Tag Archives: Volkswagen

Volkswagen Financial Services Concludes 2023 with Strong Results and Focus on Sustainability

(IN BRIEF) Volkswagen Financial Services has announced a successful conclusion to the 2023 financial year, marked by an operating profit of EUR 3.25 billion. Despite challenges such as negative valuation effects and a challenging interest rate environment, the company achieved … Read the full press release

Volkswagen and Mahindra Strike Major Deal for Electric Mobility Advancement

(IN BRIEF) In a significant move towards advancing their joint vision for e-mobility, Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed a landmark supply agreement for components of Volkswagen’s MEB platform to be integrated into Mahindra’s purpose-built electric … Read the full press release

AI IN JAN 2024 ACROSS EUROPE: THE LATEST IN AI (ARTIFICIAL INTELLIGENCE) RESEARCH, DEPLOYMENTS, DEVELOPMENTS, DEALS, ETC.

(IN BRIEF) From Bonn to Bilbao, Europe’s AI scene is buzzing with innovation. Major players like Deutsche Telekom, Ericsson, and Volkswagen are pushing boundaries through groundbreaking partnerships and integrations. Projects like NextGen are personalizing therapies using AI, while collaborations between … Read the full press release

Volkswagen Group Enhances Transparency by Adding Fitch Ratings to Assess Creditworthiness

(IN BRIEF) The Volkswagen Group, with annual financing requirements of approximately €20 billion, is a regular participant in the international bond markets. To provide greater transparency to investors, Volkswagen AG and Volkswagen Financial Services AG have decided to engage Fitch … Read the full press release

Skanska Hosts CEO Alliance Meeting for Accelerating Europe’s Climate Transition

(IN BRIEF) On February 1, 2024, Skanska organized the CEO Alliance meeting at the European Spallation Source (ESS) in Lund, Sweden, where CEOs of member companies from various industries convened to discuss collaborative strategies for sustainable business development and innovation. … Read the full press release

Volkswagen and DFB Promote Inclusion and Diversity in Football at SPOBIS Conference in Hamburg

(IN BRIEF) The SPOBIS Conference in Hamburg saw discussions revolving around inclusion, diversity, and football, featuring the German Football Association (DFB) and Volkswagen. The ‘Inclusion in Football’ workshop addressed topics such as inclusive football clubs, emphasizing experiences over results, and … Read the full press release

Volkswagen Reports Robust Global Vehicle Deliveries in 2023, With Strong Growth in Electric Mobility

(IN BRIEF) Volkswagen brand saw a significant increase in vehicle deliveries worldwide in 2023, with around 4.87 million vehicles handed over to customers, representing a 6.7% increase compared to 2022. The demand for all-electric vehicles also grew, with Volkswagen delivering … Read the full press release

Volkswagen Marks One-Year Milestone of Art4All Initiative, Providing Free Access to Neue Nationalgalerie

(IN BRIEF) Volkswagen celebrates one year of its Volkswagen Group Art4All initiative, which offers free access to the Neue Nationalgalerie in Berlin every Thursday between 4 and 8 p.m. The initiative aims to make art and culture accessible to a wide … Read the full press release

Volkswagen Revolutionizes In-Car Assistance with Cerence Chat Pro and ChatGPT Integration at CES 2024

(IN BRIEF) At CES 2024, Volkswagen announced the integration of ChatGPT, an AI-based chatbot, into its IDA voice assistant in select models, becoming the first volume manufacturer to offer ChatGPT as a standard feature in many production vehicles starting from … Read the full press release

Siemens AG Partners with Volkswagen for Electrification of Fleet with Up to 1,000 ID.4 Vehicles

(IN BRIEF) Siemens AG, a leading industrial company in Germany, is taking significant steps towards sustainability by partnering with Volkswagen Financial Services to electrify its fleet. The plan involves gradually adding up to 1,000 leased Volkswagen ID.4 electric vehicles to … Read the full press release

QuantumScape’s Solid-State Battery Achieves Remarkable Milestone: Over 1,000 Charging Cycles with 95% Capacity Retention

(IN BRIEF) QuantumScape, a U.S. technology company specializing in solid-state batteries, has achieved a significant breakthrough in battery development, as confirmed by PowerCo. Their solid-state cell has surpassed expectations by successfully completing over 1,000 charging cycles while retaining 95% of … Read the full press release

Elli Expands European E-Mobility Network to Over 600,000 Charging Points

(IN BRIEF) In a significant move to boost electric mobility in Europe, Elli (Volkswagen Group Charging) has expanded its charging network to offer access to more than 600,000 charge points across 27 European countries. This expansion is part of Elli’s … Read the full press release

Volkswagen’s ID.7 Earns Top 5-Star Safety Rating in Euro NCAP Test

(IN BRIEF) Volkswagen’s new all-electric model, the ID.7, has achieved a stellar five-star safety rating in the Euro NCAP (European New Car Assessment Programme) safety test, solidifying its position among the highest-rated models of 2023 according to the independent European … Read the full press release

