Volkswagen

Chinese buyers interested in unwanted German Volkswagen factories

Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites, a person with knowledge of Chinese government thinking told Reuters. Buying a…

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Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it plots a…

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Volkswagen considers historic German plant closures

Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals. Monday's move marks…

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Volkswagen is ready for Europe’s 2035 fossil-fuel car ban – CEO

ICH, Sept 4 (Reuters) - Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, Chief Executive Oliver Blume said at…

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Carmakers owe compensation for emissions cheating devices, German court rules

June 26 (Reuters) - Carmakers must pay compensation for diesel vehicles fitted with illegal emissions controlling devices, Germany's highest federal court ruled on Monday, in a case that could potentially…

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Volkswagen revenue jumps on growth in Europe, North America

BERLIN, May 4 (Reuters) - Volkswagen posted a 21.5% gain in first-quarter revenue on Thursday, boosted by higher prices and strong growth in Europe and North America, but operating profit…

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Volkswagen not planning new combustion engine Golf – Automobilwoche

BERLIN, April 2 (Reuters) - Volkswagen does not plan to develop a new combustion engine generation of its legendary Golf car, brand chief Thomas Schaefer told autos publication Automobilwoche on…

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Russian court freezes Volkswagen assets in Russia

By Gleb Stolyarov March 20 (Reuters) - A Russian court on Monday froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker's year-long efforts to wind…

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Volkswagen: Supply chain problems now the rule, not exception

BERLIN, Oct 28 (Reuters) - Volkswagen's chief executive warned on Friday that supply chain problems were now the rule and not the exception, with the carmaker sitting on 150,000 unfinished…

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Volkswagen does not see chip shortage ending in 2023 – Automobilwoche

BERLIN, Sept 19 (Reuters) - Volkswagen no longer sees chip shortages ending in 2023, and the German carmaker is preparing for the "new normal" of supply chain disruptions, Murat Aksel,…

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Under shadow of war, Porsche gears up for market debut

Preliminary steps to list Porsche on the stock market are expected in the coming days, six people familiar with the matter said, adding executives at parent Volkswagen and family members…

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VW defeat devices were illegal in certain conditions, EU’s top court says

BRUSSELS, July 14 (Reuters) - Software Volkswagen AG used to alter car emissions at certain temperatures constituted an illegal defeat device if run for most of the year, the EU's top court said on Thursday in…

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VW chief warns economic damage from war risks being worse than pandemic- FT

March 10 (Reuters) - Volkswagen AG's chief executive officer has warned that a prolonged war in Ukraine risks being "very much worse" for the European regions economy than the coronavirus pandemic, the…

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Volkswagen says to halt activities in Russia until further notice

MUNICH, March 3 (Reuters) - Volkswagen is stopping its business in Russia because of the conflict in Ukraine, the company said on Thursday. Production at Volkswagen's Kaluga and Nizhny Novgorod sites will be…

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BMW reigns with sales record in 2021 as Daimler, VW lose ground

BERLIN, Jan 12 (Reuters) - Volkswagen vehicle deliveries fell 8.1% in 2021 to just under 4.9 million hurt by supply chain bottlenecks, the carmaker said on Wednesday, adding it expected…

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Volkswagen cuts deliveries outlook as chip crisis bites

FRANKFURT, Oct 28 (Reuters) - Volkswagen cut its outlook for deliveries on Thursday, toned down sales expectations and warned of cost cuts as an ongoing shortage of chips caused it…

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Tesla pushing Volkswagen to accelerate electric vehicle shift

Competition from new entrants to Germany's autos market such as Tesla has pushed Volkswagen to accelerate plans to transform its main plant towards producing electric vehicles, the company said on…

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Volkswagen considering cutting up to 30,000 jobs

Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve competitiveness with players such as Tesla, German daily Handelsblatt reported on Wednesday. It cited a presentation made…

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VW might have to cut production further due to chip shortage

Volkswagen may need to cut production further due to a semiconductor supply crunch, the German carmaker said on Thursday, after a report that Toyota would slash output by 40% in…

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EU fines Volkswagen, BMW $1 billion for emissions cartel

