Business, Technology, Autonomous

VW Finance Chief Outlines Road Map for $221 Billion Ambition

Volkswagen ID.3 ID.3 by Volkswagen AG

Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double its market value and gain investor recognition for the industry’s most ambitious technology push.

Christoph Rauwald | Bloomberg News
October 28, 2019
Government, Business, Fuel

Volkswagen to Pay Up to $87 Million in Australia for Scandal

VW cars Volkswagen cars at a dealership in Sydney by Rick Rycroft/AP

CANBERRA, Australia — Volkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer said Sept. 16.

Rod McGuirk | Associated Press
September 16, 2019
Business, Technology, Autonomous

VW Piles Into Crowded Car-Sharing Market With All-Electric Fleet

vw Alex Kraus/Bloomberg News

Volkswagen AG will dive into the increasingly crowded car-sharing market with its WeShare offering, which will seek to distinguish itself from rivals with an electric-only fleet.

Chris Reiter | Bloomberg News
June 27, 2019
Business, Technology, Autonomous

VW, Ford Near Deal on Electric, Autonomous Vehicles

VW I.D. Buggy electric concept automobile A logo is displayed on the steering wheel of a VW I.D. Buggy electric concept automobile. (Chris J. Ratcliffe/Bloomberg)

Volkswagen AG is nearing a deal to cooperate with Ford Motor Co. on electric-car technology and self-driving vehicles, according to CEO Herbert Diess.

Christoph Rauwald | Bloomberg News
June 13, 2019
Business, Technology, Equipment

VW Advances Truck Unit IPO Despite Shaky Stock Market, Trade Woes

vw Freight trucks manufactured by MAN SE and Scania AB stand on display. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG set plans to list its heavy-truck division Traton SE in Frankfurt, Germany, and Stockholm, moving forward with one of the year’s largest European public offerings despite a wobbly stock market and a swirling trade war between China and the United States.

Christoph Rauwald | Bloomberg News
June 4, 2019
Business, Technology, Equipment

VW Stock Gets Boost From Planned IPO of Heavy-Truck Division

vw A Traton International LT A26 haulage truck. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG shares climbed the most in two weeks after the German automaker revived plans for a partial offering of its Traton SE heavy-truck division and said it may dispose of two noncore businesses.

Christoph Rauwald | Bloomberg News
May 14, 2019
Business, Technology

VW’s ID.3 Seen as Direct Challenge to Tesla’s Supremacy in Electric Market

vw The electric Volkswagen ID Roomzz on display at the Shanghai Auto Show (Qilai Shen/Bloomberg News)

Volkswagen AG is about to find out whether consumers will back its 30 billion-euro strategy to topple Tesla Inc. as the electric-car leader. The German auto giant is taking 1,000-euro deposits to secure one of the first in a new range of battery-powered models.

May 8, 2019
Business, Technology

VW Said to Revive Push to Separate Peripheral Units

vw The Volkswagen ID. Roomzz electric SUV stands on display at the Auto Shanghai 2019 show. (Qilai Shen/Bloomberg News)

Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
May 6, 2019
Business, Technology

VW Creates Buzz Before EV Launch

vw Qilai Shen/Bloomberg News

Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.

Elisabeth Behrmann | Bloomberg News
May 2, 2019
Business, Technology

Toyota Sees Electric Cars ‘Down the Road,’ but Future is Now for VW

Toyota Tomohiro Ohsumi/Bloomberg News

Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs.

April 17, 2019