Beijing: Volkswagen is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main … Read more
Ex-Audi CEO Rupert Stadler pleaded guilty at his “dieselgate” fraud trial Tuesday, admitting that he allowed vehicles equipped with emissions cheating software to remain on sale even after learning of the scam. The admission at the Munich district court comes as part of a plea deal that will see Stadler, who has been on trial … Read more
President Joe Biden will on Thursday unveil a target backed by the Detroit automakers for half of all cars sold in the United States by 2030 to be zero-emission vehicles, the White House announced. The move is the latest reversal by Biden of former President Donald Trump‘s climate and environmental policies, and aims to promote … Read more
ChargePoint, one of the world’s largest electric vehicle charging networks, on Tuesday said it has agreed to acquire operating software firm has.to.be for 250 million euros ($295 million) to expand its foothold in the European market. Founded in 2013, has.to.be, in which Volkswagen is a minority shareholder, employs 125 people in Austria and Germany. Its … Read more
It’s well before midday but chemical technician trainer Ralf Scharf is already heading to the company canteen. And lunch is the last thing on his mind. He’s here to get a Covid-19 jab, as his German employer Evonik Industries joins a push to ramp up the country’s immunisation drive by including company doctors in the … Read more
Auto giant Volkswagen is seeking more than a billion euros ($1.2 billion) in damages from ex-CEO Martin Winterkorn over the “dieselgate” emissions cheating scandal, German media reported on Friday. The sum would be the highest ever claim for damages against a company executive in Germany, according to the Sueddeutsche Zeitung newspaper. Volkswagen has written to … Read more
As the US economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport, and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it … Read more
As the US economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport, and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it … Read more
“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive officer of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.” Diess was speaking at an event VW dubbed “Power Day,” where the company laid out its big plans for beating Tesla Inc. and … Read more
Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion. “Our good performance in 2020, a year dominated by crisis, will give us momentum for accelerating our transformation,” Chief Executive Herbert Diess said … Read more