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A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva.

Volkswagen pushes battery partners to build Gigafactories

15 April 2019, 5:53 AM

Volkswagen will buy $56.57 billion worth of battery cells for electric cars and has identified South Korea’s SKI, LG Chem and Samsung SDI as strategic battery cell suppliers.

The President and CEO of Ford Motor Company Jim Hackett, shakes hands with Volkswagen CEO Herbert Diess.

VW, Ford team up on trucks, eye deals on EVs, self-driving cars

16 January 2019, 7:51 AM

Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.

Electric powered VW vehicle

VW, China spearhead $300bn global drive to electrify cars

10 January 2019, 4:01 PM

Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers.

VW embarks on $50 billion electrification plan

17 November 2018, 7:51 AM

VW will spend almost $50 billion on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with US automaker Ford.

Herbert Diess

VW CEO received memorandum about emissions cheating fallout: NDR

25 August 2018, 8:03 AM

Volkswagen Chief Executive Herbert Diess was given a memorandum warning the carmaker might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported on Friday.



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