Business, Equipment

VW Board Preparing Next Steps for Truck Unit Listing

MAN trucks on the assembly line VW's MAN trucks on an assembly line in Munich, Germany. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG’s board is working toward a decision to list its heavy-truck division, a move that would generate fresh funds for its bid to challenge global leaders Daimler AG and Volvo AB, according to people familiar with the matter.

September 14, 2018
Business, Technology, Safety, Autonomous, TCA

Volkswagen Reportedly Tried to Buy Self-Driving Car Startup Aurora

Self-Driving Car Startup Aurora self-driving car. (Aurora)

Volkswagen apparently wants to be more than just friends with Aurora Innovation, a self-driving car company testing autonomous vehicles in Pittsburgh.

Aaron Aupperlee | The Pittsburgh Tribune-Review
August 24, 2018
Government, Business, Fuel

Volkswagen Posts Profit Increase, Cautions Against ‘Protectionism’

Volkswagen logo on building Krisztian Bocsi/Bloomberg News

FRANKFURT, Germany — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins but warned that “growing protectionism” is a threat to the globally connected car industry.

David McHugh | Associated Press
August 1, 2018
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