Volkswagen to invest $193 bln to hit EV target
16 March 2023 | 5:33 am
Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday (March 14), with spending on combustion engines to fall from 2025.
In this article
24 Jan 2019
Herbert Diess, chief executive officer at Volkswagen, discusses the potential impact of auto tariffs, joining forces on vans with Ford Motor Co., and expectations for industry consolidation.
16 Mar 2019
Despite high profits in 2018, Volkswagen has announced heavy job cuts. The company has said it would reinvest the money into developing electric vehicles.
22 Apr 2019
A VW manager, charged recently alongside former CEO Martin Winterkorn, is now being investigated over nearly $1 million in bonuses. The huge cash pile was paid after the Dieselgate emissions scandal came to light.
4 May 2019
Frank Witter, chief financial officer at Volkswagen, discusses the importance of China to his business, how a U.S.-China trade agreement would impact the company, enlarging their footprint in the U.S., expansion in China, the drop in sales in Audi and Porsche, the potential for job cuts, an IPO for the trucks division and unlocking value in their sports car division.
23 Jun 2019
Factory workers at a Volkswagen plant in Tennessee have voted against unionizing. The vote dealt a blow to UAW efforts to gain a foothold among foreign auto facilities in the southern part of the United States.
15 Jul 2019
Herbert Diess, Volkswagen AG chief executive officer, and Jim Hackett, Ford Motor Co. chief executive officer, discuss the automakers' agreement to extend their partnership in electric and self-driving car technology. They speak with Bloomberg's David Westin on "Bloomberg Markets."
25 Aug 2019
The iconic car rolled off the assembly line in July 2019 after more than two decades since its relaunch. There are only 65 'Final Edition' Beetles available, and they can only be bought in Mexico.
2 Sep 2019
The German multinational company are due to be pay $96.5 million (€87.6 million) for the error. VW admitted in 2015 that up to 11 million cars had been fitted with software designed to deceive emissions testers.
1 Oct 2019
What has the 'dieselgate' scandal cost Volkswagen?
18 Nov 2019
The German car giant said it will invest even more money than previously planned into expanding its electric fleet. Over the next decade, VW plans to roll out 75 completely electric models and 60 hybrid vehicles.
30 Nov 2019
VW is under pressure for working with the Chinese government in Xinjiang after evidence of human rights abuses against Uighurs in the region. Meanwhile, the German and US governments urged China to uphold human rights.
31 Jul 2020
Nearly 50 hours of secretly recorded conversations appear to show Volkswagen engaging in legally dubious behavior in a dispute with a supplier. Now the carmaker is investigating who released them to the media.
1 hour ago
Britain is in the throes of a serious economic crisis and many Scots are wondering if things wouldn’t be better if their country was independent.
1 hour ago
Russia's Putin is set to deploy tactical nuclear weapons in Belarus. Defense experts warn this could reduce NATO response time in the case of an attack.
1 hour ago
Thousands of protesters in Kenya defied a police ban on the demonstrations called by opposition leader Raila Odinga.
2 hours ago
IAEA chief Rafael Grossi has met with Zelenskyy close to the Zaporizhzhia nuclear power plant. Meanwhile, The Kremlin brushed off Western criticism over a plan to base nuclear weapons in Belarus. DW has the latest.
2 hours ago
Remote islands in Japan's Okinawa prefecture have begun evacuation drills amid worries that China could attack Taiwan. But experts say the task may be much harder than it appears.