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Volkswagen Group sales down 15% in pandemic year, but EV sales up 214%

Filed under: Earnings/Financials,Green,Audi,Lamborghini,Porsche,Volkswagen,SEAT,Skoda,Electric Continue reading Volkswagen Group sales down 15% in pandemic year, but EV sales up 214% Volkswagen Group sales down 15% in pandemic year, but EV sales up 214% originally appeared on Autoblog on Wed, 13 Jan 2021 10:53:00 EST. Please see our terms for use of feeds. Permalink |  Email this |  Comments
Tags: Green, Porsche, Autos, Volkswagen, Seat, Electric, Audi, Skoda, Lamborghini, Volkswagen Group, Earnings/Financials, Skoda Electric Continue


VW’s prototype robot is designed to offer full-service charging for electric vehicles

Volkswagen Group has developed a mobile electric vehicle charger that can autonomously navigate parking areas, power up an EV and then make its way back to its outpost without the intervention of humans. The prototype, which VW Group Components created, aims to showcase how the automaker will expand charging infrastructure over the next few years to meet the expected demand that will arise as it produces and sells more electric vehicles. VW Group has committed to launching dozens of electric mod...
Tags: Transportation, Germany, Tech, Tesla, Automotive, Vw, Volkswagen, Dc, Electric Cars, Volkswagen Group, VW Group, Schmall, Volkswagen Group Components, Thomas Schmall, VW Group Components


Top Stories: Apple Car Rumors, Windows on an M1 Mac, AirPods Max Compared

The holiday season is in full swing, and we'd like to take this opportunity to thank all of our readers for having joined us in another year that was jam-packed with Apple news and rumors. The calendar will shortly be turning over to 2021, and Apple has a lot more on its plate, as we've seen in rumors over the past week about the long-rumored Apple Car, next year's iPhone 13 lineup, and a new Apple TV. For highlights on these stories and more from the past week, read on below! Apple Car Pro...
Tags: Apple, Elon Musk, Cook, Featured, Microsoft, Samsung, Tesla, Bloomberg, Taiwan, Top Stories, Barclays, Tim Cook, Sony, Snapdragon, Mark Gurman, Macbook Pro


Amid Apple Car Rumors, Volkswagen CEO Welcomes Competitors to Accelerate Transformation of the Auto Industry

Volkswagen Group CEO Herbert Diess has responded to recent rumors of an Apple car, saying that the major German automaker embraces competition and anticipates the innovations of newcomers in the industry. In a response to a comment on LinkedIn asking about Apple's "Project Titan," first spotted by iMore, Diess said: We look forward to new competitors who will certainly accelerate the change in our industry again and bring new skills. The incredible valuation [of new competitors] and their pr...
Tags: Apple, Cook, Linkedin, Tesla, Tim Cook, Volkswagen, Reuters, Apple Car, Volkswagen Group, Volkswagen AG, Toyota Motor Corporation, Herbert Diess, Tesla CEO Elon Musk, Tesla Volkswagen, Scania, Tesla Apple


VW To Keep Italian Exotic Bike Brand – Ducati Not For Sale

Ducati To Remain in Good Hands Volkswagen Group seemingly owns half the exotic automotive industry. They currently have their wings spread over 12 brands, including some of your favorites: Audi, Bugatti, Lamborghini, Porsche, and finally, Ducati. The mega-corporation has confirmed that Ducati (a part of Volkswagen Group since being acquired in 2012) will remain a part of their family after a meeting with their supervisory board. The companies official statement from the meeting read as follows:...
Tags: Vw, Motorcycles, Ducati, Lamborghini, Volkswagen Group, Audi Bugatti Lamborghini Porsche, Volkswagen Group Speculation


The Station: Uber’s 2020 evolution and QuantumScape’s big breakthrough

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. This year has delivered turmoil, volatility and pain along with some unexpected bright spots, a flood of M&A deals, venture raises and of course, SPACs. In the next few edition...
Tags: Google, Amazon, Uber, Spacex, Elon Musk, Texas, California, Stanford, China, Softbank, San Francisco, Tech, Tesla, Automotive, United States, Ford


