Business, Technology, Fuel, Autonomous, TCA

Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles

Volkswagen ID.4 Volkswagen ID.4 by Volkswagen AG

A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022.

Mike Pare | Chattanooga (Tenn.) Times Free Press
March 12, 2020

VW to Start Search for New CFO

Volkswagen AG logo. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG Chief Financial Officer Frank Witter is set to leave by the middle of next year after the carmaker agreed not to extend his contract by the customary five-year period, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
February 20, 2020
Business, Safety

Volkswagen Postpones Restart of China Joint Venture Production

Workers assemble a Volkswagen car. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG has postponed the resumption of production at its China joint ventures in the latest sign of the coronavirus’ impact on economic activity.

Alexander Kell | Bloomberg News
February 10, 2020
Business, Technology, Breaking News

Volkswagen's Traton Unit Submits Buyout Offer for Navistar

The Navistar-Traton booth at IAA The Navistar/Traton SE booth at IAA in 2018. (Joe Howard/Transport Topics)

Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.

Joe Howard | Executive Editor
January 30, 2020
Business, Technology

VW’s Herbert Diess Confident He Can Catch Tesla in Electric Car Race

Herbert Diess, Volkswagen AG CEO, pauses during a Bloomberg Television interview at the World Economic Forum on Jan. 24. Herbert Diess, Volkswagen AG CEO, pauses during a Bloomberg Television interview at the World Economic Forum on Jan. 24. (Simon Dawson/Bloomberg News)

Volkswagen AG CEO Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead.

January 24, 2020
Government, Business, Technology, Fuel

Volkswagen Raises Forecast for Electric Car Production

Volkswagen logo Jens Meyer/Associated Press

FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned.

David McHugh | Associated Press
December 27, 2019
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