Electric Era

VW assembly Krisztian Bocsi/Bloomberg News

Volkswagen AG will ramp up spending on electric vehicles and automated driving by 36% as the world’s largest automaker challenges rivals to keep pace with an aggressive shift into the post-combustion era.

Christoph Rauwald | Bloomberg News
November 15, 2019
Government, Business, Technology, Equipment, TCA

Volkswagen Breaks Ground on Chattanooga, Tenn., Electric Vehicle Facility

Breaking ground for Volkswagen facility in Tennessee Officials with the state of Tennessee, city of Chattanooga and Volkswagen at the groundbreaking event for the Volkswagen electric vehicle facility Nov. 13, 2019. (Erin O. Smith/Chattanooga Times Free Press via Associated Press)

Marking construction of an electric vehicle facility in Chattanooga, Volkswagen of America today broke ground on an $800 million expansion that will add more than 700,000 square feet of new space to its plant.

Mike Pare | Chattanooga (Tenn.) Times Free Press
November 13, 2019
Business, Technology, Logistics, Autonomous

VW Considers Sharing Autonomous-Car Tech to Defray Development Costs

Workers at a Volkswagen plant Workers on the production line at Volkswagen's plant in Chattanooga, Tenn. (Mark Elias/Bloomberg News)

Volkswagen AG is open to sharing future autonomous-vehicle systems with other manufacturers as it races to catch up with the likes of Waymo LLC in cost-intensive technologies that could transform the way people and goods move, according to an executive at the German automaker.

Christoph Rauwald | Bloomberg News
November 6, 2019
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
Government, Business, Logistics

VW Warns Trade War Causing Slow Car Sales

Volkswagen Alex Kraus/Bloomberg News

Volkswagen AG and other carmakers warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.

September 10, 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
Government, Business, Technology

VW to Pay $100 Million, Restate Mileage in US Gas-Powered Cars

Volkswagen Car Krisztian Bocsi/Bloomberg News

Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay nearly $100 million to drivers after an investigation discovered software that could optimize efficiency during government tests but not during real-world driving.

Ryan Beene | Bloomberg News
August 30, 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
Business, Technology, Autonomous

VW, Ford Extend Collaboration to Electric, Self-Driving Cars

Argo Justin Merriman/Bloomberg News

Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation.

July 12, 2019