VW Ends Racing Operations, Sends Team to Build EVs

Do you ever get the feeling that everything even remotely fun and interesting is being thrown on the pyre of progress so we can collectively live safer, duller lives? Case in point, Volkswagen is dismantling its racing operations so the 169 people it employed can be reincorporated. Responsible for the all-electric Volkswagen ID.R racer that […] The post VW Ends Racing Operations, Sends Team to Build EVs appeared first on The Truth About Cars.
Tags: ID, Vw, Porsche, Electric Vehicles, Autos, Volkswagen, Audi, EVs, Volkswagen Group, News Blog, Corporate Planning, ID R


Volkswagen unveils 'Mission T' to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen

FILE PHOTO: Volkswagen Group CEO Herbert Diess attends a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai Reuters Volkswagen's CEO is facing a vote of confidence from the automaker's board this week.  Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles.  In a new blog post, he outlined how Volkswagen formed 'Mission T' to take on Tesla and electrify all its brands. Visit B...
Tags: Apple, Transportation, News, Trends, Tesla, Bloomberg, Vw, Porsche, Electric Vehicles, Shanghai, Volkswagen, Audi, Le Mans, Reuters, Volkswagen Group, Herbert Diess


REVIEW: The $144,000 Taycan 4S is Porsche's first EV that pairs cosmic speed with eerie electric silence

2020 Porsche Taycan 4S. Kristen Lee/Business Insider The Taycan is Porsche's first EV and comes in three trims: the $104,000 4S, $151,000 Turbo, and $185,000 Turbo S. My 4S loaner came to $143,690 after options. On paper, Porsche's iconic gas-powered 911 Turbo S is faster. But in practice, the Taycan 4S feels like it has warp drive. Visit Business Insider's homepage for more stories. The luxury electric car space is saturated with the likes of Tesla, Lucid, Polestar, Audi, and Jaguar. But ...
Tags: Transportation, Germany, Trends, Tesla, Frankfurt, Lewis Hamilton, Porsche, Autos, Jaguar, Epa, EVs, Electric Cars, Warp, Hatch, Volkswagen Group, Macan


Volkswagen says it might spin off Lamborghini and Ducati

Volkswagen Group executives confirmed that they are considering spinning off the automaker's premium Italian brands, including the supercar maker Lamborghini.
Tags: Cnn, Ducati, Volkswagen, Lamborghini, Volkswagen Group


Volkswagen CEO Says Biden Win Better Suits Corporate Goals

As the U.S. election devolves into deciding which political party committed the most fraud, Volkswagen CEO Herbert Diess said a victory by Democrat Joe Biden would be the ideal outcome for any German automakers seeking to mass-produce electric cars. Hardly surprising, considering the Biden-Harris campaign website says it would regulate the dickens out of fossil […] The post Volkswagen CEO Says Biden Win Better Suits Corporate Goals appeared first on The Truth About Cars.
Tags: Joe Biden, Corporate Strategy, Regulation, Vw, Autos, Volkswagen, Biden, Donald Trump, Policies, Industry News, Volkswagen Group, Volkswagen AG, Herbert Diess, News Blog, Global Strategy, EVs electric vehicles


Volkswagen Recalling 218,000 Jettas Over Fuel Leak Risk

With so many automotive issues being “solved” with a software update and a wink of late, its nice to see a recall that harks back to the days where someone forgot to tighten a few bolts or had a delivery truck pull up to the factory with sub-optimal fasteners. According to documents filed with the […] The post Volkswagen Recalling 218,000 Jettas Over Fuel Leak Risk appeared first on The Truth About Cars.
Tags: Safety, Vw, Recalls, Autos, Volkswagen, Nhtsa, Volkswagen Group, Jetta, News Blog, Safety Recall, Fuel Leak, 2018 Volkswagen Jetta


The Tesla trade is the best way to invest in a solution to global warming

The Tesla Model 3 is one of four vehicles Tesla is selling. Tesla The green economy looks set to grow in the coming decade, as governments and businesses strive to address global warming. At the moment, it's hard to have enough expertise to invest in the opportunity, given how complicated it is. Tesla, however, is directly involved in the green sector because it builds and sells only green technologies. As a result, it looks like a nice, easy way to do some green investing. And Tesla has a...
Tags: Europe, Texas, California, Senate, China, Germany, US, Trends, General Motors, Tesla, Joe Biden, House, Mary Barra, Gm, Daimler, Mercedes Benz


