News Analysis One of Ottawa’s biggest selling points for its record subsidy to Volkswagen—which could top $13 billion—is the potential creation of tens of thousands of jobs. But leading public policy expert Jack Mintz is highly skeptical and also questions how the feds project to cover the cost of the new gigafactory in under five…
IN-DEPTH: Job Creation, Budget Accounting Questioned in Massive Subsidies Given to VW
The Latest in Sedans: 4 Doors With Flair
While there are many great examples of sedans, we only have room for five this time around. The prices shown reflect the MSRP of base models. (Courtesy of Volkswagen) Bug Zapper VW Jetta $20,655 While the iconic VW Bug could accommodate a driver and three passengers, the Jetta does it so much better. Beneath the…
Volkswagen, Mercedes-Benz Team Up With Canada in Battery Materials Push
FRANKFURT, Germany—German carmakers Volkswagen and Mercedes-Benz struck battery materials cooperation agreements with mineral-rich Canada on Tuesday, intensifying efforts to secure access to lithium, nickel, and cobalt. The move comes as automakers roll out their electric-vehicle expansion strategies globally in a bid to challenge sector leader Tesla. These strategies depend on sufficient supplies of vital battery…
Volkswagen Still Optimistic for Q4 Porsche IPO: CFO
MUNICH—Despite market volatility, Volkswagen is still working toward an initial public offering (IPO) for Porsche in the fourth quarter that would give the luxury brand more freedom, the German carmaker’s finance chief said on Wednesday. “We are optimistic we can pursue this project in the fourth quarter,” Chief Financial Officer Arno Antlitz said at the…
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…
Volkswagen Unveils Asian Ventures for EV Production
March 21, 2022
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Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China. The move is part of a 30 billion euro ($33 billion) push by the world’s second-largest carmaker to build a network of battery cell factories and secure more direct access to vital raw…
Volkswagen to Pay $3.5 Million to Resolve Illinois Diesel Lawsuit
WASHINGTON—Volkswagen AG’s U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for updates of emissions software arising from the 2015 diesel cheating scandal. Last month, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by officials in other states seeking damages. Volkswagen had…
German Court Says Volkswagen Should Have Published Engine Plan That Sparked Dieselgate
BERLIN—Volkswagen should have gone public in 2008 with the engine plan that sparked its diesel emissions scandal, a German court said on Thursday, as it set out its views on a test case brought by investors against the automaker. Volkswagen, which admitted in 2015 to cheating U.S. diesel engine tests, said it had fulfilled all…
Volkswagen Executive Sees Global Chip Shortage Running Well Into 2022
DETROIT—Volkswagen AG’s top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year. “Without a doubt, this shortage is going to go well into 2022, at least the second half of ’22,” Volkswagen Group of America Chief Executive Scott Keogh said at the Reuters Events Automotive Summit. The shortage…
Tesla’s Musk Dials Into Volkswagen Executive Conference
FRANKFURT—Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker’s CEO Herbert Diess, who wants to galvanise VW’s top brass for a faster pivot to electric vehicles. The comments on Thursday by Musk to a VW managers gathering in Alpbach, Austria, confirmed by Diess via…
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