Volkswagen says it is not interested in buying a Tesla stake

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla. “The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters. Source: Read Full Article

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Volkswagen Joins Blockchain-powered Responsible Minerals Sourcing Group

German car maker Volkswagen Group joined an industry consortium that will use blockchain technology for the responsible sourcing of strategic minerals which are used in the production of vehicles. The members can contribute and access immutable data in a secure and permissioned way to trace and record the flow of minerals across the supply chain in near real-time. Other members […]

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Volkswagen India rolls out one-millionth car

Volkswagen India Pvt. Ltd. rolled out the one-millionth car from its Pune assembly line on Friday. The celebratory car, the made-for-India Volkswagen Carbon Steel Ameo, was rolled out in presence of the company’s managing director Gurpratap Boparai, its director Steffen Knapp, the top management and some of the oldest employees, who have been part of the production department at the […]

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FT: Renault Looking To Merge With Nissan And Buy Fiat Chrysler

French automaker Renault SA (RNSDY.PK,RNSDF.PK,RNT.L) is looking to restart merger talks with Japanese automaker Nissan Motor Co. Ltd. (NSANF.PK,NSANY.PK) within twelve months and then acquire Fiat Chrysler Automobiles N.V. (FCAU) among the preferred targets, the Financial Times reported Wednesday, citing several people familiar with Renault’s plans. According to the FT report, the planning is a new strategy after the arrest […]

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Volkswagen board condemns CEO for evoking Nazi slogan

Volkswagen’s supervisory board on Friday condemned the auto giant’s chief executive for evoking a chilling Nazi slogan to highlight the importance of boosting profits. Speaking to workers at a VW event earlier this week, CEO Herbert Diess coined the line “EBIT macht frei” — a German phrase that echoed “Arbeit macht frei,” the false promise “Work makes you free” that […]

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Volkswagen signs e-vehicle startup as first partner for production platform

FRANKFURT (Reuters) – Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models. The partner will use VW’s so-called MEB production system to “bring e-vehicles to market that complement Volkswagen’s model offering,” the carmaker said in a statement. A […]

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German prosecutors mull dieselgate fine for auto supplier Bosch

FRANKFURT (Reuters) – Prosecutors in the German city of Stuttgart are looking into a possible fine for auto supplier Robert Bosch for providing Volkswagen with engine management software that the carmaker used to cheat vehicle emissions tests in 2015. Volkswagen has paid out more than 27 billion euros ($31 billion) in penalties for using illegal software to disguise excessive levels […]

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