Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago.
"We finished 2017 with the best performance ever for Volkswagen," Herbert Diess, chairman of the board of management of the Volkswagen passenger cars brand, said Sunday night at the Detroit AutoRead more
Volkswagen will invest €22.8 billion (SR100.85 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.
Most of that sum, around €14 billion, will be spent in Germany, Volkswagen said, adding that one of the keyRead more
The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing, and adapting to these will eclipse even big mergers such as PSA’s purchase of Opel, executives at the Geneva auto show said.
Peugeot maker PSA Group on Monday agreed to buy loss-making Opel from General Motors, creating Europe’s second-biggest carmaker behind VolkswagenRead more
Volkswagen on Tuesday said it wants to be the world leader in electric cars by 2025 as the German car giant unveiled a major shift to clean-energy vehicles in the wake of the dieselgate emissions cheating scandal.
The US market, where the pollution crisis first erupted, will play a key role in the revamp, VW brand chief Herbert Diess said,Read more
Volkswagen on Friday said it will cut 30,000 jobs at its own brand unit under a huge savings plan aimed at helping the German auto giant recover from the dieselgate emissions cheating scandal.
The deal, agreed with labour representatives after months of tortuous negotiations, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, VW brand chiefRead more
Volkswagen will cut 30,000 jobs worldwide under a huge savings plan after its dieselgate emissions cheating scandal, the German auto giant said Friday.
The plan, which includes 23,000 job cuts in Germany, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, said Herbert Diess, board chairman of Volkswagen Passenger Cars.
Source: AFPRead more