Volkswagen's Traton Unit Submits Buyout Offer for Navistar
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.
VW’s Herbert Diess Confident He Can Catch Tesla in Electric Car Race
Volkswagen AG CEO Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead.
Volkswagen Raises Forecast for Electric Car Production
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.
German Automaker Audi to Cut 9,500 Jobs by 2025
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, 2019VW Challenges Rivals With $66 Billion Splurge for Electric Era
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.
Volkswagen Breaks Ground on Chattanooga, Tenn., Electric Vehicle Facility
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.
VW Considers Sharing Autonomous-Car Tech to Defray Development Costs
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.
VW in $9 Billion Software Revamp as It Expands Tech Shift
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.
VW Warns Trade War Causing Slow Car Sales
Volkswagen AG and other carmakers warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.
VW Unveils New Logo, Affordable Electric Cars
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.