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
Business, Technology, Autonomous

Ford-VW Alliance Seen Amping Up Pressure on Other Automakers

VW Qilai Shen/Bloomberg News

The soon-to-expand alliance between Ford Motor Co. and Volkswagen AG has the potential to transform the global auto industry and increase pressure on other manufacturers developing electric and self-driving cars, analysts said.

Kyle Lahucik | Bloomberg News
July 11, 2019
Business, Technology

VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End

vw Mikael Sjoberg/Bloomberg News

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

June 27, 2019
Business, Technology, Autonomous

VW Board Puts Ford Alliance on Agenda for July Meeting

vw Justin Merriman/Bloomberg News

Volkswagen AG’s supervisory board plans to discuss and possibly approve next steps toward expanding an alliance with Ford Motor Co. when it meets in two weeks, according to people familiar with the matter.

June 26, 2019
Business, Technology

VW Steps Up Software Push With Own Operating System

VW Alex Kraus/Bloomberg News

Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models.

Elisabeth Behrmann | Bloomberg News
June 18, 2019