VW set to "accelerate" shift to electric vehicles
Volkswagen has announced it will be pushing to release a new EV brand each year until 2030, by which point it hopes 70% of its cars sold in Europe will be fully-electric, doubling their original plans...
View ArticleVW to cut 4,000 jobs via early retirement scheme
Volkswagen is to cut at least 4,000 jobs at its plants in Germany by offering early or partial retirement redundancies to selected older employees as a way of cutting losses from the pandemic in a move...
View ArticleAutomakers expect growth for 2021 despite car sales drop
Automakers such as BMW and Volkswagen announced on Wednesday they expect to see a significant increase in year-on-year revenue and profits and strong performance from all sectors despite the effects...
View ArticleVolkswagen sues ex-CEOs for breaching "duty of care" over Dieselgate
German automotive giant Volkswagen has said that it intends to claim damages from former CEO Martin Winterkorn and former Audi chief Rupert Stadler over the Dieselgate emissions scandal, accusing them...
View ArticleNew EVs may face production delays from 2027 as lithium capacity lags
The global market share of electric vehicles is set to rise so quickly that battery manufacturers will not be able to meet the demand for production requirements, according to new data from Rystad...
View ArticleChina's Geely targets premium EV market with new startup
Chinese automaker Geely has launched a high-end luxury electric vehicle startup named Zeekr hoping to tap into similar markets as rivals Tesla, Apple and Nio....
View ArticleVW expects further losses from chip shortage
German automaker VW has revealed it expects further losses attributed to the global semiconductor shortage that has severely affected electronics and automotive industries in the wake of the pandemic...
View ArticleThe semiconductor shortage may last into 2022
The last week has seen some new developments for the semiconductor shortage with automakers claiming the crisis could worsen as Asian suppliers prepare for manufacturing increases for the summer period...
View ArticleUK used car market sees 8.9% drop, SMMT says
The UK's used car market has seen an 8.9% decline in the first quarter, according to the latest data released by the Society for Motor Manufacturers and Traders (SMMT)...
View ArticleBosch develops renewable gasoline with 20% lower CO₂ emissions
The available range of renewable low-carbon fuels is growing. Following on from R33 Blue Diesel, Bosch, Shell, and Volkswagen have now come up with a low-carbon gasoline.
View ArticleVW & BMW to face reduced EU fines over emissions collusion
Volkswagen and BMW are to face reduced antitrust fines in the EU over clean air technology following a decision by regulators to narrow the scope of an investigation, Reuters has reported...
View ArticleAudi pins 2026 for shift to all-electric vehicles
Audi is planning to phase out the use of traditional combustion engines by 2026, according to board chairman Markus Duesmann, who addressed a panel of labour representatives and company officials on...
View ArticleVW to phase out combustion engines in Europe by 2035
Volkswagen has revealed the timeline for its phasing out of traditional combustion engines as it pins a 2035 date in Europe.
View ArticlePorsche forms joint venture with Croatian hypercar group Rimac
Porsche AG has announced plans to form a joint venture with Croatian hypercar firm Rimac Automobili that will include the transfer of luxury car brand Bugatti...
View ArticleEU fines Volkswagen and BMW €875m over emissions collusion
The European Commission has fined automakers BMW and Volkswagen for a total of €875 million over collusion to restrict competition for emissions-cleaning technology...
View ArticleUK to ban the sale of new diesel trucks by 2040
The UK is set to ban the sale of new diesel trucks by 2040 as part of its transport decarbonisation efforts as continues towards its climate goals...
View ArticleDutch court compensates VW cars rigged for dieselgate scandal
A Dutch court has awarded compensation for owners of Volkswagen cars equipped with emission-rigging technology which allowed the cars to lie about the number of emissions they produced...
View ArticleVolkswagen launches $3.4bn Europcar bid in mobility services bet
German automotive giant Volkswagen has launched a bid to acquire the car rental company Europcar in a $3.4 billion deal...
View ArticleVolkswagen Group moves to low-emission logistics with LNG ships
Volkswagen is the first automaker to transport most of its new vehicles overseas using low-emission LNG ships. By 2023 the Group plans to add four more LNG-powered ships with dual-fuel engines to its...
View ArticleBMW to increase emission reduction goals
BMW has increased its initial carbon emissions reductions goals to 40% over a car's lifecycle as well as value chain emissions decreases of 50% based on 2019 levels by 2030...
View ArticleRolls-Royce to go all-electric by 2030
Rolls-Royce is set to switch its entire automotive brand to all-electric models by 2030, the company revealed, becoming the latest luxury car brand to pledge towards electrification and decarbonisation...
View ArticleVW hopes to turn a profit in South America with €1bn investment
German automaker Volkswagen has revealed its plans to invest €1 billion over the next five years into new schemes in South America, hoping to turn a profit in the region for the first time since 2013...
View ArticleVolkswagen & Bosch want to industrialise battery production
Volkswagen and Bosch have announced a partnership that aims for the two companies to become leaders in the industrialisation of battery production...
View ArticleBrose & Volkswagen launch joint venture for seat systems
A new 50/50 joint venture between automotive supplier Brose and automaker Volkswagen, Brose Sitech, has launched onto the market in a bid to establish itself as an independent global supplier of seat...
View ArticleVolkswagen CEO expects semiconductor shortage to ease later this year
The CEO of German automaker Volkswagen has said that he expects the semiconductor shortage to continue throughout 2022, but that the company should be able to ramp up production in the second half of...
View ArticleVolkswagen low-carbon steel deal could make EVs greener
Volkswagen is looking to directly tackle the issue of slashing emissions along its value chain as it becomes one of the first major customers for Salzgitter's low-carbon steel, with plans to use it to...
View ArticleWhy Volkswagen is prolonging coal power at its Wolfsburg plant
The CEO of German auto giant Volkswagen has said the company may still need to keep burning coal to keep its huge manufacturing facility in Wolfsburg running, as a result of continued tensions between...
View ArticleVolkswagen's €10bn investment in Spain
German carmaker Volkswagen and its Spanish subsidiary Seat have announced plans to build a €10 billion battery factory in the Spanish province of Valencia.
View ArticleVW to pump €20bn into new battery venture 'PowerCo'
Volkswagen is looking to turbocharge its electrification strategy, with executives revealing that it would be forming "PowerCo", a new battery development venture that could begin production as early...
View ArticleStellantis' European EV sales overtake Tesla, eyes top spot
Stellantis has comfortably overtaken Tesla in terms of electric vehicle (EV) sales in Europe in the first half of 2022, putting the company into the second spot and lagging not far behind Volkswagen...
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