Q5, A7 & A8 TFSI: Audi Rolls Out a Trifecta of Plug-in Hybrids for 2021

Audi has rolled out details about its eco-friendly 2021 Q5, A7, and A8 TFSI e models, and while they’ve got sleeker styles, more torque, and better tech, the big news is their energy efficiency. The additions seem like solid steps toward the automaker’s goal of making 30 percent of its U.S. portfolio electrified in the next five years, despite lagging sales and layoffs. “[Tesla] showed that electric cars are working, that a fully electric car is the right solution,” said former Volkswagen CEO...
Tags: Texas, Germany, Tesla, United States, Vw, Autos, Epa, Volkswagen, Audi, Sears, Austin Texas, Volkswagen Group, Herbert Diess, Tesla CEO Elon Musk, TFSI, Audi of America Inc


Audi Confirms RS Variant for E-Tron GT Sports EV, Teases Soundtrack

With Porsche having secured itself an all-electric vehicle, the laws of trickle-down manufacturing dictate that Audi is the next on Volkswagen Group’s docket for performance-focused electrification. Using the J1 performance platform that underpins Porsche’s Taycan, the Ingolstadt-based automaker has reported that its own E-Tron GT is nearing completion — assuring us that it’ll will meet the […] The post Audi Confirms RS Variant for E-Tron GT Sports EV, Teases Soundtrack appeared first on The Tru...
Tags: Porsche, Electric Vehicles, Autos, Concept Cars, Audi, EVs, Electric Cars, Volkswagen Group, News Blog, Performance EVs, Audi E-tron Gt, Porsche Taycan, Audi E-tron Gt Concept


This Swiss EV startup will be led by a bunch of former Tesla, BMW, Porsche, and Volkswagen bosses

The Piëch Automotive two-seat sports car. Piëch Automotive Piëch Automotive is a Swiss EV sports car startup that’s headed up by ex-BMW, Tesla, Porsche, and Volkswagen employees. Matthias Müller is the newly appointed chairman, formerly of Porsche and Volkswagen after the diesel scandal fallout. He was ousted from the company in 2018. The Piëch GT2 is an all-electric two-seater sports car that boasts an estimated range of up to 310 miles. Visit Business Insider's homepage for more stories....
Tags: Startups, Transportation, Samsung, Trends, Tesla, Porsche, Peter Thiel, Autos, Bmw, Volkswagen, Electric Cars, Ev, Volkswagen Group, Müller, Matthias Müller, Herbert Diess


Report: Volkswagen to Begin Distancing From Lamborghini

More evidence has surfaced that Volkswagen Group may be on the cusp of relieving itself of some of its less-profitable subsidiaries. Following news of a November board meeting that would help decide the fate of numerous ultra-premium brands, rumor has it that VW is currently working out ways to give Lamborghini more autonomy and open […] The post Report: Volkswagen to Begin Distancing From Lamborghini appeared first on The Truth About Cars.
Tags: Deals, Vw, Autos, Volkswagen, Bugatti, Industry News, Lamborghini, Volkswagen Group, Herbert Diess, News Blog


Sell Off? Volkswagen Group Rethinks Its Position on Supercars

Volkswagen Group, the largest automotive manufacturer in the world, is reexamining its relationship with high-performance subsidiaries as it continues pouring money into electrification. Burned by a diesel emissions scandal of its own making half a decade ago, VW leadership now views electric cars as the only path forward — especially in regard to its more mainstream […] The post Sell Off? Volkswagen Group Rethinks Its Position on Supercars appeared first on The Truth About Cars.
Tags: Corporate Strategy, Software, Vw, Ducati, Autos, Connected Cars, Volkswagen, Bugatti, Electrification, Lamborghini, Volkswagen Group, Volkswagen AG, Digitization, News Blog, Product Planning, Restructuring


Brand Moves for Thursday September 17

In early March we began reporting daily on how brands were dealing with Covid-19. But it’s become clear that the current climate is one of near-perpetual disruption, so we decided to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal is to provide an up-to-the-minute source of information, inspiration and insight on brand moves as they happen. US retail sales rose 0.6% last month, the fourth consecutive month of growth, th...
Tags: Amazon, Facebook, Europe, Elon Musk, Hbo, UK, John Lewis, London, Adobe, Advertising, US, Los Angeles, Tesla, Walmart, Tesco, Porsche


Rimac Planning to Buy Bugatti?

