A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register FRANKFURT, Nov 26 (Reuters) – Volkswagen (VOWG_p.DE) is convinced that its 2.9 billion euro ($3.3 billion) offer for France’s Europcar (EUCAR.PA), made as part of… Continue reading Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC
Tag: VW
@VW Group: Bidder consortium publishes further information on takeover offer for Europcar004252
Following the approval of the takeover offer of Green Mobility Holding S.A. for the shares of Europcar Mobility Group by the French financial market regulator Autorité des marchés financiers (AMF), the bidder consortium of Volkswagen Group, Attestor Limited and Pon Holdings B.V. has published further information on the takeover offer in accordance with French regulations.… Continue reading @VW Group: Bidder consortium publishes further information on takeover offer for Europcar004252
Volkswagen Group moves step closer to acquiring Europcar
The Volkswagen Group has moved a step closer towards acquiring French vehicle rental firm Europcar after financial regulators in France approved its takeover offer. The German automotive giant partnered with UK-based asset manager Attestor Limited and Dutch automotive conglomerate Pon Holdings in July to place a €2.9 billion (£2.4bn) offer, at 50 cents per share. “The consortium… Continue reading Volkswagen Group moves step closer to acquiring Europcar
German Handelsblatt: Auto industry: VW gets top developers from Apple and BMW003367 for battery division
Battery for the VW ID.3 VW is recruiting the best minds of the competition for the future development of battery systems. (Photo: dpa) Wolfsburg / Cupertino For the billion-dollar expansion of its battery business, the Volkswagen Group has poached other executives from rivals in the tech and automotive industries. Among other things, the head of… Continue reading German Handelsblatt: Auto industry: VW gets top developers from Apple and BMW003367 for battery division
German Handelsblatt: Inadmissible defeat device: BGH will probably sentence Audi for the first time to pay damages in diesel affair003363
Workers at the Audi plant in Neckarsulm The car manufacturer defends itself in court against claims for damages from customers. (Photo: dapd) Karlsruhe The Federal Court of Justice (BGH) will probably for the first time sentence the automaker Audi to compensation for damages because the group installed manipulated VW diesel engines in its vehicles. During… Continue reading German Handelsblatt: Inadmissible defeat device: BGH will probably sentence Audi for the first time to pay damages in diesel affair003363
Volkswagen India begins production of new Tiguan ahead of December launch
Gurpratap Boparai, Managing Director, SAVWIPL and Ashish Gupta, Brand Director, Volkswagen Passenger Cars India at the rollout of the made-in-India Tiguan. Volkswagen Passenger Cars India has commenced start of production of the Tiguan SUV at its Aurangabad plant. Built on the VW Group’s MQB platform, the five-seater Volkswagen Tiguan has a sharp design, enviable performance,… Continue reading Volkswagen India begins production of new Tiguan ahead of December launch
Zeon Charging to set up 400 EV chargers across Tamil Nadu
Tamil Nadu-based electric charging infrastructure company Zeon Charging has confirmed plans to invest Rs 250 crore in setting up EV charger infrastructure in the State. An MoU to that effect was signed recently in the presence of Chief Minister of Tamil Nadu, M K Stalin at the Tamil Nadu Investment Conclave 2021 in Coimbatore. Early this year,… Continue reading Zeon Charging to set up 400 EV chargers across Tamil Nadu
Ford and Rivian scrap plans to co-develop EV
Ford and electric vehicle start-up Rivian have scrapped plans to jointly develop an EV after mutually deciding to focus on their own projects. Ford CEO Jim Farley confirmed the decision to Automotive News and said the firm will now proceed with increasing global EV production to 600,000 annually by 2023. “Right now, we have growing confidence in our ability to win… Continue reading Ford and Rivian scrap plans to co-develop EV
Ionity lands €700 million investment from BlackRock, automakers to expand EV fast-charging network
Ionity, an electric vehicle fast-charging charging network provider whose owners include Daimler AG and Volkswagen Group, has scored a €700 million ($783 million) investment from BlackRock Global and existing shareholders to expand its footprint across Europe. The company, which was founded in 2017, installs ultra-high-speed EV charging stations. It was launched as a joint venture… Continue reading Ionity lands €700 million investment from BlackRock, automakers to expand EV fast-charging network
@VW Group: Huracán STO dynamic launch: an intercontinental success004249
Sant’Agata Bolognese, 24th November 2021 – The dynamic presentation of Lamborghini’s track-inspired super sports car Huracán STO[1] has concluded in Asia. Following its launch to European media in Italy, it was tested on the tracks and roads of North America, Japan and China. The Huracán STO, a road car developed with the experience gained by the… Continue reading @VW Group: Huracán STO dynamic launch: an intercontinental success004249