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Volkswagen Says VW China Builds Battery System Factory In Anhui
Volkswagen Says Consortium Files Takeover Offer For Europcar
VW's Skoda Auto Expects Semiconductor Production To Gradually Ramp Up In Q4
Volkswagen AG is a Germany-based company that manufactures and sells vehicles. It operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
Auto & Truck Manufacturers
Berliner Ring 2
Hans Dieter Poetsch
Chairman of the Supervisory Board
Chairman of the Management Board, Group Chief Executive Officer
Deputy Chairman of the Supervisory Board, Employee Representative
Member of the Management Board, Responsible for Finance and IT
Member of the Management Board, Human Resources and Truck and Bus
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A former Volkswagen manager, who is on trial over the carmaker's emissions-cheating scandal, blamed company culture on Thursday for his and others' silence on the matter, but said he would have acted differently had he known the consequences.
Volkswagen AG said on Thursday it is building a new electric vehicle (EV) battery system factory in eastern China's Hefei city which will start production in 2023.
Software used by Volkswagen AG to alter pollutant emissions based on the outside temperature and altitude breaches EU law and cannot be justified by its role to protect the engine, an adviser to the EU's top court said on Thursday.
U.S. battery maker QuantumScape Corp said on Tuesday it had partnered with a large automaker to evaluate prototypes of its solid-state battery cells, sending the Volkswagen AG-backed firm's shares 11% higher.
U.S. battery maker QuantumScape Corp said on Tuesday it had partnered with an undisclosed large automaker to evaluate prototypes of its solid-state battery cells, sending the Volkswagen AG-backed firm's shares 11% higher.
A consortium led by Volkswagen on Monday handed in a proposal for a takeover of Europcar Mobility Group to France's market regulator AMF, Volkswagen said on Monday, following through on an announcement in July that an offer was underway.
Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker's other Chinese partners who fear they could be sidelined, sources familiar with the matter said.
Volkswagen AG said on Tuesday it planned to set up a venture capital fund, which would initially invest 300 million euros ($355.14 million) in decarbonization projects and start-ups.
Volkswagen is optimistic that there are sufficient funds, internal or external, to pull off its ambitious plan to build six large battery factories across Europe with partners by the end of the decade, its chief executive said.
Toyota Motor Corp said on Tuesday it expected to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system, in a bid to take a lead in the key automotive technology over the next decade.
Volkswagen may have to spend more to deliver its planned transformation, the German carmaker's supervisory board chairman said, particularly a shift towards autonomous driving.
* Cariad CEO: potential acquisitions part of our roadmap (Adds comments from Cariad CEO, context)
Volkswagen's namesake brand on Monday confirmed its margin target, the division's chief executive said, shrugging off the impact from a shortage of automotive chips as well as higher raw materials prices.
* Part of Volkswagen push to dethrone Tesla (Adds context, detail)
* 15% of Volkswagen's business will be mobility services (Adds details, comments, context)
Volkswagen AG on Tuesday asked the U.S. Supreme Court to reverse an Ohio court ruling that cleared the way for the state to move forward with a lawsuit over its diesel emissions scandal and manipulation of emissions-control systems.
The trial of former Volkswagen Chief Executive Martin Winterkorn on charges of conspiracy to commit organised commercial fraud looks set to be delayed, a court probing the carmaker's diesel emissions scandal said on Wednesday.
Volkswagen's Spanish unit SEAT has partly halted car assembly at its plant near Barcelona due to the global semiconductor supply bottleneck, the company said in a statement on Friday .
Volkswagen may need to cut production further due to a semiconductor supply bottleneck, the German carmaker said on Thursday.
Porsche SE, Volkswagen's largest shareholder, is facing a lawsuit in the United States over claims related to the carmaker's diesel emissions scandal.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.