Tag: VW

@VW Group: Dynamic, agile and electric: Audi presents drive concept for e-tron S-models

Audi is systematically moving forward with its e-offensive: The Audi e-tron and the Audi e-tron Sportback are becoming more agile, sharper and more dynamic as S models. The three electric motors, two of which are located on the rear axle, together provide 370 kW of boost power and 973 Nm (717.6 lb-ft) of torque. This… Continue reading @VW Group: Dynamic, agile and electric: Audi presents drive concept for e-tron S-models

VW offers to buy out minority shareholders in Audi

FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said on Friday it had offered to buy out minority shareholders in its premium brand Audi AG (NSUG.DE), via a so-called squeeze-out offer. Volkswagen AG already… Continue reading VW offers to buy out minority shareholders in Audi

Volkswagen Group’s operating profit soars 22% in 2019

The Volkswagen Group has released fiscal year 2019 numbers. Sales revenue increased by 16.8 billion euros to 252.6 billion euros and operating profit before special items rose to 19.3 (17.1) billion euros. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Operating profit also improved to 17.0… Continue reading Volkswagen Group’s operating profit soars 22% in 2019

Volkswagen Reaches Deal With Consumer Group Over Diesel Scandal: Court

Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker’s rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.The parties will announce details at 1300 local time (1200 GMT).VW admitted using illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it more than $30 billion in vehicle refits, fines and provisions.

VW proposes 35% dividend increase as 2019 profit surges 22%

FILE PHOTO: The revised logo of German carmaker Volkswagen AG is pictured during a preview of the world’s biggest automaker at the international Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Volkswagen Group (VOWG_p.DE) said its full-year operating profit rose 22% to 16.9 billion euros ($18.5 bln) thanks… Continue reading VW proposes 35% dividend increase as 2019 profit surges 22%

Axing of Geneva car show forces manufacturers to rethink car launches

FRANKFURT, Feb 28 (Reuters) – Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus.
More than 160 exhibitors were scheduled to show off their cars and services at the 90th Geneva Motor Show, which was due to start on Monday and last until March 15.
BMW and Mercedes-Benz said they would use live-streaming to present the BMW Concept i4 and a revamped Mercedes E-Class respectively.
Ferrari does not plan to arrange alternative events, and Fiat Chrysler said it had no plan B, but that it was considering ways to show off a new electric Fiat 500.
French brand DS, part of PSA Group said it was seeking a venue near Paris to showcase a new concept car and was rescheduling interviews with executives by telephone.
Audi, a premium brand belonging to Volkswagen, said it would seek to use digital channels to launch its Audi A3 sportback and Audi e-Tro..

Volkswagen reaches $900 million deal with consumers over diesel scandal

FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson/File Photo HAMBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit… Continue reading Volkswagen reaches $900 million deal with consumers over diesel scandal

2020 Geneva Motor Show cancelled

It’s official now. According to the latest update on the International Organization of Motor Vehicle Manufacturers’ website, this year’s Geneva Motor Show has been cancelled due to the continued spread of the Covid-19 coronavirus. Earlier this month, the Beijing Motor Show was officially postponed due to Coronavirus This is after several confirmed cases of Covid-19 in Geneva and… Continue reading 2020 Geneva Motor Show cancelled

Geneva Motor Show 2020: the cars we would have seen at cancelled show

The 2020 Geneva Motor Show was due to open its doors to the world’s press on Tuesday 3rd of March, but has now been cancelled by show organisers due to the developing outbreak of coronavirus in Europe.  Geneva is one of the most important events in the motoring calendar, acting as a stage for some of… Continue reading Geneva Motor Show 2020: the cars we would have seen at cancelled show