VW Archives — City Business News

May 17, 2022 No Responses

VW Targets 800,000 Fully-Electric Cars This Year, 1.3m In 2023

Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the carmaker said, as it works towards making half its global output all-electric by 2030. It is optimistic that it will reach European...

May 9, 2022 No Responses

Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant

By citybusinessnews@yahoo.com — The National Automotive Design And Development Council (NADDC) has implored multinational firms such as Toyota Motor Corporation, Volkswagen and Nissan to establish production plants in Nigeria. Sp...

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 ...

March 20, 2022 No Responses

VW Joins Sustainable Mining Initiative

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).Big companies have com...

March 19, 2022 No Responses

VW Recalls 246,000 SUVs

Volkswagen is recalling more than 246,000 SUVs in the U.S. and Canada because faulty wiring harnesses can make them brake unexpectedly, sometimes while in traffic.The recall comes three days after The Associated Press reported that 47 people had com...

March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of th...

March 13, 2022 No Responses

VW Profits Surge Despite Selling Fewer Cars

Volkswagen said its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.The German automaker’s net profit rose 75% to 15.4 billion euros (USD 16.8 billion) in 2021.The...

March 3, 2022 No Responses

Toyota, Honda, VW, Jaguar Land Rover, Others Cut Business In Russia

Japanese car makers Toyota and Honda have joined the growing list of corporates pulling out of Russia as the Ukraine crisis continues to intensify. They follow western car makers Volkswagen, Volvo and General Motors, motorcycle maker Harley...

July 20, 2021 No Responses

VW To End Production, Sales Of Passat

The management of Volkswagen AG on Monday said it will end U.S. sales and production of the Passat sedan next year, the latest shift by automakers away from cars and toward larger sport utility vehicles.Volkswagen said it will end U.S. asse...

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...