Urban Safety Upgrade: Volkswagen’s Exit Warning System in Focus

(IN BRIEF) Volkswagen has introduced an advanced Exit Warning System designed to enhance safety in inner-city traffic. This system alerts drivers and passengers to approaching road users when exiting the vehicle, particularly benefiting vulnerable road users like cyclists. The system … Read the full press release

Škoda Begins Production of Fourth-Generation Superb at Bratislava Plant, Enhancing Efficiency and Capacity

(IN BRIEF) Škoda Auto has commenced the production of the fourth modern generation of the Superb at the Volkswagen brand plant in Bratislava, just four weeks after its global unveiling near Prague. This strategic move, relocating the Superb’s production from … Read the full press release

SEAT’s SEAT al Sol 2: Major Expansion of Solar Power for Electric Vehicle Production

(IN BRIEF) SEAT S.A. is set to significantly expand its solar energy capacity with the installation of 39,000 new solar panels across its three production facilities in Martorell, El Prat, and Barcelona. This expansion, known as SEAT al Sol 2, … Read the full press release

Volkswagen Deepens Holocaust Remembrance with ‘Flashes of Memory’ Exhibition Visits

(IN BRIEF) Volkswagen reaffirms its commitment to Holocaust remembrance by inviting its employees and trainees to visit the “Flashes of Memory: Photography during the Holocaust” exhibition at the Museum für Fotografie in Berlin. This initiative aligns with Volkswagen’s corporate culture … Read the full press release

SEAT and Volkswagen Prioritize Spanish Suppliers for Electric Vehicle Project

(IN BRIEF) SEAT S.A. and the Volkswagen Group have taken a significant step towards localizing the production of electric vehicles by allocating over 75% of the material costs for the Small BEV project to suppliers based in Spain. This move … Read the full press release

All-New Volkswagen Tiguan Unveiled: Enhanced Design, Advanced Technology, and Sustainable Drivetrains

(IN BRIEF) Volkswagen has launched pre-sales for the latest generation of the Tiguan SUV in Europe. This new iteration of the popular model boasts a complete redesign and significant improvements in various aspects. It introduces hybrid powertrains with an electric … Read the full press release

Volkswagen’s Elli Launches Elli Fleet Charging Across Europe to Streamline Electric Vehicle Fleet Management

(IN BRIEF) Elli, a brand under the Volkswagen Group, has introduced Elli Fleet Charging, an intelligent solution for managing and optimizing electric vehicle (EV) fleets across Europe. Initially available in Germany, Italy, Spain, and Austria, the platform allows companies to … Read the full press release

Volkswagen Unveils First Glimpse of ID.7 Tourer: All-Electric Estate Combining Space and Efficiency

(IN BRIEF) Volkswagen has revealed a first look at its upcoming all-electric estate model, the ID.7 Tourer. This estate version of the ID.7, set to launch in Europe in 2024, combines spaciousness with high efficiency. The car boasts a low … Read the full press release

Volkswagen’s Enhanced T-Cross SUV Now Available for Pre-Sale with Upgraded Features and Pricing

(IN BRIEF) Volkswagen has opened pre-sales for the new T-Cross SUV, featuring a range of enhancements including a refreshed exterior design, LED headlights and tail lights, and a higher-quality interior. The T-Cross will be available with three turbocharged petrol engine … Read the full press release

Umicore and Volkswagen-Backed PowerCo Unveil IONWAY: A Game-Changing Battery Material Joint Venture

(IN BRIEF) Umicore and Volkswagen Group-backed battery company PowerCo have officially launched their groundbreaking collaboration named IONWAY. This Brussels-based joint venture is focused on large-scale industrial production of CAM (Cathode Active Materials) and pCAM (Precursor Cathode Active Materials) in Europe, … Read the full press release

Volkswagen Collaborates with Mönchehaus Museum to Showcase Kaiserring Awardees Yuri Albert and Vadim Zakharov’s Influential Artwork

(IN BRIEF) The Volkswagen Group is proud to support the annual Kaiserring exhibition in Goslar, featuring the works of the 2023 Kaiserring awardees, Yuri Albert and Vadim Zakharov. This collaboration underscores Volkswagen’s commitment to promoting culture and the arts in … Read the full press release

Volkswagen Unveils Vehicle Allocation Plans for German Production Network Through 2028

(IN BRIEF) Volkswagen is gearing up its Germany-based production network for the future, outlining its vehicle allocation plans through 2028 to the Volkswagen Group’s Supervisory Board. This strategic move aims to ensure profitable capacity utilization and economic viability in the … Read the full press release

Volkswagen Unveils Third-Generation Tiguan with Advanced Technology and Improved Efficiency

(IN BRIEF) Volkswagen has unveiled the all-new Tiguan, marking the third generation of this highly successful compact SUV. The new Tiguan is based on the Modular Transverse Matrix (MQB evo) platform, which enables the introduction of new hybrid drivetrains with … Read the full press release

