Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward crossovers and SUVs.
Volkswagen Group and Ford Motor Co. are expanding their budding alliance to collaborate on development of electric and autonomous vehicles, with the German automaker investing $2.6 billion in cash and assets in Argo AI, and Ford agreeing to use VW’s flexible electric vehicle platform for a future battery electric vehicle in Europe.
A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW’s diesel emissions scandal.
Volkswagen Group said it will shrink the workforce by up to 7,000 staff, raise productivity and make 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise the brand’s operating margin to 6 percent.
Volkswagen Group’s core brand aims to raise its profit margin faster than previously planned despite rising investments for electric vehicles.
A German court has ruled Volkswagen must reimburse the owner of a diesel Golf the full original price of his vehicle bought in 2012, dealing a blow to the automaker as the legal battles over its emissions-cheating scandal drag on.
Volkswagen Group may move production of the VW Passat to a Skoda plant in the Czech Republic as part of a wider factory shake-up to accommodate electric cars, a German press report said.
The European Commission has opened a formal investigation into whether German automakers BMW, Daimler and Volkswagen Group colluded to avoid competition in developing clean emissions technology.
Germany’s Transport Ministry said on Sunday there was no fresh news in a Bild am Sonntag report that Volkswagen Group engineers told investigators certain gasoline engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests.
Workers at Skoda Auto’s Mlada Boleslav plant fear that the Volkswagen Group, owners of the Czech marque, intend to shift a part of the production to Germany or other countries abroad.
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