Volkswagen Archives — City Business News

August 16, 2022 No Responses

Hyundai Ranks Third In Global Vehicle Sales In 2022 First Half

South Korea’s Hyundai Motor Group on Monday said it positioned third in the first half of global vehicle deals on increased top-of-the-line model deals notwithstanding the absence of semiconductor chips. Hyundai Motor, its independent Genesis brand and Hyundai’s smaller member Kia...

July 11, 2022 No Responses

Volkswagen Invests $20b To Build EV Batteries

Volkswagen is to invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales.Volkswagen broke the ground for its first cell factory in Salzgitter, Germany in the presence of German.....

April 11, 2022 No Responses

VW Rejects Shareholder Push For Climate Lobbying Disclosures

Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have already promised to do, one of the investors said.A filing by ...

January 29, 2022 No Responses

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...

August 5, 2021 No Responses

Volkswagen Taigo SUV Debuts

Volkswagen has unveiled the all-new Taigo Sports Utility Vehicle (SUV) coupe.Volkswagen Taigo is the first SUV coupe by the brand to drive in the European roads. The company has already launched the compact crossover SUV as Nivus in South America and Mexico...

August 4, 2021 No Responses

BMW Declares $5.7b Profit In Q2

BMW on Tuesday disclosed that it attained $5.7billion net profit in the second quarter. The company explained that it benefited from strong pricing during the quarter and a predominance of more-profitable vehicles in its sales mix. It reaped ...

August 2, 2021 No Responses

Volkswagen Records $13.5 b Profit In Half-Year Performance

Volkswagen has raised its profit margin target for the second time in less than three months, pointing to record earnings in the first six months of 2021 that came in above pre-pandemic levels.The company said it now expected an operating return on...

July 21, 2021 No Responses

Volkswagen Introduces New Brand Design, Logo

German carmaker, Volkswagen Passenger Cars India on Tuesday said it is implementing a new brand design and logo across all its 150 dealerships in the country.Volkswagen is following a phase-wise approach, and it has implemented 30 touchpoi...

July 18, 2021 No Responses

Volkswagen Acquires Six LNG Car Carrier Ships

Foremost automobile firm, Volkswagen Group has concluded arrangement to boosts it logistics network with six Liquefied Natural Gas (LNG) Ships Under the arrangement, Volkswagen will transport most of its new vehicles overseas using ...

July 14, 2021 No Responses

Volkswagen To Double Charging Infrastructure By 2025

Volkswagen‘s electric vehicle (EV) charging unit, Electrify America, said on Tuesday it planned to more than double its charging infrastructure in the United States and Canada over the next four years.The company said it expects to have over 1,800 fas...

July 10, 2021 No Responses

Volkswagen Declares $13b Half-Year Profit

Volkswagen on Friday disclosed that first-half operating profit is expected to come in at around 11 billion euros ($13 billion), even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.Reuters report that the good resu...

April 14, 2021 No Responses

Volkswagen Rwanda Unveils New Charging Station For Electric Vehicles

Continuing the drive towards sustainable mobility for Sub-Saharan Africa, Volkswagen Mobility Solutions Rwanda (VWMSR) has unveiled its second charging station for electric vehicles in the capital of Kigali. The Volkswagen brand previously introduced a f...

March 17, 2021 No Responses

Volkswagen Is Worth $238b, Says CEO

Volkswagen, the world’s No.2 carmaker, is worth 200 billion euros ($238 billion), Chief Executive Herbert Diess, confirming a previously stated target on the back of a 38% share price increase so far in 2021.“Analysts, too, arrive at the...

March 6, 2021 No Responses

VW Doubles Sales Targets For Electric Vehicles

The flagship VW brand of German automobile giant Volkswagen said Friday it hoped electric vehicles would account for 70 percent of its European sales by 2030, doubling its previous target in the face of ever-stricter legislation.“We are stepping up...