Volkswagen

Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker's board member in charge of technology said.

The CEO of German auto giant Volkswagen and its luxury subsidiary Porsche on Monday backed moves by Berlin to block a European ban on new combustion engines from 2035.

Volkswagen faced a barrage of criticism from campaigners and its works council on Tuesday after the head of its Chinese business said he saw no sign of forced labour during a visit to the carmaker's Xinjiang plant.

Volkswagen shareholders renewed their criticism of CEO Oliver Blume's dual roles on Friday, even as they prepared to rubber stamp a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.

Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above what other employers have yielded in recent weeks.

German carmaker Volkswagen is holding discussions with investors to join its battery division ahead of a possible partial initial public offering (IPO) of the subsidiary, two people familiar with the matter told Reuters.

Volkswagen said supply chain troubles were the new norm as it reported stagnated earnings in the third quarter, but the carmaker still expects growth in the autos market next year as some bottlenecks look likely to ease.

Auto giant Volkswagen said Friday its recovery in China was accelerating, but sounded a note of caution on geopolitical risks as concerns grow over German dependence on the Asian giant.

Volkswagen plans to expand its cooperation with Intel's Mobileye to include its automated driving program after Wednesday's decision to no longer invest in self-driving startup Argo AI, two sources familiar with the plan told Reuters on Thursday.

Ford also lowered some of its full-year financial projections, citing difficulties with suppliers.

Volkswagen is looking at automating 20-30% of production at its upcoming Trinity plant near its Wolfsburg headquarters, the plant's chief production officer said on Tuesday.

Volkswagen on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world's largest listings even as record inflation and a Russia-Europe energy standoff has sent European stocks tumbling.

Volkswagen's supervisory board agreed on Tuesday evening to remove two seats from the carmaker's 12-person management board, three people familiar with the matter said on Wednesday, adding that a decision was not yet finalised.

Preliminary steps to list Porsche on the stock market are expected in the coming days, six people familiar with the matter said.

Volkswagen's controlling shareholder families aim to keep Europe's top carmaker on a shorter leash.

Germany's Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain, the companies said on Wednesday.

Volkswagen's Spanish brand CUPRA will launch three electric models by 2025, including what would be its first fully electric vehicle to be made in Spain, CUPRA said on Tuesday.

The German carmaker is facing legal action in Brazil over allegations of rampant human-rights violations at a large farm it ran in the Amazon rainforest basin in the 1970s and '80s

Collectively, the combined global production of battery electric vehicles by all automakers is forecast to only reach 32 percent by 2029.

Several factories in Europe have had to go idle due to the lack of cables, with Volkswagen temporarily suspending production at a number of German sites.

The Volkswagen ID. 4 is equipped with a 201-horsepower electric powertrain with a 228 lb-ft torque and a range of 250 miles on a full charge.

The German car maker is in hot water for a sexually suggestive advert of its RS 4 Avant sports car series

All carmakers suffered, but Fiat Chrysler saw the worst drop, at 76.6 percent.

Seven years after the model's last revamp, the new Golf 8 is hitting the road in a vastly changed landscape.

VW reports 10,000 prrorders for its new ID.3 electric car, but that falls way short of Tesla's record.

The compact Beetle was introduced in Germany in 1938 during the Nazi era.

The German automaker said that profit rose to 3.31 billion ($3.85 billion) euros.

A former head of Audi's engine development unit is already in investigative detention.

Volkswagen, Daimler and BMW under fire over reports they financed EUGT experiments on effects of breathing toxic nitrogen oxides.

Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker's commitment to the accelerating technology revolution.