Volkswagen joins price war as new carbon emissions regulation looms in China

Photo by murat soyluoglu on Pexels.com SAIC Volkswagen Automotive Co is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules in the world's largest auto market. The joint venture between China's SAIC Motor Corp Ltd … Continue reading Volkswagen joins price war as new carbon emissions regulation looms in China

Volkswagen to manufacture EV batteries in Canada

Photo by Liam Gant on Pexels.com The European automaker Volkswagen announced that its battery company PowerCo will establish its first overseas "gigafactory” for battery cell making in St. Thomas in southwestern Ontario. Actual production is scheduled for 2027. Buildling the plant in Canada will grant Volkswagen access to both Canadian and US subsidies. Volkswagen has … Continue reading Volkswagen to manufacture EV batteries in Canada

Volkswagen US agrees to compensate victims of Takata Airbag explosions

The United States division of Volkswagen reached an agreement, totaling $42 million, due to defective Takata air bag inflators, as per a filing at a Miami-based United States District Court. Photo by Liam Gant on Pexels.com The agreement emerges as the most recent one by key automobile manufacturers, with the majority of the funds channeled … Continue reading Volkswagen US agrees to compensate victims of Takata Airbag explosions

A consultancy report on Volkswagen Group

A CONSULTANCY REPORT ON HOW TO IMPROVE VOLKSWAGEN’S COMPETITIVE ADVANTAGE AND CREATE SUSTAINABLE GROWTH THROUGH RESPONSIBLE MANAGEMENT AND REDUCED PRICE   TABLE OF CONTENT EXECUTIVE SUMMARY                                                            … Continue reading A consultancy report on Volkswagen Group

Volkswagen fined 1 billion euros by German authorities over diesel scandal

Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen for rigging diesel engine emissions worldwide. The €1 billion ($1.2 billion) penalty was announced Wednesday by public prosecutors and the company, which said it was hoping to turn a page on a scandal that has rocked the company and killed industry sales of diesel … Continue reading Volkswagen fined 1 billion euros by German authorities over diesel scandal

VW To Halt Golf Production As Supplier Dispute Hits 4 German Plants.

MUNICH -- Volkswagen Group is stopping production of its Golf hatchback at its main German factory in Wolfsburg as a dispute with two key suppliers escalates, reports said. The automaker is also cutting working hours at three other plants across Germany. Image: File Photo VW said Golf production was being hit because supplier ES Automobilguss … Continue reading VW To Halt Golf Production As Supplier Dispute Hits 4 German Plants.