Search Results for ‘investment’

It appears that a presumed rough patch in Ford and Volkswagen’s relationship is over, now that  The Wall Street Journal  is reporting on VW preparing a nearly $2-billion investment into the Blue Oval’s autonomous development unit, Argo AI. Earlier this month, claims arose that negotiations had ...

Volkswagen may be spending billions of dollars on its dieselgate scandal, but that doesn’t mean that the world’s biggest automaker isn’t prepared to spend billions more on engine development. The German auto giant is preparing to spend about $11 billion on combustion engines and nearly $10...

Volkswagen AG has said that it is buying a 16% stake in US truckmaker, Navistar International Corp. At $15.76 a share, that adds up to $256 million. According to Automotive News, the companies expect to reap combined synergies of $500 million over the next five years. Crucially, this is a...

[Editor's Note: Below is the full testimony of Christian Koch, President and CEO of Volkswagen Group of America Chattanooga operations before the Tennessee Senate Committee on Finance, Ways and Means Appropriations Subcommittee] Senator Watson, Senator McNally, Senator Tate, and members of the...

U.S. remains one of the most important markets for Volkswagen Chattanooga, Tenn./Wolfsburg, Germany, October 29, 2015 –The Volkswagen Group has reaffirmed its commitment to expanding its Chattanooga facility, where it plans on producing a newly developed midsize SUV for the U.S. market. As...

— Automaker to build parts distribution facility in Sacramento, Calif., to support continued U.S. growth, and enhance service for VWGoA dealers in the region— Herndon, Va.– Volkswagen Group of America, Inc. (VWGoA), today announced plans to invest $6.8 million to expand its logistics operations...

Prof. Dr. Martin Winterkorn: "Volkswagen is positioning itself at the forefront of automotive change with ‘Future Tracks'" Focus on electromobility and the digitalization of vehicles, factories and retail 46,000 researchers and developers and over 10,000 IT experts at Volkswagen are working on...

Volkswagen intends to shape the transformation of the automotive industry together with strong partners Garcia Sanz: "The network of the entire automotive value stream will be even more important in the future." More than 100 CEOs of top suppliers obtain information on innovations and global...

Washington, D.C., February 10, 2015 – Jörg Sommer, vice president, product marketing and strategy, Volkswagen of America, today presented Volkswagen’s holistic approach to e-mobility surrounding the launch of the zero-tailpipe emissions 2015 e-Golf, including a $10 million commitment to support...

EUR 85.6 billion for new models, environmentally friendly technologies and production facilities in the coming five years Capex ratio to remain at a competitive level of between six and seven percent Over half of investments in property, plant and equipment in Germany Chinese joint ventures...