VW

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
Government, Business, Technology, Fuel

VW 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." 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, 2020
Business, Technology, Fuel

VW 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. 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.

Gabrielle Coppola | Bloomberg News
September 23, 2020
Business, Technology, Equipment

VW’s Traton Boosts Bid for Navistar to $3.6 Billion

VW's Traton increased its bid for Navistar. 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.

Dan Ronan | Associate News Editor
September 10, 2020
Business, Technology, Fuel, Autonomous

Musk 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. 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.

Christoph Rauwald | Bloomberg News
September 4, 2020
Government, Business, Technology, Fuel

VW CEO Backs Bill Gates’ Proposals for Greener Transportation

VW CEO Herbert Diess praised Bill Gates' proposals for cleaner 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.

Christoph Rauwald | Bloomberg News
August 27, 2020
Business, Technology, Autonomous

SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil

VW e-vehicle 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, 2020
Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. 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.

Christoph Rauwald | Bloomberg News
July 24, 2020
Business

Volkswagen CEO Herbert Diess Giving Up Managing VW Brand

Herbert Diess 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.

Christoph Rauwald | Bloomberg News
June 8, 2020
Government, Business, Fuel

VW’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. 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

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