Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pand…
VW’s Traton, Toyota’s Hino to Collaborate on Electrification
Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.
VW’s Traton Unit Sets Deadline for Navistar to Accept Offer
Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.
Daimler Will Retool Century-Old Engine Plants in Electric Shift
Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era.
Musk Test-Drives VW Electric Car in Meeting With CEO Diess
Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.
VW CEO Backs Bill Gates’ Proposals for Greener Transportation
Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.
Daimler Reaches $1.5 Billion US Settlement on Diesel Emissions
Daimler AG reached an agreement with U.S. regulators to settle claims regarding the emissions of some of its diesel vehicles that will cost the German automaker roughly 1.27 billion euros ($1.5 billion).
VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings
Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.
Volkswagen Management Tumult Spills Over to Truck Subsidiary
Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.
Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon
Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.
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