By Johannes Neudecker, dpa SHANGHAI (CONVERSEER) – In the race to develop autonomous driving technology, German automotive giant Volkswagen is taking a significant step by developing its own artificial intelligence (AI) chips in China. “By designing and developing the System-on-Chip here in China, we are taking control of a key technology that will define the…
By Julian Weber, dpa STUTTGART (DPA, CONVERSEER) – Oliver Blume is to step down as chief executive of German sports carmaker Porsche, the Stuttgart-based company said on Friday. Blume also serves as chief executive of Porsche’s parent company, the Volkswagen Group, a dual position that has attracted significant criticism amid years of struggles for the…
BERLIN (DPA, CONVERSEER) – Volkswagen (VW) is offering to make large-scale investments in the United States to ward off high tariffs on its imported vehicles, according to chief executive Oliver Blume. “The Volkswagen group aims to invest more in the US,” Blume told Germany’s Süddeutsche Zeitung daily in remarks published on Friday. VW already employs…
By Julian Weber, dpa Germany’s leading car manufacturers lagged behind much of the global competition last year, struggling with weak sales and falling profitability, according to an analysis by auditing and consulting firm EY.While Volkswagen reported a slight sales increase in 2024, BMW and Mercedes-Benz saw declines, leading to an overall revenue drop of 2.8%…
The Volkswagen luxury sports car subsidiary Porsche plans to keep its dividend at last year’s level despite higher costs linked to efforts to improve profitability. The German car manufacturer said that, pending final approval from the supervisory board, it would propose maintaining the dividend at approximately the same level at the annual general meeting.For 2023,…
Berlin, Germany – Sales of electric vehicles in Germany collapsed in 2024 following the cancellation of a government subsidy, official figures showed on Monday. Around 380,600 electric cars were newly registered over the course of the year, 27% fewer than in the previous year, according to the Federal Motor Transport Authority (KBA). Electric models represented…
By Frank Johannsen, dpa Wolfsburg, Germany – Rolling strikes hit nine of auto giant Volkswagen’s plants across Germany for the second time this month, as the Volkswagen workforce protests painful proposed cuts at Europe’s largest carmaker.Monday’s strikes ratchet up the pressure on management on the same day that the fourth round of collective bargaining negotiations…
Berlin, Germany – German auto giant Volkswagen has officially launched a joint venture with US electric vehicle manufacturer Rivian, committing to a $5.8 billion investment, $800 million more than previously planned, to accelerate its electric vehicle transition. The partnership is expected to produce its first models based on Rivian’s advanced electric car technology from 2027,…
By James Ovie Volkswagen unveiled a new entry-level electric SUV-ID.2all. This is also Volkswagen’s smallest electric SUV. It is positioned under the ID.4 and ID.5 and will be launched in 2026. Listed in the year. Volkswagen unveiled the ID.2all concept car in March this year, which it said would be “as spacious as a Golf…
