Business, Technology, Equipment, Safety

VW Mobility Chief Ole Harms Says Self-Driving Cars Core to Plan


Volkswagen AG’s fledgling Moia mobility unit is betting on the rise of self-driving cars to deliver on its plan to catch up with ride-hailing leaders such as Uber Technologies Inc. without burning through piles of cash.

Christoph Rauwald | Bloomberg News
June 26, 2018

VW Truck & Bus to Be Renamed Traton Group

Volkswagen factory in Germany (Getty Images)

Volkswagen Truck & Bus announced it will rename itself Traton Group to further increase its independence from parent company Volkswagen AG and toward “capital market readiness” in preparation for a potential IPO by the unit.

Roger Gilroy | Senior Reporter
June 20, 2018
Business, Equipment

VW Is Said to Mull Van Alliance With Ford to Share Costs

Volkswagen subsidiary Moia’s concept vehicle, an electric van with room for six. (Volkswagen AG)

Volkswagen AG is considering forming an alliance with Ford Motor Co. to share costs for development and production of vans and pickup trucks, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
June 19, 2018
Government, Business, Fuel

VW Agrees to $1.2 Billion Fine as Diesel Crisis Grinds On

Krisztian Bocsi/Bloomberg News

Volkswagen AG will pay a $1.2 billion fine ($1 billion euro) imposed by German prosecutors for cheating to get around diesel-emissions regulations, closing one chapter in a three-year-old crisis even as new developments arise.

Christoph Rauwald | Bloomberg News
June 13, 2018
Government, Business, Equipment, TCA

Connecticut Gov. Dannel Malloy Says Volkswagen Settlement Funds Will Help Update Diesel Trucks

Krisztian Bocsi/Bloomberg News

Connecticut is obtaining $7.5 million from the national Volkswagen settlement over emissions cheating and will use the funds to help replace aging diesel trucks and other equipment.

Bill Cummings | Connecticut Post (Bridgeport, Conn.)
May 31, 2018
Business, Equipment

VW’s MAN to Become Leaner as Parent Weighs Split, Truck IPO

Truck cabins pass along a quality check line inside the MAN SE factory, operated by Volkswagen AG, in Munich, Germany, on May 16. (Matthias Doering/Bloomberg News)

MAN SE will take steps to become more profitable as owner Volkswagen AG prepares to split the 260- year-old German industrial conglomerate and potentially sell a stake in its commercial vehicles division to outside investors.

Christoph Rauwald | Bloomberg News
May 18, 2018
Business, Equipment

VW Truck & Bus to Be Ready `Quickly’ for Capital Market Access

Dado Galdieri/Bloomberg News

Volkswagen AG is speeding up preparations for its heavy commercial-vehicle division to sell stock or debt on its own as the unit expands to compete with global leaders Daimler AG and Volvo AB.

Christoph Rauwald | Bloomberg News
April 17, 2018

VW Board to Consider Truck IPO, Other Sweeping Changes

VW assembly line VW panel van assembly line by Kirsztian Bocsi/Bloomberg News

Volkswagen AG’s supervisory board is meeting April 12 to push through a change in top management and organization, after a rushed statement left more questions open than answered.

Elisabeth Behrmann | Bloomberg News
April 12, 2018
Business, Equipment

VW Weighs Strategic Options for Truck Division Revamp

Krisztian Bocsi/Bloomberg News

Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
March 6, 2018
Business, Technology, Equipment, Fuel

VW Unveils Electric Minibus to Take On Uber in App-Based Rides

Volkswagen AG

Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies Inc.

Christoph Rauwald | Bloomberg News
December 5, 2017