VW

Business, Technology, Fuel, Autonomous

VW CEO Sees Autonomy Transforming Cars More Than Electrification

Volkswagen CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News) Volkswagen CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.

Christoph Rauwald | Bloomberg News
June 22, 2021
Business, Equipment

VW Charged With Deceit Over Diesel

Volkswagen logo on building Michael Sohn/Associated Press

French investigators said Volkswagen AG has been charged in a fresh crackdown on alleged deception over diesel emissions that also has embroiled rival Renault SA.

Gaspard Sebag | Bloomberg News
June 9, 2021
Business, Technology, Autonomous

VW Plans to Have Autonomous Microbus Ready for Roads in 2025

VW IDbuzz Prototype by Volkswagen

Volkswagen AG plans to offer a highly automated version of the hippie-era microbus it’s reviving as an electric van as the carmaker commercializes self-driving technology along with startup Argo AI.

May 12, 2021
Business, Technology, Equipment

VW Raises Full-Year Outlook, Warns of Growing Chip Shortage

New Volkswagen ID.4 electric SUVs. (Liesa Johannssen-Koppitz/Bloomberg News) New Volkswagen ID.4 electric SUVs. (Liesa Johannssen-Koppitz/Bloomberg News)

Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.

May 6, 2021
Business, Technology, Equipment, Fuel

VW Shares Soar on Plans to Beat Tesla

A VW ID.3 electric vehicle is seen inside the company's Autostadt delivery towers in Wolfsburg, Germany. A VW ID.3 electric vehicle is seen inside the company's Autostadt delivery towers in Wolfsburg, Germany, in October 2020. (Liesa Johannssen-Koppitz/Bloomberg News)

Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.

Christoph Rauwald | Bloomberg News
March 16, 2021
Business, Technology, Fuel

VW Plans Europe’s Biggest Battery Push in Electric Offensive

Volkswagen ID.4 Volkswagen ID.4 by Volkswagen AG

Volkswagen AG is stepping up its game to become the world’s biggest electric car maker with a plan to build six battery factories in Europe and global investments in charging stations.

Christoph Rauwald | Bloomberg News
March 15, 2021
Business, Technology, Autonomous

VW, Microsoft Extend Collaboration to Self-Driving Car Software

Volkswagen logo. Krisztian Bocsi/Bloomberg News

Volkswagen AG and Microsoft Corp. are expanding their cooperation involving the U.S. software giant’s cloud technology to include speeding up development of automated driving.

Christoph Rauwald | Bloomberg News
February 11, 2021
Business, Technology, Fuel

VW CEO Says Apple Can Mount Major Challenge With Auto Push

Volkswagen AG CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News) Volkswagen AG CEO Herbert Diess. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG CEO Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor Corp.

Christoph Rauwald | Bloomberg News
December 23, 2020
Business, Technology, Fuel

VW’s Battery Bet Reveals Data Showing Tech Could Top Tesla

Robots work on the body of a VW ID.3 car at the company's plant in Zwickau, Germany. Robots work on the body of a VW ID.3 car at the company's plant in Zwickau, Germany. (Jens Meyer/Associated Press)

QuantumScape Corp., a battery startup that counts Volkswagen AG as its largest shareholder, says new data shows its batteries can be charged to as much as 80% of full power in 15 minutes, almost twice as fast as a Tesla Model 3.

December 8, 2020
Business, Technology, Autonomous

VW Boosts Tech Spending Within $177 Billion Investment Plan

Robotic arms scan the body of a VW ID.3 electric car. Robotic arms scan the body of a VW ID.3 electric car at the automaker's factory in Zwickau, Germany. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.

Christoph Rauwald | Bloomberg News
November 13, 2020

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