Croatian supercar firm Rimac Automobili is reportedly in the process of acquiring Bugatti from Volkswagen. While rumors had been swirling that VW might offload a few of its brands in a bid to focus on electrification and emissions compliance, this is is the first time we’ve heard credible rumblings about real action being taken. Considering […] The post Rimac Planning to Buy Bugatti? appeared first on The Truth About Cars.
Tags: Vw, Porsche, Autos, Volkswagen, Bugatti, Industry News, Volkswagen Group, Volkswagen AG, News Blog, Rimac Automobili, Rimac, Mate Rimac, Piech, Porsche-Piech, Buy Bugatti


Polestar built a better car than Tesla; now it needs to build a better brand

Polestar is a startup in an unusual situation. Polestar has the car. It has the executives. Polestar has factories, partners, and distribution channels. It’s set for success in a way most startups are not. And yet, success is not guaranteed. I fear Polestar is missing a critical aspect of electric vehicles and selling against Tesla. I anticipate this will be a crucial point of discussion with Polestar CEO Thomas Ingenlath at TechCrunch Sessions: Mobility. We’re excited to have Ingenlath join ...
Tags: TC, Elon Musk, Tech, Tesla, Bmw, Volkswagen, Mercedes, Volvo, Tesla Roadster, Skoda, Volkswagen Group, Geely, Matt Burns, Mercedes Benz AMG, BMW Mercedes, Porsche Cars North America


Watch Elon Musk test-drive Volkswagen's competing electric car in Germany

Elon Musk wears a protective mask as he arrives to attend a meeting with the leadership of the conservative CDU/CSU parliamentary group, in Berlin, Germany September 2, 2020. Tobias Schwarz/Pool via REUTERS Elon Musk met with Volkswagen chairman Herbert Diess in Germany last week. As part of the meeting, Musk test-drove VW's competing electric ID.3.  VW shared a minute-long video of the test-drive around a rainy German airfield.  Visit Business Insider's homepage for more stories.  Volkswa...
Tags: Transportation, Elon Musk, Germany, Berlin, Trends, Tesla, Vw, Volkswagen, Musk, Volkswagen Group, Herbert Diess, Diess, Tech Insider, CDU CSU, Reuters Elon Musk, Tobias Schwarz


A Volkswagen executive says it sell more electric cars than Tesla by 2023

FILE PHOTO: VW restarts production after lockdown Reuters Elon Musk met with Volkswagen executives in Germany last week and even test-drove a competing electric model.  Bernd Osterloh, the head of VW's works council, wants one thing to be clear: the companies are still competing.  He told a German newspaper that VW will outsell Tesla's electric vehicle numbers by 2023.  Visit Business Insider's homepage for more stories.  Elon Musk and Volkswagen's chairman may have a friendly relationship...
Tags: Transportation, Elon Musk, Germany, Berlin, Trends, Tesla, Vw, Electric Vehicles, Volkswagen, Musk, Volkswagen Group, Welt am Sonntag, Bernd Osterloh, Tech Insider, Osterloh, Reuters Elon Musk


The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. As summer comes to an end, deals have lagged a skosh ahead of what promises to be a busy fall. And while the news cycle continues, there has been a slight dip in intensity. Sounds like a good tim...
Tags: Apple, Google, MetroMile, Transportation, Uber, Singapore, Tech, Tesla, Service, Automotive, United States, Ford, Shanghai, Sun, Gm, Moscow


