Volkswagen CEO

Cavallo warned emotions will run high and management will be "very uncomfortable" at the meeting, expected to last several hours

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

The Indian company will be the first external partner to use the unified cell, a new cell technology that Volkswagen plans to use for 80% of its battery cells and promises will reduce costs by half

The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa

German luxury carmaker Audi on Friday reported 89 per cent growth in retail sales in India at 7,931 units last year as compared with 2022. The company had sold a total of 4,187 units in 2022. The sales growth last year was mainly driven by new launches -- Q3 Sportback, Q8 e-tron, and Q8 Sportback e-tron -- along with continued demand for the A4, A6, and Q5. Besides, top-end models like the Q7, Q8, A8 L, S5 Sportback, RS5 Sportback, RS Q8, e-tron GT, and the RS e-tron GT continued to witness strong demand. "2023 marks another successful year for us and our diverse and desirable product portfolio continues to garner robust demand," Audi India Head Balbir Singh Dhillon told reporters here. He noted that the company's retail footprint is expanding, culminating at the year-end with a total of 64 touch points, including showrooms and workshops, and 25 Audi Approved: plus showrooms nationwide. "We are confident that this momentum will carry into 2024," Dhillon said. Audi India continu

German carmaker Volkswagen Virtus GT DSG will be available in each of the seven varieties- Wild Cherry Red, Curcuma Yellow, Carbon Steel Grey, Rising Blue, Candy White, Lava Blue and Reflex Silver

The Tayron will replace the seven-seater Tiguan AllSpace which is set to retire after its current generation

The electric crossover was unveiled globally in 2021. It was also a part of the 2020 Auto Expo

Volkswagen AG is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets

Herbert Diess, the CEO of the German automaker Volkswagen, is stepping down, the company announced Friday. The Wolfsburg, Germany-based company said Diess, who took over as CEO in 2018, will depart September 1 by mutual consent with the board. His contract was set to expire in 2025. Diess presided over the automaker at a time of significant change in the industry, including a shift toward producing more electric vehicles. Hans Dieter Ptsch, chairman of Volkswagen's supervisory board, thanked Diess in a statement and praised his role in advancing the transformation of the company. Not only did he steer the company through extremely turbulent waters, but he also implemented a fundamentally new strategy, Ptsch said. Oliver Blume, who is now CEO of Porsche, will succeed Diess. Volkswagen also said the company's chief financial officer, Arno Antlitz, will become the new chief operating officer.

Herbert Diess, chief executive of VW Group, highlighted the UBS note on Twitter and shared the market capitalisation milestone.

Diess dismissed concerns Europe's largest automaker could be degraded to a contract manufacturer for technology firms

Diess, 62, received a fresh vote of confidence from the VW supervisory board this month to make the sprawling industrial conglomerate more nimble

Volkswagen will tweak its strategy to maintain investment momentum for developing electric and autonomous cars as it tries to make up for lost revenues caused by the coronavirus pandemic, CEO said

Volkswagen is shifting from being a manufacturer of traditional vehicles to making self-driving and connected cars, a step which requires cost cuts and efficiency gains, he said

This October, the company sold over 3,000 cars in the compact and small sedan segments which include the Polo and Vento models

David Ashenfelter, a spokesman for the U.S. District Court in Detroit, confirmed a warrant for Winterkorn's arrest was issued