Volkswagen Shares Weaken As Diess Decision Apparently Delayed. “The same old problem pops up again and again. VW is a kind of state-owned company with a stake in the stock exchange” Volkswagen’s silence after a top committee reportedly discussed CEO Herbert Diess’s call to back his plan to reform the company’s lack-lustre financial performance, saw […]
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Volkswagen Internal Politics Erupt Again As Diess Future Is Questioned
Volkswagen Internal Politics Erupt Again As Diess Future Is Questioned. It’s less than 6 months since Volkswagen was last shaken up by a plot to remove its chief executive, so it’s clearly time for another episode of this hardy perennial. The Volkswagen Group’s executive committee has convened a meeting Tuesday to discuss the future of […]
VW Management Turmoil Won’t Help Coronavirus Recovery
VW Management Turmoil Won’t Help Coronavirus Recovery “VW has its own leadership crisis while transforming itself into an electric car company and coronavirus requires all management strength and should not leave room for works council revolts” As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue […]
VW 1st Mass Market Electric Car Profit Maker: Report
VW 1st Mass Market Electric Car Profit Maker: Report. “Consumers still prefer an electric Audi, BMW or Mercedes over a Tesla. The key issue is that these brands still lack competitive products, which could change in 2021” Volkswagen will become the first global automaker to make money selling battery-only electric vehicles (BEVs) with profits kicking […]
VW Holds Targets, As It Shutters European Plants Temporarily
VW Holds Targets, As It Shutters European Plants Temporarily. “The report today re-affirms the view that VW is structurally moving in the right direction even if the macro-economic environment is uncertain” Volkswagen tried to put a brave face on its prospects for this coronavirus threatened year, saying 2020 will be very difficult, but nonetheless it […]
VW Leads Auto Electrification, But Buyers May Be Elusive
VW Leads Auto Electrification, But Buyers May Be Elusive. “The SUV trend is unstoppable and so it seems odd SUV EVs aren’t front and center in their initial offering. They’ve been caught out with the wrong cars in the past” Volkswagen is leading the way to the new electrified automotive world, but this remains a […]
VW Expected To Weather Stock Manipulation Charges
VW Expected To Weather Stock Manipulation Charges. “These charges will trigger a long lasting court case and we believe it unlikely VW will face material negative financial or management consequences” Volkswagen CEO Herbert Diess was accused by German prosecutors Tuesday of failing to inform investors about the financial impact of the dieselgate scandal, and initial […]
VW Denies Tesla Plan; Share Price Fall Might Trigger Interest
VW Denies Tesla Plan; Share Price Fall Might Trigger Interest. “Musk hasn’t shown interest in cooperating with rivals, let alone striking deals like VW has this year with Ford Motor. That would seem to rule out selling a chunk of the company to a rival” Tesla shares jumped after reports, later denied, that Volkswagen planned […]
VW Raises Profits As The Industry Worries About Its Future
VW Raises Profits As The Industry Worries About Its Future. “The Volkswagen Group could set new records for 2019 as a whole in sales and operating (financial) results,” Volkswagen shares rose slightly as the European 600 automotive industry index slid nearly 1%, after Europe’s biggest carmaker as measure by sales reported strong 2nd quarter profits. […]
Volkswagen’s Ambitious Electric Plans Invite Big Questions
Volkswagen’s Ambitious Electric Plans Invite Big Questions. “Until charging is nearly as easy, fast and readily available as filling up a petrol tank, mass-market penetration will be limited” In five or maybe 10 years, Volkswagen’s electric car plans could be hailed as brave, farsighted and innovative, maybe premature and self-destructive, or perhaps somewhere in between. […]