VW’s all-electric ID.4 will use interior lighting to communicate with the driver

Newly released teaser images of Volkswagen’s upcoming all-electric ID.4 compact SUV reveals an interior that leans in on tech, such as touchscreens and ambient lighting used to talk to the driver, without erasing every toggle or knob from automotive’s yesteryear. In short: the ID.4 appears to have struck a balance between stark minimalism and a shepherd’s pie of toggles, switches and touchscreens. Could this be the Goldilocks story of the EV world? A few images can’t answer that question. Luckil...
Tags: Europe, China, Tech, Automotive, Vw, Electric Vehicles, Volkswagen, North America, CHATTANOOGA Tennessee, Volkswagen Group, VW Group, Zwickau, China Europe, Thomas Ulbrich, VW Group Volkswagen


Elon Musk met with Volkswagen's CEO while in Germany and test-drove its competing electric models

12 November 2019, Berlin: Elon Musk (l), CEO of Tesla, and Herbert Diess, Chairman of the Board of Management of Volkswagen, converse after the presentation of the Golden Steering Wheel. Jörg Carstensen/picture alliance via Getty Images Tesla CEO Elon Musk was in Germany this week. He toured the company's under-construction factory and met with Volkswagen's chairman Herbert Diess.  The billionaire also test-drove VW's competing electric vehicle, the ID.3, sources told Reuters. Visit Busine...
Tags: Transportation, Elon Musk, News, Germany, Berlin, Trends, Linkedin, Tesla, Bloomberg, Vw, Volkswagen, Wolfsburg, Musk, Reuters, Volkswagen Group, Porsche AG


Volkswagen-backed QuantumScape to go public via SPAC to bring solid-state batteries to EVs

QuantumScape, the solid-state battery company backed by Volkswagen Group, has agreed to merge with a special purpose acquisition company Kensington Capital Acquisition Corp. as it aims to raise the capital it needs to commercialize solid-state batteries for electric vehicles. The merger will give QuantumScape a post-deal market valuation of $3.3 billion. QuantumScape said it was able to raise more than $700 million through the business combination, a figure that includes $500 million in priva...
Tags: Tech, Automotive, Vw, Volkswagen, Electric, Stanford University, Kleiner Perkins, Nyse, Volkswagen Group, SPAC, JB Straubel, Fidelity Management Research Company, Tesla CTO, Redwood Materials, Jagdeep Singh, Justin Mirro


ID.4 Reservations Begin Next Month for $100; Volkswagen Streamlines Shopping Experience

While North America isn’t receiving Volkswagen’s ID.3, it might have been for the best. The car launched with software glitches that made certain tech functions inoperable and probably wasn’t suited for our market, anyway, according to the manufacturer. But the ID.4 (formerly ID Crozz) crossover is coming here, and promises to deliver a pleasant electric-driving […] The post ID.4 Reservations Begin Next Month for $100; Volkswagen Streamlines Shopping Experience appeared first on The Truth About ...
Tags: Vw, Electric Vehicles, Autos, Online Sales, Volkswagen, North America, EVs, Volkswagen Group, News Blog, Dealer News, ID Crozz, Volkswagen ID.4


The Polestar 2 bests the Tesla Model 3 in drivability and enjoyment

I enjoy driving the Polestar 2 more than the Tesla Model 3. The Polestar 2 is more comfortable, seemingly better built, and has a better infotainment system. In all the traditional automotive metrics, it’s a better car, and yet I find it hard to recommend over the Tesla Model 3. The Polestar 2 often excels where the Tesla Model 3 falters. The fit and finish of the 2 are on par with anything from BMW, Mercedes, or Volvo as Polestar is a close partner to the Swedish luxury brand. However, while th...
Tags: Google, Startups, TC, Spotify, Europe, Tesla, United States, Epa, North America, Audi, Volvo, Skoda, Don, Volkswagen Group, Geely, Tesla Model


Daimler Settles in American Diesel Emissions Investigation

Daimler reached an agreement this week to settle U.S. proceedings related to an investigation into software that’s presumed to cheat diesel emissions tests. While not an admission of guilt, it’s going to cost the company a sizable $1.5 billion — which is a lot to spend on a simple misunderstanding. After Volkswagen Group admitted to using […] The post Daimler Settles in American Diesel Emissions Investigation appeared first on The Truth About Cars.
Tags: Autos, Mercedes-benz, Diesel, Daimler, Defeat Devices, Volkswagen Group, News Blog, Settlements, Emissions Scandals, Emissions Software