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Volkswagen India Unit Faces $1.4 Billion Tax Evasion Notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.
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Tax Storm For Volkswagen India, $1.4 Billion Evasion Notice Issued: Details
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser
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Brazilian Labour Court Charges Mercedes-Benz With $7.3 Million For Harassment Of Workers
A Brazilian labour court ordered German automaker Mercedes-Benz to pay the equivalent of $7.3 million in damages for discrimination and harassment suffered by workers at a factory in Sao Paulo state.
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Mercedes-Benz India Planning to Launch New EVs in Coming Months, Expects EV Portfolio to Grow
Mercedes-Benz India is expecting its EV portfolio to make up 25 percent of its total car sales in the next three years, growing from the current levels of three to four percent. The German automaker is planning to launch three to four EVs in the coming 12 to 18 months in India.
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Volkswagen Plans to Launch First EV in India by 2024: All Details
Volkswagen on Tuesday said that it plans to introduce its first EV in India by 2024. The German automaker plans to launch its premium electric SUV ID.4 according to, a senior company official. Volkswagen expects 25-30 percent of its total sales in India to come from EVs by 2030.
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Herbert Diess, Volkswagen's Disruptor-In-Chief, Runs Out Of Road
Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.
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Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
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Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
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2022 World Car Awards: Mercedes-Benz EQS Wins Luxury Car Of The Year
The German automaker's flagship electric saloon made its global debut last year and the car is the electric equivalent of the S-Class, which deems fit considering the seventh-generation S-Class was crowned Luxury Car of the Year in 2021.
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Ford Says European Production Hit By Chip Shortage, Ukraine Conflict
The U.S. automaker said it will idle its German plants in Saarlouis and Cologne, mostly due to the global chip shortage.
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Dancing Elon Musk Hands Drivers First Teslas From New German Gigafactory
Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant, marking the start of the US automaker's inaugural European hub just two years after it was first announced.
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Volkswagen Labour Chief Takes Company To Task On China, In FAZ Interview
The German automaker sold 70,625 ID electric vehicles in China last year, missing its goal of 80,000 to 100,000 cars, with production affected by regional COVID-19 outbreaks as well as chip-related issues.
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Volkswagen Virtus Name Confirmed For Upcoming Compact Sedan, Debut In March
The Volkswagen Virtus will be the second offering from the German automaker to be based on the MQB A0 IN platform after the Taigun and will replace the Vento in the company's portfolio. The name is already in use in the Latin American markets.
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BMW i4 All-Electric Vehicle Enters Production at Munich Plant, Delivery to Start in 2022
BMW has announced that it has entered its all-electric i4 model into production at its plant in Munich. The next-generation SUV is set to hit the market sometime in Spring next year. The Munich plant is where the multinational automaker builds multiple models, including combustion-powered and plug-in hybrid BMW 3 Series, BMW M3, and BMW 4 Series Gr...
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Apple Supplier Foxconn Sets Sights on Making Electric Vehicles in India, Europe, Latin America
Foxconn is looking at making electric vehicles (EVs) in India, Europe, and Latin America, including "indirectly" cooperating with German automakers, Chairman Liu Young-Way said.
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Volkswagen India Unit Faces $1.4 Billion Tax Evasion Notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.
-
Tax Storm For Volkswagen India, $1.4 Billion Evasion Notice Issued: Details
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser
-
Brazilian Labour Court Charges Mercedes-Benz With $7.3 Million For Harassment Of Workers
A Brazilian labour court ordered German automaker Mercedes-Benz to pay the equivalent of $7.3 million in damages for discrimination and harassment suffered by workers at a factory in Sao Paulo state.
-
Mercedes-Benz India Planning to Launch New EVs in Coming Months, Expects EV Portfolio to Grow
Mercedes-Benz India is expecting its EV portfolio to make up 25 percent of its total car sales in the next three years, growing from the current levels of three to four percent. The German automaker is planning to launch three to four EVs in the coming 12 to 18 months in India.
-
Volkswagen Plans to Launch First EV in India by 2024: All Details
Volkswagen on Tuesday said that it plans to introduce its first EV in India by 2024. The German automaker plans to launch its premium electric SUV ID.4 according to, a senior company official. Volkswagen expects 25-30 percent of its total sales in India to come from EVs by 2030.
-
Herbert Diess, Volkswagen's Disruptor-In-Chief, Runs Out Of Road
Herbert Diess took over at Volkswagen AG four years ago when the German automaker was in crisis, under pressure to make dramatic changes in strategy and culture, and the former BMW executive offered a new vision.
-
Volkswagen Begins Work on First In-House Battery Factory; Aims to Take on US, China Rivals
Volkswagen has begun working on its first in-house battery factory on Thursday, part of a plan by the German automaker to compete with rivals in the US and China. The company has invested a total of EUR 46 billion (roughly Rs. 3,69,900 crore) as part its ambitious goal of becoming the world's biggest electric car manufacturer by 2025. Legacy carmak...
-
Germany Wants to Invite Chip Makers for Local Production, Offers EUR 14 Billion as State Aid
Germany’s Economy Minister Robert Habeck expressed the government’s wish to attract global chip makers to the country in lieu of EUR 14 billion state aid. This is line with EU’s plans to encourage chip manufacturing in the European Union due to a boom in demand.
-
2022 World Car Awards: Mercedes-Benz EQS Wins Luxury Car Of The Year
The German automaker's flagship electric saloon made its global debut last year and the car is the electric equivalent of the S-Class, which deems fit considering the seventh-generation S-Class was crowned Luxury Car of the Year in 2021.
-
Ford Says European Production Hit By Chip Shortage, Ukraine Conflict
The U.S. automaker said it will idle its German plants in Saarlouis and Cologne, mostly due to the global chip shortage.
-
Dancing Elon Musk Hands Drivers First Teslas From New German Gigafactory
Elon Musk was cheered as he oversaw the handover of Tesla's first German-made cars at its Gruenheide plant, marking the start of the US automaker's inaugural European hub just two years after it was first announced.
-
Volkswagen Labour Chief Takes Company To Task On China, In FAZ Interview
The German automaker sold 70,625 ID electric vehicles in China last year, missing its goal of 80,000 to 100,000 cars, with production affected by regional COVID-19 outbreaks as well as chip-related issues.
-
Volkswagen Virtus Name Confirmed For Upcoming Compact Sedan, Debut In March
The Volkswagen Virtus will be the second offering from the German automaker to be based on the MQB A0 IN platform after the Taigun and will replace the Vento in the company's portfolio. The name is already in use in the Latin American markets.
-
BMW i4 All-Electric Vehicle Enters Production at Munich Plant, Delivery to Start in 2022
BMW has announced that it has entered its all-electric i4 model into production at its plant in Munich. The next-generation SUV is set to hit the market sometime in Spring next year. The Munich plant is where the multinational automaker builds multiple models, including combustion-powered and plug-in hybrid BMW 3 Series, BMW M3, and BMW 4 Series Gr...
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Apple Supplier Foxconn Sets Sights on Making Electric Vehicles in India, Europe, Latin America
Foxconn is looking at making electric vehicles (EVs) in India, Europe, and Latin America, including "indirectly" cooperating with German automakers, Chairman Liu Young-Way said.
