Real estate powerhouse Blackstone is putting the finishing touches on one of the biggest real estate funds ever, as some predict a drop in home prices. A Chinese microchip maker is producing semiconductors two generations ahead of its time. This could benefit China’s military. The CEO of Volkswagen is stepping down in a surprise move, years…
China Catching Up on Semiconductors?; Blackstone Creating Massive Real Estate Fund | NTD Business
Volkswagen’s Battery Business Faces Supply-Chain Jolt With IPO Plans on Horizon: Report
German automaker Volkswagen AG’s PowerCo global battery manufacturing business, which it plans to plan to spin-off in an initial public offering in 2023, is facing the impact of supply chain challenges, Bloomberg reported. PowerCo is scouting sources for securing raw materials for the plant amid rising input prices and logistical challenges, the report said, citing Kai Alexander Mueller, CFO of the…
Volkswagen Sales Drop in Europe but China Offers EV Boost
BERLIN—Volkswagen Group sales fell by around a fifth in the first half of this year from a year earlier, company data showed on Friday, led by a steep drop in Europe, but battery-electric sales were boosted by growth in China. Total deliveries to customers worldwide were down 22.4 percent in the second quarter of the…
2022 Volkswagen Atlas SEL Premium R-Line
The 2022 Atlas V6 SEL offers plenty of space, road feel, and comfort for a nice balance. Tech features are easy to use and add additional appeal for the vehicle. The power plant in the review vehicle is a 3.6-liter DOHC Narrow Angle V6, delivering 276 horsepower and 266 lb-ft of torque through an 8-speed…
Volkswagen, Siemens Among Companies Investing Over $700 Million to Boost EV Charger Production
June 29, 2022
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Private companies including Volkswagen and Siemens have pledged to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, the White House announced on Tuesday. The move is set to increase domestic capacity to manufacture more than 250,000 new EV chargers every year and will add at least 2,000 jobs, while…
Research: Tesla Could Be Overtaken by Volkswagen as Top EV Maker by 2024
Germany’s Volkswagen Group could grab the top electric vehicle (EV) maker crown from Tesla Inc., according to a research report by Bloomberg Intelligence. Volkswagen’s battery electric vehicle share already tops that of Tesla in Europe and the legacy automaker needs to replicate that success in other regions, particularly China where it is currently struggling to…
Volkswagen’s Race With Tesla Will Be Tight, Diess Says
BERLIN—Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen’s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had the advantage…
Tesla’s EV Lead Outstrips Industry Rivals, but Not for Long, Says Volkswagen CEO
Tesla, the world’s leading electric vehicle manufacturer, is moving at twice the speed than its competitors, said Herbert Diess, CEO of Volkswagen AG, the world’s second-largest EV manufacturer, at a June 1 conference at the CAR Symposium conference in Bochum, Germany. Tesla has managed to secure its position despite factory shutdowns, a lack of computer chips, and…
Germany Rejects Volkswagen Bid for Investment Guarantees in China, Citing Human Rights Concerns
May 30, 2022
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Germany has rejected carmaker Volkswagen’s bids for investment guarantees in China over human rights concerns linked to the Chinese Communist Party, a German publication reported on Friday. The German Economy Ministry has denied “four applications from a company for the extension of investment guarantees,” Der Spiegel reported, citing a spokesperson for economy minister Robert Habeck….
2022 Volkswagen Golf GTI SE
The all-new 2022 Golf GTI debuts the eighth generation of this famed compact, with a focus on performance, safety, and comfort. Even though there are three trims to choose from, the mid-level SE was my choice for the value, styling, and numerous exciting features. Hatchback allows for easy cargo loading. (Courtesy of Volkswagen) Engine, Transmission…
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