Matthias Mueller

VW says will invest over 34bn euros

Frankfurt - Muslimchronicle

German automaker Volkswagen on Friday said it planned to invest more than €34 billion ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. “We are reinventing the car,” chief executive Matthias Mueller said after a meeting of the group’s supervisory board. The bulk of the 2018-2022 spending spree would goRead more

VW says will invest over 34 bn euros in cars of the future by 2022

Frankfurt am Main - Muslimchronicle

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. "We are reinventing the car," chief executive Matthias Mueller said after a meeting of the group's supervisory board, adding that the bulk ofRead more

VW says will invest over 34 bn euros in cars of the future by 2022

Frankfurt am Main - Muslimchronicle

Target Porsche employees

Frankfurt am Main - Muslimchronicle

Investigators in Germany said Monday they are probing employees of luxury sports car maker and Volkswagen subsidiary Porsche over emissions cheating. Prosecutors in the southwestern city of Stuttgart, a car industry bastion, said in a statement they had opened a probe against "persons unknown working for the car maker and a US subsidiary". The investigation into "suspicion of fraud andRead more

Volkswagen manipulated France sales figures

Frankfurt am Main - AFP

German car giant Volkswagen's French subsidiary manipulated sales figures for years to present an unrealistically positive picture to central management, news weekly Der Spiegel reported Friday. From 2010 onwards, around 800,000 cars from the Volkswagen brand as well as its Audi, Seat, Skoda and commercial vehicles subsidiaries were listed as having been delivered before they were even registered to driveRead more

Volkswagen CEO sees case for building own battery factory

Frankfurt - Arab Today

Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal. Volkswagen and its labor unions agreed on Friday to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025. TheRead more

VW reviews supplier strategy after dispute delays production

Hamburg - Arab Today

Volkswagen CEO Matthias Mueller has vowed to review the German car giant’s procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month. Still reeling from a diesel emissions scandal, VW will re-examine contracts that leave the group dependent on a single supplier after the dangers were highlighted by its damaging wrangleRead more

Scandal-hit VW turns its sights

Frankfurt - Arab Today

Embattled auto giant Volkswagen unveiled Thursday plans to launch more than 30 all-electric models by 2025 as it seeks to reposition itself as a leading player in environmentally sustainable modes of transport. VW, currently entangled in a global engine-rigging pollution scandal, said in a statement that it plans to launch "more than 30 fully electric models" by 2025, which wouldRead more

VW managers in hot seat over bonus payments

Frankfurt - AFP

Public debate is raging in Germany this week over whether top executives at Volkswagen should be paid generous bonuses as the carmaker struggles to stem further fallout from its massive engine-rigging scandal. According to the German news agency DPA on Tuesday, managers could be willing to accept a reduction in their bonuses. A corresponding proposal had been put forward andRead more