Self-Driving Startup Argo Completes $2.6 Billion Tie-Up With VW
Argo AI, the self-driving startup tightly aligned with Ford Motor Co., completed an expected tie-up with Volkswagen AG involving a $2.6 billion investment from the German automaker.
Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles
A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022.
VW to Start Search for New CFO
Volkswagen AG Chief Financial Officer Frank Witter is set to leave by the middle of next year after the carmaker agreed not to extend his contract by the customary five-year period, according to people familiar with the matter.
Volkswagen Postpones Restart of China Joint Venture Production
Volkswagen AG has postponed the resumption of production at its China joint ventures in the latest sign of the coronavirus’ impact on economic activity.
Volkswagen's Traton Unit Submits Buyout Offer for Navistar
Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.
VW’s Herbert Diess Confident He Can Catch Tesla in Electric Car Race
Volkswagen AG CEO Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead.
Volkswagen Raises Forecast for Electric Car Production
FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned.
German Automaker Audi to Cut 9,500 Jobs by 2025
BERLIN — Volkswagen subsidiary Audi says it’s cutting 9,500 jobs in Germany through 2025 as part of a transformation plan to make the company “lean and sustainable.”
November 26, 2019VW Challenges Rivals With $66 Billion Splurge for Electric Era
Volkswagen AG will ramp up spending on electric vehicles and automated driving by 36% as the world’s largest automaker challenges rivals to keep pace with an aggressive shift into the post-combustion era.
Volkswagen Breaks Ground on Chattanooga, Tenn., Electric Vehicle Facility
Marking construction of an electric vehicle facility in Chattanooga, Volkswagen of America today broke ground on an $800 million expansion that will add more than 700,000 square feet of new space to its plant.