VW

    • Volkswagen invests $2.6bn in self-driving start-up

      Volkswagen invests $2.6bn in self-driving start-up

      VW Group is investing $2.6bn in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle start-up that burst onto the scene two years ago with $1bn in backing from Ford, news wires reported. Separately, the companies announced plans to expand their global alliance to include electric vehicles. The alliance covers collaborations outside of Volkswagen and Ford’s joint investments in Argo AI, according to the announcement.

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    • Volkswagen’s bosses escape trial over Dieselgate with €9m settlement

      Volkswagen’s bosses escape trial over Dieselgate with €9m settlement

      Volkswagen paid on Tuesday €9m in an out-of-court settlement to prevent its two bosses going to trial over “Dieselgate”, news wires reported. The German car giant's chief executive Herbert Diess and supervisory board chief Hans Dieter Poetsch were in September charged for allegedly failing to inform shareholders in a timely manner about the pollution cheating scandal in 2015.

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    • Volkswagen sets new all-time record for most car sales

      Volkswagen sets new all-time record for most car sales

      In 2017 VW Group posted a monster sales year with 10.7m vehicles delivered, making it one of the largest automakers in the world. But not the largest. That honor went to the Renault-Nissan Alliance, whose acquisition of Mitsubishi helped place it at number one. In 2018, however Volkswagen has struck back with 10.83m vehicles delivered worldwide, a new all-time record for any automaker.

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    • VW to produce more than 50m electric cars

      VW to produce more than 50m electric cars

      Volkswagen is readying its production facilities to make 50m electric cars over the next several years, the automaker’s CEO Herbert Diess told Automotive News in an interview published 12 November. The announcement comes as Volkswagen continues to move past the 2015 Dieselgate emission scandal and follows the UK ban on new diesel vehicles altogether.

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