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Volkswagen

Solid state: EV giants chase 'holy grail' of batteries

Solid state: EV giants chase 'holy grail' of batteries

Tue, Jan 16, 2024

The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW.

Automakers oppose US bid to force recall of 52 million air bag inflators

Automakers oppose US bid to force recall of 52 million air bag inflators

Wed, Dec 20, 2023

Delphi Automotive, part of Autoliv (ALV.N), manufactured approximately 11 million of the inflators through 2004 under a licensing agreement with ARC, which manufactured the remaining 41 million.

Mercedes-Benz India announces price hike for select models in response to rising operational costs

Mercedes-Benz India announces price hike for select models in response to rising operational costs

Wed, Dec 13, 2023

The price hike will range from Rs 60,000 for the C-Class to Rs 2.6 lakh for a GLS SUV and up to Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680.

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Volkswagen to cut 30,000 jobs at VW brand by 2021

Fri, Nov 18, 2016

German carmaker Volkswagen and its labour unions have agreed to 30,000 job cuts by 2021 at its VW brand as part of a plan to boost profitability and fund a shift to electric and self-driving cars after its emissions scandal, a source told Reuters on Friday.

Volkswagen's Audi hit with fresh emissions cheating lawsuit

Volkswagen's Audi hit with fresh emissions cheating lawsuit

Thu, Nov 10, 2016

Embattled Volkswagen is facing a new lawsuit in US courts over devices used to cheat emissions standards, this one against luxury brand Audi, according to court documents.

German prosecutors confirm investigation of VW chairman

German prosecutors confirm investigation of VW chairman

Mon, Nov 07, 2016

The investigation by prosecutors in Braunschweig focuses on whether Volkswagen (VW) in 2015 manipulated markets by delaying the release of information about the financial impact of its emissions test-cheating scandal.

Volkswagen board to discuss brand overhaul on November 4

Thu, Nov 03, 2016

Volkswagen's supervisory board will hold an extraordinary meeting on Friday, November 4, to consult on a wide-ranging restructuring of the carmaker, two sources close to the board told Reuters on Wednesday.

New car launches drive festive sales in October

New car launches drive festive sales in October

Tue, Nov 01, 2016

Volkswagen said that its sales shot up by 70% in October 2016 as the company launched 'made-for-India' Ameo is the reason for the this high growth in sales during the festive period.

Volkswagen brings 99 Polo GTIs to India

Volkswagen brings 99 Polo GTIs to India

Tue, Nov 01, 2016

Volkswagen's much awaited performance hatchback Polo GTI has received nearly 100 bookings before its launch in November.

Volkswagen expects 5-digit number of job cuts in coming years: Report

Volkswagen expects 5-digit number of job cuts in coming years: Report

Sun, Oct 30, 2016

Volkswagen (VW) expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief.

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Thu, Oct 27, 2016

The still incalculable costs of the affair -- including regulatory fines and legal costs -- pushed VW into the red for the first time in more than 20 years last year when it booked a loss of 1.6 billion euros due to the provisions it was forced to set aside.

Volkswagen to pay $175 million to US lawyers suing over emissions

Volkswagen to pay $175 million to US lawyers suing over emissions

Sat, Oct 15, 2016

Volkswagen AG , in another step to move past its costly diesel emissions cheating scandal, has agreed to pay $175 million (nearly Rs 1,164.23 crore) to US lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two people briefed on the agreement said on Friday.

Volkswagen's Ameo feels the heat of competition as sales slide 63% in September

Volkswagen's Ameo feels the heat of competition as sales slide 63% in September

Thu, Oct 13, 2016

Ameo is the cheapest in the C1 segment being priced at Rs 5.14 lakh. Even the top variant at Rs 6.91 lakh of Ameo is priced significantly lower than its competitors.

Volkswagen's MAN to cut 1,400 jobs at diesel-engine unit

Volkswagen's MAN to cut 1,400 jobs at diesel-engine unit

Fri, Sep 23, 2016

Germany's MAN SE plans to cut 1,400 jobs at its diesel-engine operations, aiming to increase savings by more than 450 million euros (nearly $500 million or Rs 3,326.4 crore).

Volkswagon's Audi R&D head to be suspended over emissions scandal

Volkswagon's Audi R&D head to be suspended over emissions scandal

Sun, Sep 18, 2016

Volkswagen`s Audi head of development will be suspended this coming week as part of the investigation into an emissions scandal, Bild am Sonntag reported citing sources.

Automakers tap Ola, Uber to push sales

Automakers tap Ola, Uber to push sales

Sat, Sep 10, 2016

In May, Toyota laid out plans to invest in Uber to create flexible vehicle leasing terms.

M&M-Ola tie-up set to shape future vehicle design; eyes Rs 2,600 crore revenue in next 2 years

M&M-Ola tie-up set to shape future vehicle design; eyes Rs 2,600 crore revenue in next 2 years

Thu, Sep 08, 2016

Indian automaker Mahindra & Mahindra's (M&M) tie-up with domestic ride-sharing giant Ola will not only drive car sales, but also influence and shape the design of its vehicles in the future, Chairman Anand Mahindra said on Thursday.

India's ride-hailing app Ola to announce joint initiative with Mahindra

India's ride-hailing app Ola to announce joint initiative with Mahindra

Wed, Sep 07, 2016

Indian ride-hailing firm Ola and the country's top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media.

Renault expects diesel engines disappearing from most of its European cars

Renault expects diesel engines disappearing from most of its European cars

Tue, Sep 06, 2016

Renault expects diesel engines to disappear from most of its European cars, company sources told Reuters, after the French automaker reviewed the costs of meeting tighter emissions standards following the Volkswagen scandal.

Volkswagen to compensate 650 US dealers, to spend at least $1.2 billion

Volkswagen to compensate 650 US dealers, to spend at least $1.2 billion

Fri, Aug 26, 2016

Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 US dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.

Volkswagen targets govt employees with 7th Pay Commission salary hike

Volkswagen targets govt employees with 7th Pay Commission salary hike

Tue, Jul 26, 2016

The 7th Pay Commission recommendations has left carmakers salivating for long. Maybe now the time has come for them to make a killing.

Volkswagen still long way from drawing line under engine-rigging scandal

Volkswagen still long way from drawing line under engine-rigging scandal

Wed, Jun 29, 2016

Financially, VW is on a solid footing, with annual sales of around 200 billion euros and a workforce of 600,000.

Volkswagen emission scandal: Company agrees to pay $10 billion as settlement in US

Volkswagen emission scandal: Company agrees to pay $10 billion as settlement in US

Thu, Jun 23, 2016

The San Francisco civil lawsuit accuses Volkswagen of major damages to the environment and to the owners of the illegally rigged diesel cars.

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