Volkswagen News Updates

Volkswagen is restructuring to slim its sprawling portfolio and lift profitability. Ducati is one brand that could be jettisoned even though the motorcycle maker is among the group’s most prestigious assets.

CEO Oliver Blume has identified North America as one of VW’s biggest remaining growth opportunities, particularly in rugged SUVs and pickups where the group has little presence.

The platform will be deployed across Traton’s truck brands, including International, Scania, MAN and Volkswagen Truck & Bus.

Cutting out Ducati would help streamline VW’s portfolio to focus on carmaking. VW is trying to slim down in an effort to make Europe’s biggest carmaker more competitive. 

Volkswagen's supervisory board backed a sweeping overhaul that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint.

VW holds an 87.5% stake in Traton. Its goal is to bring down the Traton holding to 75% plus one share to retain control.

Volkswagen should consider “every option” to usher in a turnaround, Porsche Automobil Holding said Aug. 7, its strongest plea yet for swift change.

Two ex-Volkswagen engineers denied charges they made a combined $300,000 trading on secret information about the carmaker’s planned $5 billion joint venture with EV maker Rivian.

Labor officials have sharply criticized Oliver Blume after details of the restructuring proposals, which could double the total number of job reductions to 100,000, were leaked in the media.

Priced from around $32,000, the ID. Cross will pad out VW’s lineup of affordable electric city models that are increasingly competing with the likes of BYD’s Dolphin Surf.