Volkswagen Unveils New Tiguan Model in Employee Event

(IN BRIEF) Volkswagen presented its new Tiguan model to around 10,000 employees at a works meeting at the Wolfsburg plant, ahead of the official media unveiling. The Tiguan has been one of Volkswagen’s most successful models, with 7.6 million units … Read the full press release

Volkswagen Unveils All-Electric ID.X Performance Sports Limousine at ID. Treffen Event

(IN BRIEF) Volkswagen is unveiling the ID.X Performance show car, an all-electric sports limousine, at the ID. Treffen event in Locarno, Switzerland. The vehicle features powerful all-wheel drive, a performance-oriented suspension, and an expressive design. The car showcases the potential … Read the full press release

Volkswagen Group Reveals Modernized Brand Identity in Step Towards Sustainable Future

(IN BRIEF) The Volkswagen Group has unveiled a modernized corporate design, replacing its previous look from 2007. The updated design features a new wordmark, font, colors, and design elements, with a shift from “Volkswagen Aktiengesellschaft” to “Volkswagen Group” to emphasize … Read the full press release

Volkswagen and Audi Forge Strategic Partnerships with Chinese Automakers to Accelerate E-Mobility Expansion in China

(IN BRIEF) Volkswagen Group is expanding its presence in the fast-growing e-mobility market in China through strategic cooperations with local automakers. The VW brand has signed a technological framework agreement with XPENG for joint development of two electric models in … Read the full press release

Volkswagen Targets 40% Growth in Brazil with Extensive Electric Vehicle Offensive

(IN BRIEF) Volkswagen is set to achieve significant growth in South America, particularly in Brazil, through a major product offensive. The company aims to expand by 40% in the region’s largest market by 2027. As part of this plan, Volkswagen … Read the full press release

Leadership Change at AUDI AG: Gernot Döllner Takes the Helm from Markus Duesmann

(IN BRIEF) Gernot Döllner has been announced as the new CEO of AUDI AG, taking over from Markus Duesmann in Volkswagen’s Group Board of Management on September 1, 2023. Döllner, who has a mechanical engineering background, has held several managerial … Read the full press release

Volkswagen’s New Touareg R eHybrid Hits the Market: A Game-Changer in Performance and Design for Premium Electric SUVs

Volkswagen Unveils Flagship Touareg R eHybrid: A High-Performance Electric SUV with Cutting-Edge Features

(IN BRIEF) Volkswagen has launched pre-sales for the new Touareg R eHybrid, their flagship electric SUV. Packed with power and innovation, the Touareg R features a 3.0-liter turbocharged engine and electric motor, delivering 340 kW (462 PS) of power and … Read the full press release

Volkswagen’s Electric Cars Take Center Stage in “Miraculous: Ladybug & Cat Noir, The Movie” Collaboration

(IN BRIEF) Volkswagen has partnered with ZAG and Mediawan Kids & Family for the upcoming “Miraculous: Ladybug & Cat Noir, The Movie.” The exclusive partnership will feature Volkswagen’s fully electric cars in the animated film. Characters like Ladybug and Cat … Read the full press release

Volkswagen, Skoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles report positive Q1 performance

(IN BRIEF) Volkswagen Group’s volume brands, Volkswagen, Škoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles, have published a quarterly report for the first time, showing their positive performance in the first quarter of 2023. The report reflects a doubling of operating profit … Read the full press release

Volkswagen Group Technology Focuses on Scalability and Competitiveness in E-Mobility

(IN BRIEF) Volkswagen Group Technology has announced that it contributed around 40% of the total value added, including a new electric drive generation, for Volkswagen’s new flagship ID.7. The highly efficient drive generation, called APP550, has higher performance and improved … Read the full press release

Volkswagen’s PowerCo to create up to 3,000 jobs in Canadian battery factory

(IN BRIEF) Volkswagen’s battery company, PowerCo SE, plans to build its largest gigafactory in St. Thomas, Ontario, Canada, with an annual production capacity of up to 90 GWh in the final expansion phase. The plant will be PowerCo’s second pillar … Read the full press release

Volkswagen aims to offer widest electric range in Europe with 10 new ID. models by 2026

(IN BRIEF) Volkswagen is set to unveil its latest all-electric flagship model, the ID.7, on Monday, April 17th, with a global premiere scheduled to take place simultaneously in Europe, China, and the US. The new model, positioned at the top … Read the full press release

Volkswagen and Moonshot Pirates Launch Global Innovation Competition for Young People

(IN BRIEF) Volkswagen and Moonshot Pirates have launched a global innovation competition, the Shape the Future of Mobility Challenge, which invites young people aged 15 to 20 to present their creative ideas for sustainable mobility. From May 15 to June … Read the full press release

Volkswagen dealers gather in Hamburg for Brand Experience event to learn about brand’s future models and strategy

(IN BRIEF) Volkswagen has hosted a Brand Experience event in Hamburg where dealers from around the world have gathered to learn about the automaker’s future plans. During the event, attendees gained insights into Volkswagen’s upcoming line of models, which includes … Read the full press release