Volkswagen factories revert to coal following EU Russian oil ban May 4, 2022 Volkswagen is being forced to revert to coal and gas to power its plants after the EU proposed a phased ban on Russian oil. Proposed today by European Commission president Ursula von der Leyen, the ban will be gradually implemented over the course of 2022. “Understanding the situation, we just decided to upgrade our coal-fired [...]
Porsche and Audi to enter Formula 1 in 2026, confirms Volkswagen chief Diess May 2, 2022 Porsche and Audi are working on plans to enter Formula 1, says Herbert Diess, chief executive of their parent company Volkswagen. He said the decision was based on the growth in popularity of F1 in recent years, particularly in the US and among younger audiences. Confirming that Porsche and Audi would enter the series in [...]
Volkswagen reduces model range as part of electric drive April 6, 2022 Volkswagen will reduce its model range to focus on more profitable vehicles as part of its electric drive, finance chief Arno Antlitz told the Financial Times today. The group – who owns brands such as Seat, Skoda Audi and Porsche – will cut down on models, going from the current 100 diesel and fuel vehicles [...]
Volkswagen’s output into question as Ukrainian wire harnesses become biggest supply chain issue March 15, 2022 Volkswagen’s output for 2022 could be in danger as a shortage of Ukrainian wire harnesses became the group’s biggest supply chain issues, chief executive Herbert Diess said. “The war in Ukraine has put our existing outlook into question,” Diess said yesterday morning during a press conference. He added that commodity markets are expected to remain [...]
Volkswagen U-turns and predicts chip shortages to ease later this year February 16, 2022 Volkswagen made a U-turn today and predicted that chip shortages will ease in the second half of 2022. “We see opportunities for further production increases, especially in the second half of the year,” the group’s chief executive Herbert Diess said during a speech. Diess’s comments come a few days after another member of Volkswagen’s management [...]
Porsche expects record sales in 2022 despite continuation of supply chain issues February 6, 2022 Not even ongoing supply chain issues will hinder Porsche’s lucky streak, as the automotive maker expects record sales in 2022 despite semiconductor shortages. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” said Detlev von Platen, Porsche’s board member for [...]
Global semiconductor shortages are not over, says Volkswagen February 6, 2022 The global automotive industry is not yet out of the woods as semiconductor shortages are expected to continue this year, according to Volkswagen. “The volatile situation will affect us at least beyond the first half of this year. We must continue to fight for every part” said Murat Aksel, Volkswagen’s board member and head of [...]
Volkswagen and Bosch join forces to develop hands-free software by 2023 January 25, 2022 Volkswagen and Bosch have announced they will work on the development of a self-driving software that will be installed on vehicles from 2023. Using data from Volkswagen, Bosch and Cariad – the car maker’s software subsidiary – will develop a level 2 system to enable hands-free driving in cities, motorways and rural areas. A level [...]
Volkswagen and Bosch set up venture to make EU’s battery production self-sufficient January 18, 2022 Volkswagen and Bosch have joined forces and will set up a venture by the year’s end to make Europe’s battery production self-sufficient. The new company will provide integrated battery production systems, on-site ramp up and maintenance support, serving Volkswagen’s factories as well as plants across Europe. “Europe has the unique chance to become a global [...]
Volkswagen to produce fewer cars in 2022 following semiconductor supply issues December 16, 2021 Volkswagen has reportedly said it might have to reduce its production forecasts for 2022 as a result of ongoing semiconductor issues. After reducing its 2021 forecasts from 9.3 to 9 million vehicles produced, the German car marker could see deliveries fall to 8 million next year, business magazine Manager Magazin reported this morning, citing sources [...]