New Ceo Of Volkswagen

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.

It also appears that Red Bull with its new Powertrains division and Volkswagen are looking at collaborating when F1 enters an era for the new engines

Diess noted that the arrival of Apple will drive competition in the electric car space even more.

Elon Musk, the CEO of Tesla Inc visited Germany to meet several officials with projects related to the upcoming Gigafactory. The officials assured him that the company will get complete support from the German government for building its Gigafactory Berlin. We already know that Tesla is building a new Gigafactory outside Berlin and everyone assumed...

Renault's board is expected to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive.

A global clampdown on toxic exhaust fumes has triggered a new wave of consolidation in the auto industry as carmakers look for ways to slash development costs for low-emission and self-driving technologies.

Volkswagen will have to review its plans for a shift toward mass production of electric vehicles to meet new European Union CO2 targets in 2030, CEO Herbert Diess said in a statement on Tuesday.

Volkswagen Group's Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker's profit targets. VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP).

Volkswagen Group's new chief executive Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands, German monthly Manager Magazin said. Diess is not satisfied with progress at Audi and wants the premium brand to achieve an operating margin of 12 per cent long term, compared with 8.4 per cent in 2017.

Rumours of Italian brand Ducati up for sale have begun again after Ducati's owner the Volkswagen Group appointed a new CEO last week. VW, which is also part of the Porsche Automobil Holding SE company, has announced the appointment of Herbert Diess, who has been chosen to replace Mathias Mueller.

Under Herbert Diess, Volkswagen will consolidate its 12 brand into 3 automotive groups and one truck company. The company might sell some businesses.

Matthias Muller steps down as chairman by mutual agreement, effective immediately

Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said.

Tata Motors today said it is in talks with the world's largest auto maker Volkswagen for a possible partnership. The company is exploring various opportunities, including partnership in its new advanced modular platform (AMP) development, possibilities of a joint venture or a contract manufacturing with the German auto major, in its bid to scale up...

Volkswagen America announced the introduction of Electrify America. This new subsidiary will manage more than $2 billion worth of investment into zero-emission vehicle infrastructure in the next decade. The concentration will also be on infrastructure as well during this duration.

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.

It also appears that Red Bull with its new Powertrains division and Volkswagen are looking at collaborating when F1 enters an era for the new engines

Diess noted that the arrival of Apple will drive competition in the electric car space even more.

Elon Musk, the CEO of Tesla Inc visited Germany to meet several officials with projects related to the upcoming Gigafactory. The officials assured him that the company will get complete support from the German government for building its Gigafactory Berlin. We already know that Tesla is building a new Gigafactory outside Berlin and everyone assumed...

Renault's board is expected to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive.

A global clampdown on toxic exhaust fumes has triggered a new wave of consolidation in the auto industry as carmakers look for ways to slash development costs for low-emission and self-driving technologies.

Volkswagen will have to review its plans for a shift toward mass production of electric vehicles to meet new European Union CO2 targets in 2030, CEO Herbert Diess said in a statement on Tuesday.

Volkswagen Group's Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker's profit targets. VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP).

Volkswagen Group's new chief executive Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands, German monthly Manager Magazin said. Diess is not satisfied with progress at Audi and wants the premium brand to achieve an operating margin of 12 per cent long term, compared with 8.4 per cent in 2017.

Rumours of Italian brand Ducati up for sale have begun again after Ducati's owner the Volkswagen Group appointed a new CEO last week. VW, which is also part of the Porsche Automobil Holding SE company, has announced the appointment of Herbert Diess, who has been chosen to replace Mathias Mueller.

Under Herbert Diess, Volkswagen will consolidate its 12 brand into 3 automotive groups and one truck company. The company might sell some businesses.

Matthias Muller steps down as chairman by mutual agreement, effective immediately

Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said.

Tata Motors today said it is in talks with the world's largest auto maker Volkswagen for a possible partnership. The company is exploring various opportunities, including partnership in its new advanced modular platform (AMP) development, possibilities of a joint venture or a contract manufacturing with the German auto major, in its bid to scale up...

Volkswagen America announced the introduction of Electrify America. This new subsidiary will manage more than $2 billion worth of investment into zero-emission vehicle infrastructure in the next decade. The concentration will also be on infrastructure as well during this duration.