The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
Audi
Volkswagen hires BMW’s engine development expert Markus Duesmann
Of note is the fact that, when compared with rivals, which include Audi, Mercedes, Porsche and VW, BMW’s vehicles have faced fewer regulatory hurdles tied to excessive pollution. Duesmann is likely to head VW’s Audi brand if and when Rupert… Read More ›
Audi’s CEO has been arrested
Although details of the reason(s) for the arrest has/have not yet been disclosed, one potential reason could be dieselgate. On Monday, Audi’s spokesman disclosed that Rupert Stadler, its CEO, has been arrested. “We confirm that Mr Stadler was arrested this… Read More ›
Volkswagen’s CEO, Matthias Mueller, pay package soars to $12.47 million a year
Matthias Mueller’s pay package comes in the wake of VW almost doubling its 2017 operating profit despite being weighed down by the U.S. emission scandal. On Tuesday, Volkswagen, EU’s biggest carmaker, reported that it has hiked up its CEO, Matthias… Read More ›
German prosecutors from Munich houses of 3 suspects in Audi emission scandal case
The prosecutors said the current top management of Audi are not seen as suspects in the case. On Thursday, German prosecutors stated they were in the process of searching the homes of 3 new suspects connected with Audi’s emissions scandal…. Read More ›
Rupert Stadler, head of VW’s Audi, is likely to be replaced by Winfried Vahland in April 2018
The change in CEO comes midst German prosecutors widening their enquiry into the diesel emissions scandal. On Friday, Bild, a German business daily has reported, the CEO of Audi, Volkswagen’s luxury brand, Rupert Stadler, is most likely to be replaced… Read More ›
Carmakers across the European Union post record sales
European carmakers, including PSA, Renault, VW and others have posted record sales in November. According industry data publishes on Thursday, car sales in Europe have risen by 5.8% with the PSA Group and Toyota posting the strongest sales among the… Read More ›
German automakers and lawmakers convene to mitigate pollution
With France and Britain deciding to eventually ban all petrol and diesel vehicles, pressure is building on Germany’s top exporters to tackle long standing issues related to the release of pollutants in the atmosphere. Car executives are set to meet… Read More ›
Audi’s $12 billion cost cutting program to help it fund its forray into EVs
As it pushes to surge ahead leaving dieselgate behind, Audi is streamlining its operations through a cost cutting program. As per sources close to Audi, the carmaker is aiming to cut $12 billion (10 billion euros) as cost cutting measures,… Read More ›
Audi recalls 850,000 diesel powered vehicles to update emission software
The recall also covers VW, and Porsche vehicles which share the same engine. Volkswagen’s luxury brand Audi is recalling 850,000 diesel cars to update the vehicle software which control its emissions. The move is strategic since it is aimed at… Read More ›
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