Volkswagen Group broke ground Thursday at the first of six battery factories it expects to build in Europe, the official kickoff of a new battery business that will invest $20 billion through 2030 to ...
Tag: Volkswagen
Volkswagen CEO says EV outlook is very good
An ID. Buzz photographed at a plant in Hanover, Germany, on June 16, 2022. Supply chain constraints — including those related to semiconductors — have been a major challenge for automakers in recent t...
Volkswagen looks to build new EV facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly ...
Volkswagen says supply-chain problems are easing even as some Audi buyers face year-long wait times
Executives with German automobile maker Volkswagen said at the World Economic Forum meeting in Davos, Switzerland, that supply-chain problems exacerbated by the Russia-Ukraine war are easing but they’...
Volkswagen Boss Predicts that German Auto Giant Will Surpass Tesla on EV Sales by 2025
Volkswagen CEO Herbert Diess stated at the WEF that the company’s EV sales will overtake Tesla numbers in three years. Volkswagen (ETR: VOW3) looks to supplant Tesla (NASDAQ: TSLA) as the world’s larg...
Global Chip Supply-Demand Imbalance Is Spurring Industry Change: NXP CEO Kurt Sievers
Visitors gather around a NXP trade show pavilion in Europe. Photographer: Simon Dawson/Bloomberg © 2015 Bloomberg Finance LP As the global semiconductor industry approaches mid-year, demand continues ...
Volkswagen CEO says carmaker will overtake Tesla on EV sales by 2025
The chief executive of Volkswagen believes Europe’s biggest carmaker can overtake Tesla to become the world’s largest seller of electric vehicles by 2025. Speaking to CNBC’s “S...
Covid-Hit Shanghai To Allow Gradual Reopening Of Malls And Markets, Xinhua Says
Members of a disinfection crew ride bicycles down a street in Shanghai, China on Saturday, May 7. … [+] Source: Bloomberg © 2022 Bloomberg Finance LP Shanghai will gradually allow shopping malls...
Volkswagen to prolong coal-fired power as Russia concerns continue
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty...
Volkswagen Subsidiary Skoda’s Electric Enyaq Might Be Too Successful
Skoda Enyaq iV electric car (Photo by Sean Gallup/Getty Images) Getty Images If an automaker starts out as a value brand, like say Kia or Hyundai of Korea, and because of great success over the years ...
Porsche And Audi To Join F1 As A Sign They Can Make More Money Than Invest
Volkswagen-owned Porsche and Audi will be joining Formula 1 in 2026. Porsche will be partnering with … [+] Oracle Red Bull Racing for power plants. (Photo by Mark Thompson/Getty Images) Getty Im...
Profit Falls At World’s Largest EV Battery Maker CATL Even As Sales Soar 136% In First Quarter
Solar panels stand in front of Contemporary Amperex Technology’s headquarters building in China in … [+] 2020. Photographer: Qilai Shen/Bloomberg © 2020 Bloomberg Finance LP Rising global ...
Unfavorable Views Of China At New High In Pew Survey Of Americans
Vladimir Putin, Russia’s president, right, answers questions as he sits beside Xi Jinping, China’s … [+] president, at the St. Petersburg International Economic Forum in 2019. Photographer...
European Carmakers Will Report Impressive Profits, But War Ruins Short Term Prospects
Aerial view new cars for sale stock lot row, New Cars dealer inventory import export business … [+] logistic global. getty Europe’s automakers will report strong profits for the first quarter in...
How Porsche’s Jewish Cofounder Was Driven Out Of The Company By The Nazis
In an exclusive excerpt from Nazi Billionaires, German entrepreneur Adolf Rosenberger helped the famed car company get rolling in the early 1930s—until Hitler rose to power. On the day that Adolf Hitl...
Competition Heats Up For Tesla In EV Market
Charger with Tesla logo at a Supercharger rapid battery charging station for the electric vehicle … [+] company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, ...
How The Shanghai Covid Shutdown Will Be Used Against The West
A Chinese flag is seen in front of containers at the Yangshan Deep-Water Port, an automated cargo … [+] wharf, in Shanghai. The port is closed all week do to Covid. (Photo from JOHANNES EISELE/A...
Tesla, GM, and Volkswagen Each Lead the Car Industry in R&D Spending
Text size A Tesla car at the company’s new factory in Germany. Christian Marquardt — Pool/Getty Images Does Tesla spend the most money on research and development? Or is it General Motors? Or Vo...
Why Are Tesla, Volkswagen And Nio Scrambling For Graphite?
The White House is now more desperate than ever to secure America’s supply chain of critical minerals. That includes rare earth elements and battery materials, such as lithium, cobalt, and graphite–al...
Volkswagen jumps after forecasting earnings’ growth in 2022. Is $255 the next target?
After remaining on a free fall since mid-January 2022, Volkswagen Group stock (ETR:VOW) may have found a bottom at $186. The stock rose more than 5% on Wednesday after the automaker projected higher s...
Volkswagen VOW VWAGY 2022 annual meeting EV updates
A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Volkswagen said Tuesday that ...
Volkswagen unveils new electric ID. Buzz microbus
Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automa...
Volkswagen to Build $2.2 Billion New EV Plant to Keep Up With Tesla
(Bloomberg) — Volkswagen AG is moving ahead with a plan to add an electric-car factory in Germany to keep pace with Tesla Inc., whose plant near Berlin is set to ramp up in the coming weeks. Mos...
Should I sell Volkswagen shares after the company reported that it would suspend its business in Russia?
Volkswagen shares have weakened more than 20% last trading week, and the company reported that it would suspend its business in Russia. Supply chain issues continue to pose downside risks The war betw...
Russian Sanctions May Cripple a Once Promising Car Market
Trappings of war typically include ruthless mass destruction and systemic and deep rooted pain to a country’s economy. And Russia’s invasion of Ukraine is leading to precisely that. Wester...
Volkswagen Wants to Launch Porsche in Pursuit of Tesla
A long-awaited duel in the lucrative and promising electric-vehicle sector is taking shape. It’s a dream poster. And guessing the winner would be difficult as each of the two adversaries have st...
Volkswagen Plans IPO of Porsche to Ignite EV Shift Momentum
(Bloomberg) — Volkswagen AG is preparing an initial public offering of Porsche, seeking a listing of its most profitable asset to help boost the parent’s valuation and fund the push into electri...