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
Business, Technology, Autonomous

VW Pulls Truck Unit IPO in Setback to CEO’s Agility Revamp

vw A VW Heavy-duty truck on display at the IAA conference in 2018. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.

Elisabeth Behrmann | Bloomberg News
March 13, 2019
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
Government, Business, Technology, Equipment, Logistics, TCA

Funds From Volkswagen Diesel Scandal to Pay for Zero-Emission Trucks in California

Getty Images

State officials figure the Volkswagen diesel emissions testing scandal added an extra 10,000 tons of noxious nitrogen oxide to California’s air. To make up for it, the state will use $423 million of Volkswagen penalty money to cut the same amount of nitrogen oxide by subsidizing the purchase of zero-emission trucks, buses and other vehicles.

May 29, 2018
Business, Equipment

VW CEO Herbert Diess Urges Corporate Culture Change Amid Sweeping Revamp

Herbert Diess, CEO of Volkswagen AG, speaks during the automaker's annual general meeting in Berlin, Germany, on May 3. (Krisztian Bocsi/Bloomberg News)

Herbert Diess, CEO of Volkswagen AG, pledged to step up integrity and compliance efforts as part of the German manufacturer’s deepest overhaul since the diesel-emissions scandal came to light in 2015.

Christoph Rauwald | Bloomberg News
May 4, 2018