26 Articles
VW burning through $2.2 billion a week with factories closed by coronavirus

Dozens of plants are offline, and car sales are down 40% in March

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

CEO says VW needs to change faster or risk going the way of Nokia

'The big question is: Are we fast enough?' Diess clearly thinks not

VW's top officers charged in Germany over diesel scandal

Current CEO and chairman, ex-CEO

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

VW supervisory board condemns CEO's mimicry of Nazi slogan

The statement is 'considered inappropriate and difficult to comprehend'

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

Bet everything on EVs: Inside VW's $91 billion strategy shift

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

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

Ford CEO says partnering with VW is a 'delicate dance'

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

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

Volkswagen will devote 3 German plants to electric vehicles

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

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

New Volkswagen CEO testified in U.S. on emissions scandal

He spoke with the Justice Department and FBI

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.

VW CEO Diess granted special "safe passage deal" by U.S. authorities

Former CEO Martin Winterkorn cannot leave Germany

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

New CEO declares VW on right path despite profit hit

Investors think the worst of Dieselgate is behind them

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.

VW names new boss to steer sweeping overhaul

Herbert Diess named CEO in company restructuring

VW's warring stakeholders to hash out new strategy

Here's a rundown of the key players and issues Volkswagen faces

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.

Unions will get a VW board seat if they agree to Herbert Diess as CEO

Head of HR is being ousted, too

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.

Volkswagen reportedly naming VW brand chief Herbert Diess as new CEO

Stock rises on the news Matthias Mueller could be reassigned or out

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

VW CEO sees 'strong' Nov/Dec sales, new record in 2017

Could Volkswagen finally be putting Dieselgate in the rear-view mirror?

"In many places we are still too slow, too bureaucratic and too hierarchical."

Volkswagen brand boss hints at an electric Thing

New EV platform could accommodate the Kubelwagen and other classics.

New EV platform could accommodate the Kubelwagen and other classics.

VW's Transform 2025+ plan includes building electric cars in North America

Wide-ranging look at the future includes lots of talk about EVs, profits.

It's all in the name of "Volkswagen: Moving People Forward."

Will VW miss its diesel emissions deadline in the US?

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.

VW apologizes, again, for diesel scandal

Volkswagen brand chairman Herbert Diess is the latest VW executive to publicly apologize for the company's diesel scandal. He used a portion of his CES keynote to promise the company would fix things.

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