Herbert Diess

Volkswagen is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters. Volkswagen's management board and directors will look at the carmaker's strategy at a meeting in November and are working on a new "to do list" as the company tries to more than double its value to 200 billion euros (182.7 billion pounds), one executive said

Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF. Diess told the Markus Lanz talkshow that the German company, which employs 671,000 people worldwide, was not making any sales outside China and was looking for ways to resume production elsewhere that wouldn't endanger its staff. Demand in China is picking up

German prosecutors said Tuesday they have charged Volkswagen's current chief executive and chairman as well as its former CEO with market manipulation in connection with the diesel emissions scandal that erupted in 2015. CEO Herbert Diess, Chairman Hans Dieter Poetsch, and former chief Martin Winterkorn are accused of deliberately informing markets too late about the huge costs to the company that would result from the scandal, prosecutors in the city of Braunschweig said. The charges, which V

The statement is "considered inappropriate and difficult to comprehend."

How company leaders resolved to create opportunity from disaster — 'if we jump far enough.'

Open to AV investment, but 'we compete in a bunch of areas as well.

This as CEO says it has laid the groundwork to build 50 million EVs.