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1-10 results from 1000 for query «volkswagen»

January 14, 2019 4:30 PM VW CEO says hopes U.S. investments help avoid tariffs against EU

DETROIT (Reuters) - Volkswagen’s (VOWG_p.DE) Chief Executive Herbert Diess said an $800 million investment to build a new electric car in Chattanooga, Tennessee should help ease tensions with United States President Donald Trump. “We hope that with the investment in Chattanooga we could make a contribution, step forward, to avoid tariffs between Europe 98

January 9, 2019 10:05 PM Volkswagen hires Apple executive for autonomous vehicle role

FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) said on Wednesday it had hired an executive from Apple (AAPL.O) as a director responsible for technical development at its commercial vehicles division. Alexander Hitzinger, 47, will also take group-wide responsibility for VW’s efforts to develop self-driving vehicles as well as offer “Mobility as a Service 116

December 16, 2018 6:38 PM California is first state to mandate zero-emission bus fleet

California moved Friday to eliminate climate-changing fossil fuels from its fleet of 12,000 transit buses, enacting a first-in-the-nation mandate that will vastly increase the number of electric buses on the road. The California Air Resources Board voted unanimously to require that all new buses be carbon-free by 2029. Environmental advocates project 63

December 5, 2018 6:15 PM Volkswagen brand seeks 6-billion-euro cost, efficiency gains by 2023: Handelsblatt

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) core brand will seek cost and efficiency gains of almost 6 billion euros ($6.8 bln) in an effort to raise the VW brand’s operating margin to 6 percent by 2023, German daily Handelsblatt said, citing company sources. Volkswagen has said it seeks to achieve an operating return on sales of at least 6 percent 88

December 4, 2018 10:11 AM Audi to invest 14 billion euros in e-mobility, self-driving cars

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving. Overall, the company’s total projected expenditure for the next five years amounts to 40 billion euros, the company said in a statement. It also plans 104

November 30, 2018 11:42 AM German chancellery aware of plans for White House meeting of German car bosses

BERLIN (Reuters) - The German chancellery is aware of the idea of a meeting between representatives of the U.S. government and the executives of German car companies, a spokesman for Chancellor Angela Merkel said on Friday. Top executives from German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) are finalizing plans for a White 75

November 28, 2018 8:20 PM Volkswagen's Seat brand to develop electric car platform in China with JAC

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) Spanish Seat brand said it will develop an electric car platform together with China’s Anhui Jianghuai Automobile Group Corp., Ltd (JAC), as part of a broader Asian expansion push. A battery electric vehicle platform will be developed for production in China and JAC Volkswagen will introduce the Seat brand 101

November 26, 2018 11:10 AM Italy's SNAM signs deal with Volkswagen for gas-powered cars

MILAN (Reuters) - Italian gas group Snam (SRG.MI) has a deal with Seat, a unit of German car maker Volkswagen VOWD_p.DE, to boost the use of natural gas to power cars, the two companies said on Monday. Snam and Seat will explore ways to develop fuel station networks and create new products. “For SEAT, one out of every five vehicles sold in Italy uses compressed 101

November 16, 2018 3:07 PM Volkswagen expects to be the most profitable maker of electric cars

WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution 94

November 16, 2018 1:42 PM VW says could build up to 15 million electric cars

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday. Automotive News on Monday quoted Diess as saying that VW could build 50 million electric 92