FILE PHOTO: A general view of the Volkswagen construction plant which reopened after closing down last month due to the coronavirus disease (COVID-19) outbreak in Bratislava, Slovakia April 28, 2020. REUTERS/Radovan Stoklasa (Reuters) – Volkswagen AG (VOWG_p.DE) said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been… Continue reading UPDATE 1-Volkswagen indefinitely delays restarting U.S. production
Tag: VW
Auto Service Finance Raises Over £14M in Debt and Equity Funding
Auto Service Finance, a London, UK-based automotive payment provider, raised over £14m in debt and equity funding. The company secured £850k through equity given to private investors, taking its total investment to £4m since its launch, as well as a further £13.3m debt facility provided by London based Naviter Capital, which is also one of… Continue reading Auto Service Finance Raises Over £14M in Debt and Equity Funding
Bosch warns of ‘significantly’ steep recession for auto industry
Volkswagen and Daimler report billions of dollars in lost profits due to impact of coronavirus Go to Source
UPDATE 1-VW urges Germany to help boost demand for cars as profit plunges
FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) urged the German government on Wednesday to help boost demand… Continue reading UPDATE 1-VW urges Germany to help boost demand for cars as profit plunges
@VW Group: Volkswagen Group’s business substantially impacted by Covid-19 pandemic in first quarter
The Volkswagen Group recorded a substantial impact on its business as a result of the global Covid-19 pandemic following the first three months of the current fiscal year. Deliveries to customers decreased by 23.0 percent compared to the same period of the previous year to 2.0 (2.6) million vehicles. Sales revenue fell by 8.3 percent… Continue reading @VW Group: Volkswagen Group’s business substantially impacted by Covid-19 pandemic in first quarter
VW says expects to be profitable in 2020 as first-quarter earnings drop
FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Wednesday said it expected to be profitable on a… Continue reading VW says expects to be profitable in 2020 as first-quarter earnings drop
VW CEO Worried About Tesla’s Industry Lead In Autonomous Tech And Software
It’s plainly obvious just by looking at what it has to offer compared to the established automakers that Tesla is ahead of them in so many fields. It not only provides the some of the quickest and longest range EVs around, but its Autopilot semi-autonomous driving tech and over the air updates have other manufacturers… Continue reading VW CEO Worried About Tesla’s Industry Lead In Autonomous Tech And Software
Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets
Brussels, 28 April 2020 – New data shows that motor vehicles generate more than €440 billion in taxation for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand… Continue reading Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets
@VW Group: Audi realigns its commitment in motorsport
On its way to becoming a provider of premium mobility with a carbon-neutral footprint, Audi is realigning the brand’s motorsport program: The four rings will not extend their commitment in the DTM touring car racing series beyond the 2020 season. The management board of AUDI AG made this decision also in light of the economic… Continue reading @VW Group: Audi realigns its commitment in motorsport
UPDATE 3-Europe restarts car factories amid uncertain demand
FRANKFURT (Reuters) – German carmaking giant Volkswagen (VOWG_p.DE) resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels. Encouraged by a fall in infection rates, Germany has eased lockdown rules and… Continue reading UPDATE 3-Europe restarts car factories amid uncertain demand