Page 4 - Volkswagen

Volkswagen to launch its first electric vehicle ID.4 in India by 2024

ID.4 was launched globally in 2021 and is based on the ID Crozz concept, showcased at India's 2020 Auto Expo

Volkswagen unveils Taigun with two variants, two limited editions

The Virtus GT plus (DSG and Manual) in an exclusive "Deep Black Pearl" finish will make up the "GT Limited collection"

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs

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

Volkswagen plans to bring its first electric SUV in India next year

German carmaker Volkswagen plans to bring its first electric vehicle in India next year with the launch of premium electric SUV ID.4 to tap the opportunity in the fast growing electric mobility space in the country, a senior company official said on Tuesday. By 2030, Volkswagen expects 25-30 per cent of its total sales in India to come from EVs and the rest from internal combustion engine vehicles. The company, which has introduced a slew of new variants of its existing conventional engine models, Taigun and Virtus, is looking at a sales growth of 40-45 per cent this year. Volkswagen Passenger Cars India Brand Director Ashish Gupta said the company is following a two-pronged strategy of premiumisation and electrification to strengthen presence and enhance its position in India. "Our strategy is very clear. One is premiumisation and the second has to be naturally in line with global positioning, electrification," he told PTI here in an interaction. Asserting that electrification ha

Volkswagen plans to invest $193 bn in batteries in race for affordable EV

Volkswagen is striving to close a gap with electric vehicle (EV) pioneer Tesla by expanding its slice of the growing market for battery-powered cars

Volkswagen sets 180 bn euro spending plan to further new technology

Nearly 70% of the spending in the next half decade will go to electric vehicles and software, up from 56% during the previous rolling plan, VW said Tuesday.

Volkswagen to build major plant for electric vehicle batteries in Canada

Volkswagen announced Monday it plans to build a major plant for electric vehicle batteries in Canada. The European automaker said the Volkswagen Group and its battery company PowerCo will establish its first overseas ''gigafactory? for battery cell manufacturing in St. Thomas, in southwestern Ontario. The start of production is planned for 2027. The company signed an agreement last year with the Canadian government to work to identify suitable sites for such a facility in Canada. It also had committed to investigate ways for Canada to contribute to Volkswagen's battery supply chains, including raw materials and assembly. The province of Ontario set the stage last month for the announcement, introducing and quickly passing a law adjusting the municipal boundaries for a 1,500-acre ''mega site? in southwestern Ontario. The province's Economic Development Minister Vic Fedeli said at the time that the piece of land had straddled two municipalities, but that it was being fit into one to

We hope to capture 5% of the market by 2025: Skoda's Piyush Arora

We project an automotive growth of 6-7 per cent a year in the next decade and electrification growing between 15 and 25 per cent in that time

Volkswagen to reconsider India amid China geopolitical uncertainty

The carmaker's earlier efforts to boost its presence in India have often been bruising experiences

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., Nissan Motor

China's Covid zero strategy: Xi holds few cards to end historic protests

Beijing says it won't set up gates to block access to Covid-hit compounds anymore

Balenciaga joins other brands in quitting Twitter after Musk's takeover

Other companies have paused advertising on the platform, including General Motors, Volkswagen, Pfizer and General Mills.

Porsche overtakes Volkswagen as Europe's most valuable carmaker

Volkswagen is valued at 77.7 billion euros with Mercedes-Benz third among European carmakers with a 57.2 billion euro valuation

Volkswagen readies Porsche IPO in one of Europe's largest listings

Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion) that it can use for its push into software, services and electric and autonomous vehicles in line with the shifting focus of the global auto industry. Volkswagen was finishing the process of lining up investors and determining the final share price, which requires a decision of its board of directors, before the listing Thursday. The deal enables Volkswagen to tap into investor interest in Porsche, whose fat profit margins of 15% to 20% on vehicles like the 911 sports car and Cayenne SUV are far above the single-digit profits common to mass-market automobiles. The proceeds will help pay for Volkswagen's massive investments in revamping factories and research and development, sa

Porsche IPO poised to price at top end of range, say bookrunners

Volkswagen, Europe's largest carmaker and Porsche's owner, said earlier this month it would price preferred shares at 76.50-82.50 euros, giving a valuation of up to 75 bn euros

Boost for Europe market as Porsche IPO to raise up to $9.4 bn for parent VW

Porsche isn't alone in scaling back valuation targets, with Intel Corp. lowering expectations for its Mobileye IPO

German court keeps hearing farmer's climate case against Volkswagen

Environmentalists claimed a small legal victory Friday after a court in Germany said it would continue hearing a case brought by a local farmer seeking to force automaker Volkswagen to end the sale of combustion engine vehicles. Ulf Allhoff-Cramer says drier soil and heavier rains due to climate change are harming his fields, cattle and commercial forests. He argues that Volkswagen is partly to blame for this, as the mass production of vehicles running on gasoline contributes significantly to greenhouse gas emissions in the atmosphere. During a first hearing in May, a regional court in the western German town of Detmold appeared to cast doubt on those claims, with judges asking the plaintiff and his lawyers to provide further details to back up their legal arguments. On Friday, the court again asked for further details and set a new hearing for February 3. Environmental group Greenpeace, which supports the case, said it is the first time that a court will consider whether a car ..

Volkswagen to list Porsche in one of biggest IPOs in years: Report

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates

Volkswagen testing electric vehicles under Skoda brand for India

The all-electric Porsche Taycan has a starting price of Rs 1.5 crore, while the Audi e-tron price ranges from Rs 99.99 lakh to Rs 1.18 crore

Volkswagen group testing electric vehicles under Skoda brand for India

Volkswagen group has started testing some electric vehicles from the KODA brand in India as it evaluates the products to be brought to the country for electromobility targetting mass segment