By Reuters Staff 2 Min Read FILE PHOTO: Volkswagen group CEO Herbert Diess delivers a speech during a visit to the SEAT (Volkswagen group) carmaker’s factory in Martorell, near Barcelona, March 5, 2021. REUTERS/Albert Gea FRANKFURT (Reuters) – Volkswagen targets pre-crisis levels in key performance indicators this year, Chief Executive Herbert Diess told German media… Continue reading Volkswagen CEO aims to approach pre-crisis levels in 2021: ThePioneer
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BMW 2020 profit takes pandemic hit, despite second half rebound
By Reuters Staff 1 Min Read FILE PHOTO: A man and a child look at a BMW X7 car at the Beijing International Automotive Exhibition in Beijing, China September 26, 2020. REUTERS/Thomas Peter LONDON (Reuters) – German carmaker BMW said on Thursday that its operating profit for 2020 fell due to spring shutdowns to slow… Continue reading BMW 2020 profit takes pandemic hit, despite second half rebound
Volkswagen hikes battery cell demand in aggressive EV expansion
By Jan Schwartz, Christoph Steitz 2 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its ambitious roll out of electric vehicles in Europe, two people familiar with the matter told Reuters. The supply… Continue reading Volkswagen hikes battery cell demand in aggressive EV expansion
Volkswagen strategy chief Jost quits to focus on building smart boats
By Reuters Staff 2 Min Read FILE PHOTO: A logo of German carmaker Volkswagen is seen on a car parked on a street in Paris, France, July 9, 2020. REUTERS/Christian Hartmann HAMBURG (Reuters) – Volkswagen strategy chief Michael Jost will quit after more than a decade with the group, he said on his website, adding… Continue reading Volkswagen strategy chief Jost quits to focus on building smart boats
Kia recalls 380,000 U.S. vehicles for fire risks
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis WASHINGTON (Reuters) – Kia Motors Corp said it will recall nearly 380,000 Sportage and Cadenza vehicles because an… Continue reading Kia recalls 380,000 U.S. vehicles for fire risks
Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%
By Reuters Staff 2 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc said on Monday its net loss in the fourth quarter of last year narrowed 42% from the same period in 2019, as EV sales increased in the world’s biggest car market. New York-listed Xpeng,… Continue reading Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%
Main Volkswagen brand speeds up shift to electric
By Reuters Staff 2 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Volkswagen’s namesake brand plans to more than double the share fully electric vehicles have in total European sales by 2030, the company said on Friday, in a bid to accelerate the carmaker’s shift towards battery-powered cars. Fully electric vehicles are expected… Continue reading Main Volkswagen brand speeds up shift to electric
Volkswagen core brand to accelerate electric vehicle shift
By Reuters Staff 2 Min Read FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir FRANKFURT (Reuters) – Volkswagen’s namesake brand plans to more than double the share fully electric vehicles have in total… Continue reading Volkswagen core brand to accelerate electric vehicle shift
Stellantis to distribute its stake in Faurecia to shareholders
By Reuters Staff 1 Min Read A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, March 3, 2021. REUTERS/Pascal Rossignol MILAN (Reuters) – Stellantis on Thursday announced distribution of the stake it still holds in auto parts maker Faurecia to its shareholders. Stellantis shareholders will decide on… Continue reading Stellantis to distribute its stake in Faurecia to shareholders
Volkswagen’s Skoda says to cut 2% of admin jobs in 2021
By Reuters Staff 2 Min Read FILE PHOTO: A Skoda logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt PRAGUE (Reuters) – Volkswagen’s Skoda Auto aims to cut 2% of administrative jobs in the Czech Republic in 2021 by not replacing staff who leave rather than… Continue reading Volkswagen’s Skoda says to cut 2% of admin jobs in 2021