Toyota Sees Vehicle Output Recovery in 2023, With Some Risks
(Bloomberg) -- Toyota Motor Corp. (NYSE:TM) expects vehicle production to exceed pre-pandemic levels, forecasting output of as many as 10.6 million vehicles during 2023 while warning...
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Volkswagen 1/10 ADR News & Analysis
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Volkswagen Sees China Market Accelerating After Tough First Quarter
(Bloomberg) -- Volkswagen AG (OTC:VWAGY) expects a recovery in China’s passenger car market growth this year once supply-chain stresses and a wave of Covid infections following the country’s...
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Volkswagen relishes competition in Chinese EV market
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said on...
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Volkswagen announces changes to Mexico, Canada supervisory boards
FRANKFURT (Reuters) – German car company Volkswagen Group announced on Thursday promotions in its North American operations, CFO and COO Arno Antlitz posted on LinkedIn.
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Volkswagen Group output on the rise in Q4 after full-year 7% drop
BERLIN (Reuters) -The Volkswagen Group reported a 14.3% rise in fourth quarter sales on Thursday but failed to turn around a significant drop in output in the first half of 2022, registering...
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Volkswagen’s Skoda Auto deliveries drop for fourth straight year in 2022
PRAGUE (Reuters) – Volkswagen unit Skoda Auto saw its global deliveries fall by 16.7% in 2022 due to parts shortages, supply chain problems and the war in Ukraine, but it expects...
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Sales of premium German cars held up better than Volkswagen during 2022’s supply woes
BERLIN (Reuters) – Premium brands BMW and Mercedes-Benz weathered 2022’s rocky supply chain better than the mass-market Volkswagen brand, company data showed on Tuesday, with the fourth...
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Greenpeace-led case against Volkswagen admissible, unlikely to succeed, German court says
By Victoria Waldersee BRAUNSCHWEIG, Germany (Reuters) – A case led by Greenpeace against Volkswagen demanding that the automaker tighten its carbon reduction targets is admissible but...
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Volkswagen brand deliveries at 4.56 million vehicles in 2022
BERLIN (Reuters) – Volkswagen brand deliveries of vehicles of all drive types were at 4.56 million in 2022, down 6.8% on the year, as semiconductor supply shortages will continue to bite...
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Auto Expo returns after 3 years; Mahindra & Mahindra, Volkswagen and others to skip the show
Mahindra & Mahindra, Skoda, Volkswagen and Nissan along with luxury car makers like Mercedes-Benz, BMW and Audi will skip the show that was originally scheduled to be held in 2022 but was...
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Before the Bell: Apple, Tesla, Salesforce, Gold; Volkswagen in Las Vegas
Markets closed lower Tuesday after opening with a gain. Wednesday's premarket session was also trading up. Will it last?
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Indian operations to play key role in Skoda Auto's entry into Vietnam
India is emerging as a key manufacturing hub for the Skoda Group that will venture into the Vietnamese market, the Skoda Auto Volkswagen India Private Ltd said on Wednesday.
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Volkswagen group's India sales rise 85% to 101,270 units in 2022
German automotive group Volkswagen's sales in India grew 85.48 per cent to 1,01,270 units in 2022, KODA AUTO Volkswagen India Pvt Ltd said on Wednesday. The group's sales in India stood at...
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Volkswagen group#39;s India sales grow 85% to 1,01,270 units in 2022
The group#39;s sales in India stood at 54,598 units in 2021.
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Volkswagen group's India sales grow 85 pc to 1,01,270 units in 2022
"While challenges around the ongoing chip shortage and increasing input costs continued, we successfully re-calibrated, taking action with agility and speed to minimise the impact of these,"...
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Hyundai is now world’s third largest carmaker; only behind Toyota, Volkswagen
While in India, Hyundai is the second best-selling car brand, apart from being the biggest exporter of vehicles, globally, it's now the third largest carmaker.
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Hyundai becomes 3rd largest carmaker, set to overtake Toyota, Volkswagen
While Toyota Motor Corp. and Volkswagen AG vie each year for pole position atop the global automobile industry, Hyundai has quietly slipped in behind them, surpassing General Motors Co.,...
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Volkswagen to refocus on raising productivity, warns of challenging 2023 – finance chief
BERLIN (Reuters) – Volkswagen will refocus on raising productivity after numerous challenging years and is targeting margin parity between electric and combustion engine cars in 2-3...
