Tag: VW

CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN

CEO Herbert Diess told CNN Business on Thursday that the world’s second largest automaker has “seen the worst” of a chip shortage that badly dented its third quarter earnings. “We had really a challenging quarter,” Diess told Anna Stewart during an interview. “We have better [chip] supply now and hopefully months after months we can… Continue reading CEO says Volkswagen has ‘seen the worst’ of the chip shortage – CNN

Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati

By Joey Klender Posted on October 28, 2021 Tesla’s groundbreaking influence in the electric vehicle sector has been recognized by Volkswagen AG CEO Herbert Diess and Ford CEO Jim Farley, who both recognized the automaker and CEO Elon Musk’s efforts as the benchmark for the sector. It is no secret Tesla and Musk have been… Continue reading Tesla’s groundbreaking influence in EV sector appreciated by VW and Ford CEOs – Teslarati

Audi turns to software to add more range to its older e-tron EVs

Audi has rolled out a new software update to its 2019 model year e-tron electric SUV that will add up to 12 miles of range to the battery. While the improvement might not seem significant — it is, after all, only 12 miles — it does show how automakers are using software to improve older… Continue reading Audi turns to software to add more range to its older e-tron EVs

@VW Group: Volkswagen Q3 earnings impacted by massive semiconductor shortage – nine-month performance up on the prior year004103

Despite the ongoing structural shortage of semiconductors throughout the industry, Volkswagen delivered around 3.8 million vehicles to customers worldwide in the first nine months (+3.3% compared with the prior-year period). During the reporting period, sales revenue grew to EUR 55.5 billion (+18%) and the operating profit increased by EUR 2.6 billion year on year to… Continue reading @VW Group: Volkswagen Q3 earnings impacted by massive semiconductor shortage – nine-month performance up on the prior year004103

@VW Group: Increased range for Audi e-tron 55 quattro: software update for 2019/2020 model years004103

Owners of an Audi e-tron from the 2019 or 2020 model years can now travel farther on a single charge – a new software update will extend their car’s range by up to 20 additional kilometers. This means that Audi isn’t limiting efficiency increases to new models, but also boosting the efficiency of cars already… Continue reading @VW Group: Increased range for Audi e-tron 55 quattro: software update for 2019/2020 model years004103

Scania builds extremely heavy and extra-long electrified truck for Jula Logistics

SODERTALJE, Sweden, Oct. 28, 2021 /PRNewswire/ — The Swedish company Jula Logistics uses a 32 metres Scania truck as High Capacity Transport to be able to bring more cargo for each transport and consequently lower emissions. Now it’s time for the next step: the huge truck will be powered by electricity. This is the latest example… Continue reading Scania builds extremely heavy and extra-long electrified truck for Jula Logistics

@VW Group: Volkswagen Group’s Q3 result down year-on-year due to semiconductor bottlenecks – profitability target for 2021 confirmed004097

The global semiconductor bottlenecks particularly impacted on the business performance of the Volkswagen Group in the third quarter. Operating profit before special items came to EUR 2.8 (3.2) billion in the period from July to September, a drop compared with the first two quarters of this year and the pandemic-related weak prior-year period. The operating… Continue reading @VW Group: Volkswagen Group’s Q3 result down year-on-year due to semiconductor bottlenecks – profitability target for 2021 confirmed004097

Italy’s auto suppliers feel the pinch

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every weekday. With the business of carmaking facing radical change, Italy’s automotive component producers must adapt quickly. But experts say they are struggling to do so — raising doubts about the future of one of the country’s most thriving and export-oriented industries.… Continue reading Italy’s auto suppliers feel the pinch