Volkswagen AG Unsponsored ADR (VWAGY)
Porsche and Volkswagen CEO to keep dual role until restructuring complete, WirtschaftsWoche reports
Volkswagen and Porsche CEO Oliver Blume said his dual role at the helm of both companies was not meant to last forever but was necessary to complete the restructuring underway at the brand and wider group, WirtschaftsWoche magazine reported on Friday.
Volkswagen's entry-level electric car targeted at Europe, brand chief says
Volkswagen will focus the sales strategy for its 20,000-euro ($21,580.00) electric car coming out in 2027 on Europe, its brand chief said on Wednesday, adding the carmaker needed until then to bring down battery costs to sell it at that price.
Volkswagen's cheapest EV ever is the first to use Rivian software
Volkswagen's ultra-cheap EV called the ID EVERY1 — a small four-door hatchback revealed Wednesday — will be the first to roll out with software and architecture from Rivian, according to a source familiar with the new model.
Volkswagen to Recall More Than 60K Vehicles to Fix Display Defect
VWAGY is set to recall 60,490 vehicles in the United States to fix a defect that prevents the display of the gear position.
Volkswagen to recall over 60,000 US vehicles, NHTSA says
Volkswagen is recalling 60,490 U.S. vehicles due to a failure to display the gear position that may result in a vehicle rollaway if the parking brake is not engaged, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Saturday.
Russian banker Kim boosts car leasing, finance portfolio with VW bank buy
Russian banker Igor Kim has acquired Volkswagen Bank Rus, the German automaker's former finance arm in Russia, federal tax documents showed, adding to the businessman's growing portfolio that includes British bank HSBC's former Russian subsidiary.
India singles out VW in $1.4 billion tax dispute, says Kia corrected course
Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show.
We are very concerned about the rise of the AfD, says IG Metall's chief negotiator at Volkswagen
Thorsten Gröger, chief negotiator at Volkswagen IG Metall, discusses the auto industry and German elections.
Italy's antitrust agency opens probe on Stellantis, Volkswagen, Tesla and BYD for misleading consumer information
Italy's antitrust agency said on Friday it had opened a probe on BYD , Stellantis , Tesla and Volkswagen for allegedly misleading consumer information on their electric vehicles.
China's CATL to deepen battery R&D cooperation with Volkswagen
CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said on Friday.
Rivian Q4 Earnings Preview: What's At Stake
Rivian's Q4 earnings report is critical, with a DOE loan and Volkswagen investments at risk depending on Gross Profit results, and with only 18 months of cash runway remaining. RIVN exceeded Q4 delivery expectations but needs to show stronger gross profit metrics and secure more capital to sustain growth. The partnership with Volkswagen is crucial, providing manufacturing knowledge and cash, but Rivian's overvaluation on key metrics remains a concern.
Volkswagen sets internal VW brand margin target of 6.5%, says Business Insider
German carmaker Volkswagen has issued internal targets to improve the profit margin for sales from its VW car business to 6.5%, up from about 2% previously reported, news website Business Insider said, citing documents it obtained.