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Volkswagen: decision on location of battery plant in eastern Europe coming soon
BERLIN (Reuters) – Volkswagen will soon make a decision on the location of its planned battery plant in Eastern Europe and begin searching for a location in Canada, Chief Executive...
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Volkswagen shareholders to vote on special dividend from Porsche listing
BERLIN (Reuters) – Volkswagen shareholders gathered in Berlin on Friday to vote at an extraordinary general meeting on the payout of a special dividend of 19.06 euros ($20.28) per share...
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Volkswagen Virtus, Taigun, Tiguan prices to RISE from January 1, 2023: Details here
Volkswagen will soon hike the prices of its Indian range, which comprises Tiguan, Taigun, and Virtus, although the exact quantum of the hike remains unknown.
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After Maruti Suzuki & Tata Motors, Volkswagen set to increase prices of all cars
The Volkswagen line-up includes Polo, Vento, Taigun, Tiguan and the new sedan Virtus. The company currently has a network of 157 sales touchpoints across 117 cities in India.
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Volkswagen replaces chief designer with Porsche hire – Handelsblatt
BERLIN (Reuters) – Volkswagen has fired chief designer Klaus Zyciora and is bringing in Porsche chief designer Michael Mauer from Jan. 1, business daily Handelsblatt reported on...
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Volkswagen and Italy’s Enel launch joint venture for high-speed charging
BERLIN (Reuters) – Volkswagen and Italy’s Enel have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros...
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Volkswagen postpones decision on Eastern Europe gigafactory location
By Michael Elkins Volkswagen (ETR:VOWG) has announced that the company is postponing its decision on where to build a planned battery cell gigafactory in eastern Europe. The automaker cited...
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Volkswagen postpones decision on gigafactory in eastern Europe by several months -CTK news agency
PRAGUE (Reuters) – Volkswagen AG postponed its decision on the placement of a gigafactory for electric car batteries in eastern Europe by several months, CTK news agency reported on...
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Volkswagen expects difficult 2023 for financial services unit
(Reuters) – Volkswagen expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates.
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Volkswagen to invest $482 million in electrifying Wolfsburg plant
BERLIN (Reuters) -Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of the funds going into preparation for the production of the...
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Volkswagen to decide by early February on new planned Trinity plant – brand chief
BERLIN (Reuters) – Volkswagen will decide by late January or early February whether it needs a new factory to build its upcoming electric Trinity model, brand chief Thomas Schaefer said...
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Volkswagen CEO to present software ‘reality check’ to board on Dec 15
By Jan Schwartz HAMBURG (Reuters) – Volkswagen’s CEO will outline a new software and vehicle platform strategy to the carmaker’s supervisory board on Dec. 15 as he tries to turn his...
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Volkswagen resumes production at China plants
BERLIN (Reuters) – Volkswagen and FAW’s (SASACJ.UL) plant in Chengdu, China has resumed production after a brief halt and two lines which were suspended at the carmaker’s Chengchun plant...
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Volkswagen Tiguan Exclusive Edition SUV launched in India; check what's new
The Volkswagen Tiguan is powered by a 2.0L TSI engine mated to a 7-speed DSG transmission. It has a peak power of 190 PS and 320 Nm of peak torque delivering a fuel efficiency of 12.65...
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Volkswagen to discuss new software roadmap on Dec. 15 -Handelsblatt
BERLIN (Reuters) – Volkswagen Chief Executive Oliver Blume will present a long-delayed new software strategy for the carmaker at a supervisory board meeting on Dec. 15, Handelsblatt...
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Volkswagen inks battery deals with Belgium’s Umicore, Canadian govt
BERLIN (Reuters) – Volkswagen’s battery subsidiary Powerco and Belgium’s Umicore are to extend their cooperation on cathode material to Canada, which the carmaker is considering as the...
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Volkswagen’s Cariad to buy paragon’s AI subsidiary
BERLIN (Reuters) – Volkswagen software unit Cariad has agreed to buy automotive supplier paragon’s artificial intelligence specialist subsidiary, said paragon in a statement on...
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Porsche Stock Is a Wall Street Darling With 22% Surge Since IPO
(Bloomberg) -- Porsche AG (F:P911_p) is brimming with analyst favor a little over a month after its landmark initial public offering. Goldman Sachs Group Inc, JPMorgan Chase & Co., Citigroup...
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Stellantis Considers Ending All Carmaking in China After Jeep Exit
(Bloomberg) -- Stellantis NV may stop manufacturing cars in China as geopolitical tensions escalate and western manufacturers cede market share to domestic players.The producer of Peugeot...
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