The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they…

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VW to end sales of combustion engines in Europe by 2035

German carmaker Volkswagen will stop selling combustion engines cars in Europe by 2035 as it shifts to electric vehicles, but later in the United States and China, a board member…

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Volkswagen nears dieselgate claims settlement with former CEO Winterkorn

Volkswagen on Sunday said it had reached the broad outlines of a settlement with former boss Martin Winterkorn over his role in the dieselgate scandal, with the final details to…

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VW says Lamborghini is not for sale

Volkswagen has received a 7.5 billion euro ($9.2 billion) offer for Lamborghini, British weekly magazine Autocar reported, though VW's Audi said the supercar brand was not for sale. The non-binding…

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EU antitrust regulators set to fine BMW, Volkswagen on emissions collusion

EU antitrust regulators, which have drastically narrowed the scope of their case, are set to hand out sharply reduced fines to BMW and Volkswagen for hindering clean air technology, a person familiar with the matter said on Tuesday. The European…

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German prosecutors charge more VW managers in emissions scandal

German prosecutors have charged 15 executives from Volkswagen AG and a supplier in connection with the diesel emissions scandal, news agency Deutsche Presse-Agentur (dpa) reported on Saturday. The suspects are…

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Volkswagen admits marketing prank, pulls fake release on name change

Volkswagen AG's U.S. unit issued a false news release claiming it would rename its U.S. operations as "Voltswagen of America" in a marketing stunt designed to call attention to its…

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VW to cut up to 4,000 jobs via early retirement

Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several…

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Toyota beats Volkswagen to become World’s No.1 car seller in 2020

TOKYO, Jan 28 (Reuters) - Japan's Toyota Motor Corp overtook Germany's Volkswagen in vehicle sales last year, regaining pole position as the world's top selling automaker for the first time…

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Volkswagen faces EU fine for missing 2020 emissions targets

Volkswagen faces a fine of more than 100 million euros ($121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the world's largest…

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German court halts criminal proceedings against former VW CEO

A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker's emissions…

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Reports VW in talks to sell Bugatti to Croatia’s Rimac

Volkswagen is in talks to sell its supercar brand Bugatti to Croatian entrepreneur Mate Rimac, Manager Magazin said on Thursday citing people familiar with the talks. The sale to Mate…

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EU will be able to recall vehicles if they breach EU emissions limits

The European Commission will be able to recall vehicles and potentially revoke their roadworthiness certifications if they breach EU emissions limits, under new rules that apply from Tuesday and aim…

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VW postpones final decision on Turkey plant

Volkswagen Group has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country's military operation in Syria and…

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Volkswagen mulling sale of Lamborghini

Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported, citing people familiar with the matter. Chief Executive Herbert Diess in March…

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US sues Volkswagen over massive fraud

The US is suing Volkswagen over the diesel emissions scandal accusing the German carmaker of "massive fraud". Volkswagen's former chief executive Martin Winterkorn is also being sued. The Securities…

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Volkswagen announces heavy job cuts

Despite high profits in 2018, German carmaker Volkswagen has announced heavy job cuts. The company has said it would reinvest the money saved into developing electric vehicles. Volkswagen announced that…

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BMW, Daimler and VW (Volkswagen, Audi, Porsche) investigated for collusion in breach of EU antitrust rules

The European Commission has opened an in-depth investigation to assess whether BMW, Daimler and VW (Volkswagen, Audi, Porsche) colluded, in breach of EU antitrust rules, to avoid competition on…

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Iconic Beetle to go in hibernation

German car manufacturer Volkswagen will cease global production of its iconic Beetle after nearly seven decades of US sales, the company's American unit announced. In a statement issued on Thursday,…

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Audi’s CEO Rupert Stadler arrested in Dieselgate

EuroNews / Reuters - German authorities have detained the chief executive of Volkswagen’s luxury division Audi, Rupert Stadler, as part of a probe into manipulation of emissions controls. Stadler is…

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Volkswagen fined €1 billion over diesel scandal

CNN: Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen over the company's diesel scandal. The €1 billion ($1.2 billion) penalty was announced Wednesday by public prosecutors and…

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