Volkswagen Archives — Page 4 of 5

November 16, 2019 No Responses

Volkswagen Budgets $66b For Future Car Models

Volkswagen is to plough 60 billion euros ($66 billion) by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans. The company explained on Friday that the sum is an increase...

October 31, 2019 No Responses

Volkswagen, Siemens Launch Electric Vehicle In Rwanda

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...

October 16, 2019 No Responses

Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully mon...

September 16, 2019 No Responses

Volkswagen Records 3.1% Drop In Sales

For the month of August 2019, Volkswagen Group has reported delivery of 848,600 vehicles globally, down by 3.1 per cent compared to August 2018 when it recorded 874,400 units. The group also informs that during the January-August period, it has...

August 24, 2019 No Responses

Volkswagen Recalls 679,000 Vehicles

Volkswagen AG said Friday it is recalling 679,000 U.S. vehicles sold since 2011 that could roll away because of an electrical issue. The automaker said drivers could remove the key after stopping without placing the car in park, which increases...

July 17, 2019 No Responses

VW Declares 974,400 Sales In June

Volkswagen Group in June 2019 recorded 1.6 per cent increase in its global sales, amounting to 974,400 units. The company explained that the number is mostly driven by 15 per cent growth in the Chinese market, where the Volkswagen Group...

July 14, 2019 No Responses

Volkswagen To Invest $1.12b In Battery Production Plant

Volkswagen AG says it is investing 1 billion euros ($1.12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company’s effort to electrify its vehicles. He...

June 23, 2019 No Responses

Volkswagen Wins Copyright Battle For Beetle

Volkswagen Group has won the battle of copyright for its iconic car Beetle in Europe. Daughter of car designer Erwin Komenda, who helped in styling the Volkswagen Beetle sought compensation amounting 5 million euros claiming the automaker used the origin...

September 11, 2018 No Responses

Investors Drag Volkswagen To Court Over €9B Diesel Damages

Volkswagen has gone on trial in Germany in what is the first court case against the carmaker over the diesel scandal. Investors are pursuing VW for about €9.2bn (£8.2bn) in damages, claiming the company should have come clean sooner...

September 4, 2018 No Responses

Nigeria, Volkswagen Seal Automotive Hub MoU

Nigeria has signed a Memorandum of Understanding (MoU) with the Volkswagen Group to develop a joint vision for an automotive hub in the country. Nigeria’s Minister of Industry, Trade and Investment, Dr. Okey Enelamah, signed on behalf of Nigeria,...

August 31, 2018 3 Responses

Volkswagen Seals Assembly Plant MoU With Ghana

Thomas Schaefer, Volkswagen Head of the Sub-Saharan Region and the Minister of Trade and Industry, Alan Kyerenmaten of Ghana signed a Memorandum of Understanding (MOU) in the presence of Angela Merkel, Chancellor of Germany and Mahamudu Bawumia, Vice-President...

August 26, 2018 No Responses

Volkswagen Sets Aside $4B For Digital Options, Software

Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services such as car sharing. The German automaker explained that it wa...

April 14, 2018 No Responses

VW Removes CEO, Unveils Restructuring Agenda

Volkswagen Group has removed Matthias Müller and replaced him with Herbert Diess as Chief Executive Officer. Previously CEO of the Volkswagen brand within the larger 12-brand corporation. According to the company, the move is part of an effort to...