Page 5 - Volkswagen

Want to be profitable irrespective of the numbers: Skoda Auto Volkswagen MD

In an exclusive interview with Business Standard, Skoda Auto Volkswagen India MD discusses the company's export and EV plans

Volkswagen's billionaire clan plotted CEO ouster when he was on US trip

Decision blindsided jet-lagged CEO under contract until 2025; software missteps were last straw after labour clashes

Volkswagen ropes in Porsche CEO Oliver Blume to lead as Diess steps down

Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume

Volkswagen CEO Herbert Diess to step down by Sept with Board consent

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.

Volkswagen to invest over $20 bn on EV batteries, to create 20,000 jobs

The automaker will create a new company called Power Co under CEO Frank Blome and the production at the plant will start in 2025

Volkswagen delivers over 2k mid-size Virtus sedans to customers in 2 weeks

The five-seater, all-new Virtus, was launched in the country on June 9, at an introductory price of Rs 11.21 lakh (ex-showroom) to reignite the premium mid-size sedan segment, as per the company.

M&M drives in Scorpio-N, hopes to stay in top gear with 'disruptor SUV'

Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster

Top Headlines: Battle for IPL rights, India's ties with Islamic nations

Two of the world's richet men, Jeff Bezos and Mukesh Ambani are set to clash over media rights of the Indian Premier League, which has a brand value of almost $6 billion

Volkswagen drives in mid-sized sedan 'Virtus' priced at Rs 11.21 lakh

The company's new offering would compete with the likes of Honda City, Maruti Ciaz, Hyundai Verna and the recently-launched Skoda Slavia in the mid-sized sedan segment.

'True to DNA': Volkswagen India to focus on premium cars, avoid hatchbacks

Brand image, taxation structure, and 'business economics' behind decision, says senior executive

Volkswagen plans to sell its first electric car in India in 2023

VW to import EVs within 2,500 unit limit to sell in India; carmaker plans to locally assemble EVs in the country by 2027

Virtus review: VW's sleek, good-looking sedan takes on underserved segment

Virtus bets big on price, local content and design

'Dieselgate': Volkswagen to pay $242 mn to around 91,000 British drivers

Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust

Mahindra & Mahindra to explore more partnerships for EV parts: CEO

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.

Volkswagen, Mahindra & Mahindra sign agreement to collaborate on EVs

The Volkswagen, Mahindra & Mahindra agreement comes in less than 6 months after Mahindra brought the curtains down on all kinds of collaborations with Ford Motor Co on December 31, 2021.

Volkswagen sees better chip supplies in second half boosting output

VW confirmed a projection that deliveries will rise by as much as 10% this year, it said Wednesday, even after production slumped by 12% during the first three months

Volkswagen, BP could expand e-car charging alliance to other regions

Volkswagen also has European charging cooperations with Italy's Enel and Spain's Iberdrola, with Diess saying there would soon be an update on the latter alliance

Volkswagen drives in Polo Legend Edition to mark 12 years of hatchback

The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards

Audi and Porsche to enter F1, get green light from Volkswagen

There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing

Volkswagen group crosses cumulative production of 1.5 mn units in India

Volkswagen group has crossed the cumulative production milestone of 15 lakh units in India across its three brands - Skoda Volkswagen and Audi, according to Skoda Auto Volkswagen India Pvt Ltd