VOLKSWAGEN

More in VOLKSWAGEN

• Volkswagen holds keys to Porsche's race against Ferrari

  2024 is shaping up to be a transition year, as Porsche AG launches several new models, keeping a lid on margins ahead of a more promising 2025 for the company that is 75.4% owned by Volkswagen.

  

• In historic election, Volkswagen workers in Tennessee vote to unionize

  Volkswagen workers in Tennessee voted decisively to become a union shop, according to election results released Friday, marking the first victory for organized labor at a foreign-owned auto plant in the American South. With a solid 73% supporting, employees in the Chattanooga plant voted for representation by the United Auto Workers at the 13-year-old factory, according to results released by VW, a triumphant outcome for organized labor in a region in which it has long failed to make major gains.

  

• Volkswagen to roll out new architecture with Xpeng to cut China EV costs

  "Competition is very fierce, and we have to adapt our cost structure to be competitive in this environment," Volkswagen Group board member and China chief Ralf Brandstaetter told reporters on Wednesday.

  

• Volkswagen to invest additional 2.5 billion euros in China

  German carmaking giant Volkswagen Group said Thursday it would invest 2.5 billion euros (USD 2.7 billion) to expand its operations in China as it tries to prevent a sales slide in its most important market. The new multi-billion-euro investment will be used to further expand Volkswagen's production and innovation hub in Hefei, in the eastern province of Anhui, the group said in a news release.

  

• Volkswagen to unveil new Golf model in UK on 50th anniversary

  This new release on April 11 represents the culmination of half a century of automotive innovation and success for Volkswagen, the company said.

  

• BYD takes fight to EV laggards with China price cuts

  The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil."

  

• Lamborghini posts record 2023 sales, helped by SUVs

  Italian sportscar manufacturer Lamborghini on Thursday reported record sales in 2023 with worldwide deliveries exceeding 10,000 units for the first time, helped by the success of its Urus SUV. "2023 was the best year ever recorded," the brand said in a press release, with sales up 12.1% to 2.66 billion euros (USD 2.9 billion) and deliveries up 9.5% to 10,112 vehicles. Operating profit reached 723 million euros, up 17.8%, with operating margins widening to 27.2%, said Lamborghini, which is owned by German automaker Volkswagen.

  

• Volkswagen unveils new ID. Buzz GTX with 4MOTION all-wheel drive

  Pre-sales will commence in the summer, expanding Volkswagen's lineup of sporty GTX models alongside the ID.3, ID.4, ID.5, and ID.7 Tourer, the company said.

  

• 'Money and roads' make Volkswagen think premium for India

  Mayer, who is on his first visit to India after assuming charge of international sales at the headquarters, said he was "pleasantly surprised" at the changes here. "The growth is impressive. People have the spending power. And it is not just smaller, cheaper cars that people are buying but the bigger and premium vehicles. Infrastructure has improved. People are taking more road trips. There is another use case today for buying more premium vehicles to travel comfortably with families," Mayer said.

  

• California, Stellantis strike vehicle emissions deal

  Under the agreement announced by the state and the company, Stellantis will comply with California's zero-emissions, light-duty vehicle sales requirements through 2030 even if the state cannot enforce its rules.

  

• California, Stellantis strike vehicle emissions deal

  Under the agreement announced by the state and the company, Stellantis will comply with California's zero-emissions, light-duty vehicle sales requirements through 2030 even if the state cannot enforce its rules. In addition, the company will not oppose California's authority under the Clean Air Act for its greenhouse gas emissions and zero-emission vehicle standards.