VW
VW Boosts Tech Spending Within $177 Billion Investment Plan
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.
November 13, 2020VW CEO Diess Says Existential Electric Race Awaits After Pandemic
VW CEO Herbert Diess said that when it comes to electric cars, "if you're not fast enough, you're not going to survive." (Krisztian Bocsi/Bloomberg News)
Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.
November 5, 2020VW Aims to Turn Legions of SUV Buyers Into Electric Converts
A VW ID.4 stands in a street during a presentation in Germany on July 29. (Sebastian Kahnert/dpa via AP)
Volkswagen AG is setting a high bar for the first electric vehicle it will build around the globe.
September 23, 2020VW’s Traton Boosts Bid for Navistar to $3.6 Billion
International trucks are parked in a lot outside the Navistar facility in Melrose Park, Ill. (Scott Olson/Getty Images)
Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
September 10, 2020Musk Test-Drives VW Electric Car in Meeting With CEO Diess
Elon Musk speaks at the site of the new Tesla Gigafactory in Germany on Sept. 3. (Maja Hitij/Getty Images)
Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.
September 4, 2020VW CEO Backs Bill Gates’ Proposals for Greener Transportation
Empty electric automobile charging bays sit in an employee parking lot at the Volkswagen AG headquarter factory in Wolfsburg, Germany, on Aug. 25. (Krisztian Bocsi/Bloomberg News)
Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.
August 27, 2020SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil
SAF-Holland
SAF-Holland announced it has been selected to supply the rear-drive air suspensions for the new VW electric delivery truck in Brazil.
August 3, 2020VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings
Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)
Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.
July 24, 2020Volkswagen CEO Herbert Diess Giving Up Managing VW Brand
Volkswagen CEO Herbert Diess by Krisztian Bocsi/Bloomberg News
Herbert Diess, CEO of Volkswagen, ceded direct control of the German company’s main passenger car brand after clashing with labor unions over production issues affecting two key models.
June 8, 2020VW’s Diesel Woes Mount as EU Court Adviser Attacks Defeat Device
An employee uses a power tool to secure the suspension system near the exhaust on the rear of a VW Golf GTI automobile in Wolfsburg, Germany, in March 2018. (Bloomberg News)
Volkswagen AG’s use of technology that helped it to cheat on diesel engine pollution tests violated European Union rules, an EU legal adviser warned in the second setback for the automaker at the bloc’s highest court this month.
April 30, 2020