PRAGUE—Europe’s largest carmaker Volkswagen plans to decide in the first half of 2022 on the location for a planned battery cell plant in eastern Europe, it said on Monday. Volkswagen earlier this year outlined plans to build six large battery cell factories across Europe by the end of the decade, with Hungary, Poland, Slovakia and…
Volkswagen to Decide on Eastern European Battery Plant by June 2022
Volkswagen Labour Boss Wants Faster Electric Car Rollout at Wolfsburg: Braunschweiger Zeitung
BERLIN—The head of Volkswagen’s works council wants the carmaker to bring forward production of electric vehicles at its main plant in Wolfsburg to 2024 make it more competitive, a newspaper reported on Saturday. The Braunschweiger Zeitung quoted works council chief Daniela Cavallo as saying a global chip shortage and the COVID-19 pandemic were reducing output…
Volkswagen Cuts Working Hours at German Site Until Mid-October
FRANKFURT—Volkswagen, which is suffering from an ongoing shortage of automotive chips, will cut working hours at its main German factory in Wolfsburg until the middle of October, it said on Wednesday. The shortened working hours affect the first two weeks of October, the company said, adding that on Oct. 1 only one assembly line would…
Volkswagen to Pay $1.5 Million to Settle New Hampshire, Montana Diesel Claims
September 27, 2021
admin
Business & EconomyclaimsCompaniesdieselEuropeLocal NewsMontanaNew HampshireRegional-Local NewsUSUS NewsVolkswagenWorld
0 Comment
WASHINGTON—Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over post-vehicle updates of software emissions arising from the 2015 diesel cheating scandal. The settlements for about $280 per vehicle is a small fraction of the maximum liability the German automaker…
Tesla’s German Landing Will Fuel Competition: Volkswagen CEO
September 24, 2021
admin
Business & EconomyCompaniescompetitionEconomieseconomyEuropeGermanHerbert DiessLocal NewsRegional-Local NewsSouthern CaliforniateslaUSUS NewsVolkswagenWorld
0 Comment
FRANKFURT—The planned opening of Tesla’s first gigafactory in Europe later this year will force local industry to step up its game, Volkswagen Chief Executive Herbert Diess said on Friday. Diess’ comments, made on Twitter, come as Tesla continues work on its plant in Gruenheide, near Berlin, as it awaits final building approval for the 5.8…
Four Former VW Employees Go on Trial in Dieselgate Lawsuit
BRAUNSCHWEIG, Germany—Four former employees of carmaker Volkswagen went on trial on Thursday over the Dieselgate scandal in which illegal software was used to cheat emission tests. The trial, being held in the city of Braunschweig, close to Volkswagen’s headquarters in Wolfsburg, started without former CEO Martin Winterkorn, whose separate trial will take place at a…
JPMorgan to Buy Majority Stake in Volkswagen’s Payments Business
September 8, 2021
admin
Business & EconomyCompanieseconomyEuropeInvestmentJPMorganmajorityMarketspaymentsstakeUSVolkswagenWorld
0 Comment
LONDON—JPMorgan has struck a deal to buy a majority stake in German car giant Volkswagen’s payments business ahead of a planned rollout of in-car technology that allows drivers to automatically pay for fuel or tolls. The U.S. bank has agreed to buy close to 75 percent of Volkswagen Payments S.A. for an undisclosed sum, subject…
Volkswagen Signals Higher Transition Cost From Autonomous Shift
MUNICH—Volkswagen may have to spend more to deliver its planned transformation, the German carmaker’s supervisory board chairman said, particularly a shift towards autonomous driving. The world’s second-largest automaker, which plans to invest 150 billion euros ($178 billion) in its business by 2025, has repeatedly said that it can fund the transition towards electric vehicles and…
Volkswagen Reaches $42 Million Settlement With US Owners Over Takata Air Bags
WASHINGTON—Volkswagen’s U.S. unit has agreed to a $42 million settlement covering 1.35 million vehicles that were equipped with potentially dangerous Takata air bag inflators, according to documents filed in U.S. District Court in Miami. The settlement is the latest by major automakers and much of the funding goes to boosting recall completion rates. To date,…
NTD Business Full Broadcast (July 8)
Google is facing an anti-trust lawsuit from dozens of states. They say Google bought off competitors to keep a monopoly for its app store, and consumers like you are paying more because of it. Celebrity lawyer Michael Avenatti gets two and half years in prison for trying to extort Nike. What did he do, and how…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`