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VW spending $2.2 billion to expand in China's electric car market

Filed under: Green , Plants/Manufacturing , Volkswagen , Electric Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion euro ($1.1 billion) deal. The German automaker said it would spend another 1 billion euros ($1.1 billion) to become the biggest shareholder in a bat Continue reading VW spending $2.2 billion to expand in China's electric car market VW spending $2.2 billion to expand in China's electric car market originally appeared on Autoblog on Fri, 29 May 2020 09:43:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/2B5PH9N

Volkswagen board formally okays Ford alliance projects

Filed under: Green , Ford , Volkswagen Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July. Among the shared projects specified by VW are a midsize pickup to be developed by Ford; a city delivery van to be developed by VW; a larger commercial van to be developed by Ford, and a new electric vehicle for Ford of Europe, to be built on VW's electric vehicle architecture. Regarding official approval of the a Continue reading Volkswagen board formally okays Ford alliance projects Volkswagen board formally okays Ford alliance projects originally appeared on Autoblog on Thu, 28 May 2020 14:15:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/2ZNg7aK

VW reportedly close to sealing biggest-ever deals in China's EV sector

Filed under: Green , Plants/Manufacturing , Rumormill , Volkswagen , Green Automakers , Electric , Future Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk Continue reading VW reportedly close to sealing biggest-ever deals in China's EV sector VW reportedly close to sealing biggest-ever deals in China's EV sector originally appeared on Autoblog on Wed, 27 May 2020 08:15:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/3cbp53X

German court rules that VW must buy back 60,000 diesel vehicles

Filed under: Earnings/Financials , Government/Legal , Green , Volkswagen , Diesel A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they drove since buying it, not the purchase price. Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others Continue reading German court rules that VW must buy back 60,000 diesel vehicles German court rules that VW must buy back 60,000 diesel vehicles originally appeared on Autoblog on Tue, 26 May 2020 08:50:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/2ZP8LUn

1954 VW Beetle hides a supercharged secret

Filed under: Volkswagen , Coupe , Classics Continue reading 1954 VW Beetle hides a supercharged secret 1954 VW Beetle hides a supercharged secret originally appeared on Autoblog on Fri, 22 May 2020 10:51:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/3gelUfj

Volkswagen admits car ad racist, apologizes

Filed under: Weird Car News , Volkswagen Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences. The German car company, which has seen its reputation tarnished in the last five years after it admitted cheating diesel emissions tests, said it did not tolerate any form of racism. German television noted that the hand could be interpreted as making a "white power" gesture Continue reading Volkswagen admits car ad racist, apologizes Volkswagen admits car ad racist, apologizes originally appeared on Autoblog on Wed, 20 May 2020 19:30:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/3dYJwCC

VW sets the stage for ID.Buzz with an electric version of the Transporter

Filed under: Green , Volkswagen , Minivan/Van , Electric Continue reading VW sets the stage for ID.Buzz with an electric version of the Transporter VW sets the stage for ID.Buzz with an electric version of the Transporter originally appeared on Autoblog on Mon, 18 May 2020 09:29:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen https://ift.tt/2LEjvfL