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.
Volkswagen Chief Executive Herbert Diess traveled to the United States this month to testify to authorities about the carmaker's emissions scandal, German newspaper Bild reported on Tuesday.
The indictment of former Volkswagen CEO Martin Winterkorn has resulted in an interesting arrangement regarding the new CEO's freedom to travel. According to Bloomberg, U.S. authorities have granted Herbert Diess a "safe-passage deal," which enables him to travel without having to fear being detained due to the ongoing Volkswagen Dieselgate investigation.
Volkswagen's first-quarter operating profit fell on Thursday, but optimism over its new chief executive, the carmaker's financial health and lower provisions for the diesel emissions scandal lifted its shares.
Volkswagen directors will meet on Thursday to discuss a far-reaching shake-up of its structure and leadership, in a test of unity for the car and truck maker's often divided management, labor chiefs and other stakeholders.
Volkswagen will give labor leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker's new chief executive, sources said on Wednesday.
BERLIN/HAMBURG — Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core VW brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said. VW, still struggling to put its 2015 diesel emissions scandal behind it, said earlier on Tuesday it could replace Mueller as part of a management revamp. The shares jumped on the news and were up 4 percent at over 170 euros. It is unclea
"In many places we are still too slow, too bureaucratic and too hierarchical."
It's all in the name of "Volkswagen: Moving People Forward."
VW has until March 24 to come up with a fix for its diesel emissions scandal in the United States. Apparently, they might not make that deadline.
We take a look at today's news items about the Volkswagen diesel deception. There's a lot to keep up on, it turns out.
The Volkswagen Group is preparing a massive shakeup to its internal structure that will see the company's brands split into four companies of three brands.
Big changes are afoot in the top ranks at BMW, as the Bavarian automaker has announced not just one, but several appointments in the top floors of its towering headquarters in Munich in what the company itself is referring as "a generational change" in its leadership.
What has BMW learned from years of electric vehicle test programs and working with Mini E drivers and the ActiveE Electronauts? According to BMW board member Herbert Diess, it's that public charging is not an important piece of the puzzle of making EVs a success. The way those early EV drivers used their vehicles told BMW that, "public infrastructure is not really very important because most people are charging their cars at home," Diess recently told Wards Auto. It's a message we've heard befor
Just how hard is it to change direction in a BMW? While driving one of the company's vehicles, you'll find little disagreement that it can be easy, even quite pleasurable. But if you're trying to change the direction of the company itself – making the idea of driving fun play nice with fuel efficiency and plug-ins – well, then it's a bit more difficult. You need to take your time, something like five years, and you need someone like Herbert Diess.