Shares in Volkswagen, the world's second-biggest automaker, have soared this year as investors warm to its plans to go electric.
Earlier, the automaker caused an uproar last year with a video clip that showed a black man being controlled by a giant white hand
Volkswagen on Wednesday commenced bookings for the second batch of its SUV T-Roc in India priced at Rs 21.35 lakh (ex-showroom) as part of its plans to launch four SUVs in the country this year
The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker's US website.
Capable, well-equipped and nice-looking, VW's entry into the growing field of electrified utility vehicles will fit in with a lot of families
Top automakers such as Ford, Honda, GM and Volkswagen were caught off guard by the shortage even as auto demand picked up during the Covid-19 pandemic
Volkswagen in 2015 admitted using illegal software to rig diesel engine tests in the United States, sparking Germany's biggest corporate crisis
"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"
The brand will deliver more than 450,000 electric cars this year, the company said on Wednesday. Volkswagen is targeting 1 million electric vehicle deliveries for the wider group
Preferred shares in the company rose as much as 5% to their highest level since July 16, 2015
Volkswagen is also working on a major expansion of charging infrastructure, a lack of which is still seen as a big barrier to the mass adoption of battery-powered cars
The fresh target comes as Volkswagen accelerates its push into electric mobility to close a gap with Tesla
Traton said the US Justice Department's external monitor related to its diesel-emissions scandal was informed of the case a year ago
Volkswagen's luxury division Porsche AG has agreed to raise its stake in Rimac Automobili to 24%, the firm said on Monday, in a deal that values the Croatian electric hypercar maker at 795 mn euros
The group also said its operating profit, stripping out special items related to the diesel scandal, fell 45% to 10.6 billion euros ($12.83 billion) last year
Brainchild of new CEO Thierre Bollore, move forms part of 'Reimagine' strategy of Tata Motors' UK arm; Britain to ban sale of gasoline and diesel cars from 2030, putting pressure on legacy carmakers
Germany's Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker's battery technology, its chief executive Herbert Diess said
Volkswagen AG called itself an unintended victim in a battle between two battery suppliers and urged the US govt to extend a reprieve to buy batteries key to its planned USelectric vehicle production
China is the world's biggest autos market, and also accounts for the largest part of Volkswagen's sales.
"We won't produce chips ourselves," Markus Duesmann, Volkswagen's board member in charge of research & development and head of luxury unit Audi, told Reuters