Tag Archives: Volkswagen


Cars’ electric future: Volkswagen, Northvolt to set up giant battery ...

09 September, 2019 5:37 am 5:37 am

LONDON – Volkswagen, the world’s biggest carmaker, is picking up the pace in its bid to dominate the auto industry’s electric future as the company announced Friday that it had struck a deal with Sweden’s Northvolt to build a giant battery factory in Germany. It also confirmed production dates for two new models key to the group’s … Read More

VW embarks on $50 billion electrification plan

11 November, 2018 8:52 am 8:52 am

WOLFSBURG, Germany (Reuters) – Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said. VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and … Read More

Volkswagen pulls out of Iran, according to US official: Bloomberg

09 September, 2018 9:25 am 9:25 am

(Reuters) – Volkswagen AG will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a US official who led the discussions with the carmaker. The Trump administration persuaded Volkswagen to comply with U.S. sanctions on Iran, Bloomberg said. The White House and Volkswagen were not immediately available for comment on the … Read More